Stock Groups

German household spending drives weaker-than-expected Q3 growth -Breaking

by Mike Robinson

[ad_1]

© Reuters. FILEPHOTO: A group of people are seen shopping at the Rhein Center in Weil am Rhein (Germany), June 15, 2020, after the re-opening the borders. REUTERS/Arnd Wiegmann

BERLIN, (Reuters) – The sole reason for a slower-than-expected third-quarter economic expansion was German household consumption, which more than offset a decline in investments by companies and increased state consumption in the summer months.

According to the Federal Statistics Office, Europe’s biggest economy saw a 1.7% increase in gross domestic product quarter-on-quarter. This was in adjusted terms between July and September. This was below the flash estimate of 1.8% that was published last month.

Disclaimer: Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs include stocks, indexes and futures. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this website’s data including quotes, charts, or buy/sell signal information. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.

[ad_2]