The Limited Times

Now you can see non-English news...

German economy grew in the third quarter

2021-11-25T07:47:12.163Z

Compared to the second quarter, the gross domestic product increased by 1.7 percent in the third quarter. A first estimate was based on an increase of 1.8 percent.



Compared to the second quarter, the gross domestic product increased by 1.7 percent in the third quarter.

A first estimate was based on an increase of 1.8 percent.

Wiesbaden - The German economy grew somewhat weaker than initially assumed in the third quarter.

The gross domestic product rose in the period from July to the end of September by 1.7 percent compared to the previous quarter, as the Federal Statistical Office announced on.

also read

Skid marks in the industry - fewer orders than expected

When raw materials and intermediate products such as semiconductors are scarce, some companies do not place orders.

German industry is feeling this.

Skid marks in the industry - fewer orders than expected

The weak phase in German industry continues

Delivery bottlenecks and material shortages continue to burden German industry.

In September she will get the next damper.

Experts hope that things will get better soon.

The weak phase in German industry continues

Inflation remains high - 4.5 percent in October

Heating oil prices doubled, refueling by a third more expensive: Germany's consumers have to cope with significantly higher prices.

Inflation remains high - 4.5 percent in October

In a first estimate, the Wiesbaden authority assumed an increase of 1.8 percent.

Compared to the fourth quarter of 2019, i.e. the level before the Corona crisis, economic output was 1.1 percent lower.

Europe's largest economy was boosted by private consumption, which rose strongly by 6.2 percent.

Delivery bottlenecks, on the other hand, left their mark.

Exports and corporate investments in equipment such as machines fell compared to the previous quarter.

Economists expect the German economy to slow down significantly at the end of the year due to delivery bottlenecks and the worsening of the corona infection situation and will probably no longer grow in the fourth quarter.

dpa

Source: merkur

All news articles on 2021-11-25

You may like

News/Politics 2021-11-25T07:47:12.163Z
News/Politics 2021-09-09T06:48:09.749Z

Trends 24h

Latest

© Communities 2019 - Privacy