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Destatis released its final gross domestic product (GDP) growth for Germany on Tuesday. Germany's final GDP gained by 0.3% in the third quarter, in line with the preliminary reading, after a 0.4% increase in the second quarter.
The increase was driven by domestic final consumption expenditure. Household consumption expenditure rose by 0.6% in the third quarter, while government spending increased by 1.3%.
Exports of goods and services were up 0.2% in third quarter, while imports climbed 1.1%.
On a yearly basis, Germany's final GDP rose to 1.8% in the third quarter from 1.6% in the second quarter, in line with the preliminary reading.
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