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HomeGerman Economy Contracts 0.1% In Third Quarter Amid Higher Inflation, Slowdown In Manufacturing Sector

Economy

German Economy Contracts 0.1% In Third Quarter Amid Higher Inflation, Slowdown In Manufacturing Sector

Monday 30th October 2023

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Germany’s gross domestic product (GDP) contracted by 0.1% in the third quarter over the previous quarter, official preliminary data showed. It was better than analysts' expectation of a 0.2% contraction as Europe's top economy endures higher inflation and a slowdown in its manufacturing sector.