German economy expands by 0.2 per cent in Q3

The German economy continued to expand over the third quarter, down slightly from the second quarter numbers as the Eurozone’s largest economy felt the pinch from the debt crisis.

The German Federal Statistics Office confirmed this morning that GDP rose by 0.2 per cent in the third quarter, down from 0.3 per cent in the second.

Year on year, economic growth has slowed, said the statistics office. Adjusted GDP rose 0.4 per cent in the third quarter on an annual basis, down from 0.5 per cent over the previous three months.

Exports helped buoy the numbers, as they ticked up 1.4 per cent over the three months. Household and government spending rose 0.3 per cent and 0.4 per cent respectively.