(Seoul=Yonhap Infomax) Ji Yeon Kim – Germany’s economy stagnated in the third quarter, with growth coming in flat compared to the previous quarter.


On the 25th, Germany’s Federal Statistical Office announced that seasonally adjusted real gross domestic product (GDP) for the third quarter was unchanged from the previous quarter, confirming the flash estimate of 0% growth and matching market expectations.


On a year-on-year basis, seasonally adjusted GDP rose 0.3% in the third quarter, also in line with the preliminary figure.


The statistics office noted, “While sluggish exports weighed on economic activity in the third quarter, capital investment saw a slight increase.”


The euro’s reaction to the GDP release was muted. As of 16:16 local time, the euro-dollar exchange rate was unchanged from the previous session at $1.15220.


jykim@yna.co.kr


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