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German GDP Growth Accelerates More Than Estimated

By Renju Jaya   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Germany's economy expanded more than initially estimated in the third quarter, despite weaker global growth, delivery bottlenecks and rising inflation, official data showed on Friday.

Gross domestic product grew 0.4 percent sequentially in the third quarter, faster than the 0.1 percent rise in the second quarter. The rate was revised up from 0.3 percent estimated on October 28.

The expenditure-side breakdown showed that the growth was driven by household spending and gross fixed capital formation in machinery and equipment.

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