BERLIN – Germany’s GDP grew by 0.8 percent in the third quarter of this year, the Federal Statistical Office said Tuesday.
The German economy had grown 0.6 percent in the second quarter and 0.9 percent in the first.
Compared with the third quarter of 2016, GDP registered growth of 2.3 percent.
Growth in the third quarter was driven by foreign trade, as exports chalked up a stronger increase than imports, according to the Federal Statistical Office.
Another factor that contributed to growth was investments in equipment, which marked an upturn over the previous quarter.
According to the latest government projections, GDP will grow by 2 percent this year, coinciding with the forecast of the German Council of Economic Experts.