Germany GDP slows in third quarter, as expected

ForexNewsNow | Published on November 23, 2010 at 3:19 am

forex forecast - German economic morale data dueNEW YORK (Forex News Now) – Germany’s GDP slowed in the third quarter, data showed on Tuesday in one of the day’s major realtime forex news events.

As expected, the country’s gross domestic product gained 0.7% when adjusted for seasonal swings, official data showed, down from growth of 2.3% in the second quarter.

Analysts had expected the figure of 0.7% based on a Nov. 12 estimate, major online FX trading news outlets reported.

Exports and investment drove the economic growth, the data showed.

Comments

Subscribe

Sign up for our Newsletter

Top Forex Brokers

CySEC/FSA Regulated
$5 Min. Deposit
Welcome bonus of $30
T&Cs apply
Social Trading
$50 Free Bonus
Old Broker
Own Trading Platform
US Traders
Social Trading

Binary Options Video