November 23, 2018 / 7:20 AM / 20 days ago

Weaker exports drove German GDP contraction in Q3 - stats office

BERLIN, Nov 23 (Reuters) - Weaker exports were the primary driver behind Germany’s first quarterly economic contraction since 2015, detailed data showed on Friday, confirming a preliminary negative reading of 0.2 percent in the third quarter.

The Federal Statistics Office said exports fell 0.9 percent on the quarter while imports rose 1.3 percent, which resulted in net trade deducting 1.0 percentage point from growth.

Reporting by Andrea Shalal; editing by Thomas Seythal

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