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German Economy Beats Forecasts, Heads for Best Year Since 2011

  • Total output increased 0.8% in third quarter vs 0.6% estimate
  • Growth was especially driven by exports and investment
While Germany has long been an engine of expansion for the euro area thanks to robust domestic demand and striving exports, the rest of the region is finally catching up.

While Germany has long been an engine of expansion for the euro area thanks to robust domestic demand and striving exports, the rest of the region is finally catching up.

Photographer: Krisztian Bocsi/Bloomberg
Updated on

German growth steamed ahead in the third quarter, keeping Europe’s largest economy on track for its best year since 2011.

The 0.8 percent jump in gross domestic product was an acceleration from the previous three months and topped the 0.6 percent median forecast in a Bloomberg survey. The expansion was driven by exports and capital investment, and net trade made a positive contribution.