FRANKFURT: The German economy powered ahead in the third quarter, underpinning a recovery in the euro area.
Gross domestic product rose 0.8% in the July-September period after increasing 0.6% in the previous three months, the Federal Statistics Office in Wiesbaden said yesterday. That’s well above the 0.6% median estimate in a Bloomberg survey. Output increased expanded 2.8% from a year earlier when adjusted for working days.
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