HomeLive CommentsGermany GDP grew 8.2% qoq in Q3, still -4.2% below pre-pandemic level

Germany GDP grew 8.2% qoq in Q3, still -4.2% below pre-pandemic level

Germany GDP grew 8.2% qoq in Q3, above expectation of 7.3% qoq. But that’s not enough to recovery the -9.7% qoq contraction in Q2. Also, when compared with Q4 of 2019, before the pandemic, GDP was still -4.2% lower.

Destatis said “growth was based on higher final consumption expenditure of households, higher capital formation in machinery and equipment and a sharp increase in exports.”

Full release here.

Released too, retail sales dropped -2.2% mom in September, below expectation of -0.5% mom.

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