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  HOME | Business & Economy (Click here for more)

Germany’s GDP Grows 0.8% in Third Quarter

BERLIN – The German economy grew 0.8 percent in the third quarter compared to the previous three months, the Federal Statistical Office said on Thursday, confirming the provisional data released on Nov. 14.

Growth in the third quarter was mainly propelled by foreign trade and equipment investment.

Exports of goods and services grew 1.7 percent with respect to the second quarter, while imports increased 0.9 percent, according to provisional data.

Year-on-year, the German economy grew 2.3 percent in the third quarter, following increases of 1.0 percent and 3.4 percent in the second and first quarters, respectively.

 

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