German Q3 GDP Rebound Confirmed

22 Kasım 2019

Germany's gross domestic product advanced a seasonally-adjusted 0.1 percent on quarter in the three months to September 2019, unrevised from the preliminary estimate and rebounding from a 0.2 percent fall in the previous period. Net external demand contributed positively to the GDP supported by a rebound in exports, while both household consumption and government spending increased faster. The largest positive contributions came from net foreign trade (0.5 percentage points), while both household consumption and government spending added 0.2 percentage points, respectively. Meantime, gross fixed capital formation was neutral, while changes in inventories substracted 0.7 percentage points.

Year-on-year, the economy grew a calendar-adjusted 0.5 percent in the September quarter, after a 0.3 percent advance in the previous three-month period. On an unadjusted basis, the economy expanded by 1.0 percent.

Source:  Tradingeconomics
Post by : Republic of Turkey Ministry of Trade