BERLIN: According to preliminary data, economic output in Germany between July and September slowed slightly compared with the previous quarter weighed down by weaker global growth but sustained by domestic consumption.
Destatis said growth was primarily sustained by higher private and state spending, while business investment in capital goods and equipment had slowed in the period. Growth was also negatively impacted by foreign trade, which saw imports rise “significantly stronger” than exports, Destatis added.
On an annualized basis, Germany’s gross domestic product (GDP) accelerated by 1.8 percent over the same quarter last year.
