Germany’s economic growth increases in Q3
by ChemOrbis Editorial Team - content@chemorbis.com
According to media reports, data from Germany’s Federal Statistics Office showed that the country’s economy grew at a faster pace during the third quarter of 2017.
Gross domestic product grew 0.8% on quarter from 0.6% registered in the previous quarter. On an annualized basis, Germany’s GDP increased by 2.8%.
The country’s economic growth in the third quarter was driven by a rebound in manufacturing as well as firm foreign demand and investment. However, Germany’s private consumption posted a slight decrease of 0.1% from a 0.9% rise a quarter ago while the government expenditure remained stable on a quarterly basis.
Gross domestic product grew 0.8% on quarter from 0.6% registered in the previous quarter. On an annualized basis, Germany’s GDP increased by 2.8%.
The country’s economic growth in the third quarter was driven by a rebound in manufacturing as well as firm foreign demand and investment. However, Germany’s private consumption posted a slight decrease of 0.1% from a 0.9% rise a quarter ago while the government expenditure remained stable on a quarterly basis.
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