German household spending drives weaker-than-expected Q3 growth
BERLIN, Nov 25 (Reuters) - German household spending was the sole driver of a weaker-than-expected economic expansion in the third quarter, more than offsetting a drop in company investments and state consumption over the summer months, detailed data showed on Thursday.
Gross domestic product in Europe's largest economy grew by 1.7% quarter-on-quarter in adjusted terms from July to September, the Federal Statistics Office said. That fell short of a flash estimate of 1.8% published last month. (Reporting by Michael Nienaber, Editing by Maria Sheahan)
