Germany: Annual GDP grows 1.1% in Q3

FXstreet.com (Barcelona) - On an annual basis German GDP w.d.a. increased 1.1% in Q3, following a 0.5% rise registered the previous quarter, according to data released today by Destatis. This result is in line with forecasts.

On a quarterly basis Q3 GDP s.a. edged up 0.3%, following 0.7% growth in Q2, as expected.

Year-over-year GDP n.s.a. edged up 1.1% in Q3, compared with +0.9% in Q2.