Germany released the gross domestic product report for the third quarter in a final reading, where the non-seasonally adjusted annual index slowed to 2.5% from 3.0% recorded in the second quarter, in line with expectations.

The quarterly seasonally adjusted GDP expanded by 0.5% from the previous of 0.3%, in line with expectations. The annual working day adjusted GDP expanded by 2.6% from the previous of 2.9% recorded in the second quarter, in line with expectations.

In addition, the domestic demand expanded by 0.4% from the revised previous of 0.2% from 0.4%, worse than expectations of 0.5%. Furthermore, exports expanded by 2.5% from the revised prior of 2.8% from 2.3%, better than expectations of 1.6%.

On the other hand, the capital investment expanded by 0.9% from the revised previous of 0.4% from 0.3%, worse than expectations of 1.2%. In addition, the government spending expanded by 0.6% from the revised previous of 0.6% from 0.2%, better than expectations of 0.2%.

However, construction investment dropped by 0.7% from the revised previous drop of 0.4% from 0.9%, worse than expectations of 0.1% drop.

Imports also improved by 2.6% from the revised previous of 2.9% from the revised prior of 3.2%, more than expectations of 1.5%. In addition, the private consumption improved by 0.8% from the revised previous drop of 0.6% from 0.7%, better than the expected 0.5% expansion.