German economy beats expectations with 0.4% growth in Q3

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BERLIN (Reuters) – The German economy grew slightly more in the third quarter than preliminary figures suggested, bolstered by consumer spending, data showed on Friday.

Europe’s largest economy grew by 0.4% quarter on quarter and 1.3% on the year, adjusted for price and calendar effects, the federal statistics office said.

Analysts polled by Reuters had expected the economy to grow by 0.3% in the third quarter on quarter.

(Reporting by Miranda Murray; Editing by Maria Sheahan)

Source: KFGO


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