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German economy shrank 0.1% in third quarter: official data

Europe's largest economy continued to battle high interest rates

30 October, 11:17

(ANSA-AFP) - FRANKFURT, OCT 30 - German output shrank in the third quarter, official data published Monday showed, as Europe's largest economy continued to battle high interest rates, elevated energy costs and a manufacturing slowdown.
    German output contracted by 0.1 percent quarter-on-quarter, federal statistics agency Destatis said in preliminary figures.
    Analysts surveyed by FactSet had expected a contraction of 0.2 percent. (ANSA-AFP).
   

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