BRUSSELS (dpa-AFX) - The German economy expanded more than expected in the third quarter, flash data from Destatis revealed Friday.
Gross domestic product grew 0.2 percent from a quarter ago, which was faster than the 0.3 percent expansion posted in the second quarter. Economists had forecast a quarterly growth of 0.1 percent.
On a yearly basis, calendar-adjusted GDP logged an annual growth of 1.2 percent after rising 1.0 percent in the preceding period. GDP was forecast to grow 1.1 percent.
Likewise, price-adjusted GDP growth improved to 1.3 percent from 1.0 percent.
Destatis said final consumption expenditure increased slightly compared with the previous quarter. By contrast, the provisional figures indicated a decline in capital formation.
The very dynamic trend in exports seen in the first half of the year slowed noticeably in the third quarter, said Destatis.
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