Economic Buzz: German Economy Expands In Q3

28 Oct 2022 , 03:11 PM

Germanys economy grew by 0.3 percent on quarter in the three months to September 2022, following a meager 0.1 percent expansion in the previous period, a preliminary estimate showed. Private consumption expenditure was the only driver of growth, even as Europes largest economy struggles with surging energy prices, supply chain interruptions, weakening external demand, and the war in Ukraine. On a yearly basis, German GDP advanced by 1.2 percent in the third quarter. Powered by Commodity Insights