Germany'S Q3 Economy Has Grown Unexpectedly, Avoiding The Fate Of Recession.

The official data of Germany (2019) in November 14th showed that the third quarter of the economy showed some slight growth, but did not shrink as predicted for the second consecutive quarter. Although the German economy has escaped the fate of the recession, the alarm against the impact of the trade war has not yet been lifted.

The German Federal Statistical Office (Destatis) pointed out that Germany's gross domestic product (GDP) in the third quarter grew by 0.1% over the previous quarter, which is 0.1% higher than that of FactSet analysts.

In addition, the Federal Bureau of statistics also revised the first half of the year. The second quarter economy shrank by 0.2%, which was 0.1% lower than the previous one, and 0.5% in the first quarter, which is 0.1 percentage points higher than the original report.

The German Federal Statistical Office said private households increased spending in the third quarter, while national spending and construction also supported growth. Exports and construction are expanding, but investment in new equipment is not as good as last season.

Germany's third quarter economy has grown slightly, avoiding the technical recession that has been shrinking for the two consecutive quarter. But market analysts are still going downhill on the German economy's turn for the better in the coming months.

Jens- Oliver Niklasch, an analyst at LBBW, Baden, Germany, said the third quarter growth was a "heavy but pleasant surprise". (Jens-) "