Economic Indicators
German economy grew by 0.1% in Q3, statistics office says
2024.11.22 03:05
By Maria Martinez
BERLIN (Reuters) – The German economy grew less than previously estimated in the third quarter, the statistics office reported on Friday.
Gross domestic product grew by 0.1% in the third quarter of 2024 compared with the previous quarter, down from a preliminary reading of 0.2% growth.
Household consumption rose 0.3% quarter-on-quarter and government spending was up by 0.4%, while investment fell by 0.2% in machinery and equipment, and by 0.3% in construction.
Exports of goods and services were down 1.9% from the second quarter, with exports of goods, in particular, falling substantially by 2.4%, the statistics office said.
