German GDP Rises in 3Q, Avoiding Recession
14 November 2019 - 7:05PM
Dow Jones News
By Maria Martinez
Germany's economy grew in the third quarter, avoiding a
recession, according to a first estimate published Thursday by the
Federal Statistical Office, Destatis.
Germany's gross domestic product increased by an adjusted 0.1%
from the previous quarter, according to Destatis. This is better
than economists' expectations of a 0.1% contraction in The Wall
Street Journal's survey.
The agency, however, also revised the second-quarter data.
Following the revision, Germany's GDP decreased 0.2% in the second
quarter of 2019, compared with a first estimate of a 0.1%
decline.
GDP grew 0.5% on year in the third quarter on a calendar and
price-adjusted basis, Destatis said, in line with a Wall Street
Journal poll of economists.
Recent indicators have sent mixed signals on the German economy,
with improvements in manufacturing orders but weak data on
industrial production, which had its fifth consecutive quarterly
contraction.
Write to Maria Martinez at maria.martinez@wsj.com
(END) Dow Jones Newswires
November 14, 2019 02:50 ET (07:50 GMT)
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