German economy grows 0.3% in the third quarter

Market news

13 November 2015

German economy grows 0.3% in the third quarter

Destatis released its gross domestic product (GDP) growth for Germany on Friday. Germany's preliminary GDP gained by 0.3% in the third quarter, in line with expectations, after a 0.4% increase in the second quarter.

The increase was driven by domestic final consumption expenditure. Household and government consumption expenditure increased.

On a yearly basis, Germany's GDP rose to 1.8% in the third quarter from 1.6% in the second quarter, in line with expectations.

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