EuropeanNov 13 2015

German economy sees slowing growth

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German economy sees slowing growth

The German economy expanded 0.3 per cent in the third quarter of 2015, according to the latest figures from the Federal Statistics Office.

Gross domestic product (GDP) growth was down from 0.4 per cent in the second quarter but was in line with first quarter growth.

Household and government expenditure boosted the country’s GDP in the period but a “markedly larger” increase in imports than exports had a negative impact, it reported.

In the third quarter, there were 43.1m people in employment in Germany, 343,000 more than a year earlier.

Germany is not the only European country to have seen its economy grow in the third quarter as France’s GDP also increased by 0.3 per cent in the three months to September.

The latest figures confirm the country’s economy is growing again, having stalled in the second quarter of the year.