German Economy Avoids Recession in Q3

Germany's gross domestic product grew by a seasonally-adjusted 0.1 percent on quarter in the three months to September 2019, rebounding from a revised 0.2 percent fall in the previous period and beating market expectations of a 0.1 percent contraction, a preliminary estimate showed.
Destatis | Rida Husna | rida@tradingeconomics.com 11/14/2019 10:36:30 AM
Positive contributions mainly came from consumption, according to provisional calculations. Household final consumption expenditure increased, and so did government final consumption expenditure. Also, gross fixed capital formation in construction was up on the previous quarter. Gross fixed capital formation in machinery and equipment, however, was lower than in the previous quarter. Exports rose, while imports remained roughly at the level of the previous quarter, suggesting that net trade had a positive impact on the economy.

Year-on-year, the economy expanded by a calendar-adjusted 0.5 percent in the third quarter, following a revised 0.3 percent growth in the previous three-month period and matching forecasts. On an unadjusted basis, the economy expanded 1.0 percent, recovering from a 0.1 percent contraction in the second quarter.

German Economy Avoids Recession in Q3