November 14, 2019 / 9:08 AM / a month ago

German economic growth remains weak in third quarter - Economy Ministry

FILE PHOTO: Aerial view of containers at a loading terminal in the port of Hamburg, Germany August 1, 2018. REUTERS/Fabian Bimmer/File Photo

BERLIN (Reuters) - German economic growth remained weak in the third quarter and there are no signs of recovery, Economy Ministry said on Thursday, adding that German companies were not expecting an upturn in exports in the coming months.

“The indicators do not signal a recovery, but business climate indicators send a first ray of hope,” the ministry said in its monthly report.

The German economy escaped a recession in the third quarter as consumers, state spending and construction drove a 0.1% quarterly expansion, preliminary data showed on Thursday.

Reporting by Riham Alkousaa; Editing by Michael Nienaber

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