German economic growth slows in Q3

Frankfurt: German economic growth slowed in the third quarter, after record expansion in the second, as the cooling global recovery crimped export demand.

Gross domestic product, adjusted for seasonal effects, rose 0.7% from the second quarter, when it surged an upwardly revised 2.3%, the Federal Statistics Office in Wiesbaden said.

Economists predicted the economy would expand 0.8%, the median of 37 estimates in a Bloomberg News survey shows. Separately, France said GDP rose 0.4% in the third quarter after a 0.7% gain in the second.