Berlinto the Decline in exports and weakening investment after the Brexit vote is about half of German growth in the third quarter. Gross domestic product grew between July and September by 0.2 percent quarter-on-quarter, confirmed by the Federal Statistical office on Thursday an earlier estimate. In the spring, it was still 0.4 per cent, to the beginning of the year even 0.7 percent. “The German economic growth to lose momentum”, said the statistician.
the exports of Goods and services decreases due to the weakening of the global economy, by 0.4 percent, resulted in a. On the other, were in the company due to the uncertain Sales Outlook and the uncertainty after the Brexit vote of the British 0.6 percent less money in machines, vehicles and other capital goods. For buildings, in contrast, 0.3 percent more were issued. Saved to the recovery of the purchase-happy consumers, their spending was boosted by 0.4 percent.
How’s the economy in the Euro-Zone
record employment, higher wages and low Inflation raise currently in the buying mood. Government consumption increased by 1.0 percent, mainly due to the expenditure for meals and accommodation of refugees.
Many experts expect the final quarter with more growth. The Markit-Institut is holding a Plus of 0.5 percent would be possible. For 2016, the German government expects growth of 1.8%, which is expected to slow by 2017 to 1.4 percent.