German GDP Growth Slows to 0.3% in Q3

The German economy advanced a seasonally-adjusted 0.3 percent in the third quarter of 2015, slowing from a 0.4 percent growth in the previous quarter and in line with market expectations. Positive contributions came mainly from household and government spending while investment and foreign trade dragged growth down, preliminary estimates showed.

Positive contributions mainly came from domestic consumption expenditure, flash estimates showed. In the September quarter, the final consumption expenditure of both households and government rose again. In contrast, gross fixed capital formation slightly decreased. The balance of exports and imports also had a downward effect on growth because the increase in imports was markedly larger than that of exports.

Year-on-year, the GDP expanded 1.8 percent, following a 1.6 percent expansion in the June quarter of 2015.

The economic performance in the third quarter of 2015 was achieved by 43.2 million persons in employment in the domestic territory, which was an increase of 343,000 or 0.8 percent on a year earlier.

German GDP Growth Slows to 0.3% in Q3

Destatis l Rida Husna |
11/13/2015 8:26:30 AM