Germany’s Final GDP expands 0.4% QoQ in Q3

The German economy expanded by 0.4% on the quarter in the three months to September of 2022 vs. 0.3% prior, the final revision confirmed on Friday. The reading came in above the market consensus of 0.3%.

On an annualized basis, Europe’s economic powerhouse’s GDP grew 1.3% in Q3 2022 vs. 1.2% booked in Q2 while beating 1.2% estimates.

Meanwhile, Germany’s GDP rate w.d.a arrived at 1.2% YoY in Q3 vs. 1.1% expected and 1.1% previous.