German Growth Led by Domestic Demand as Investment Climbs

German economic growth was driven exclusively by domestic demand in the third quarter as investment and construction offset an export slowdown.

Capital investment rose 1.6 percent in the three months through September from the prior quarter and construction increased 2.4 percent, the Federal Statistics Office in Wiesbaden said today. The expansion in gross domestic product slowed to 0.3 percent from 0.7 percent, it said, confirming a Nov. 14 estimate.