German economy grows by 0.7% in third quarter: statistics

FRANKFURT: Germany's economy expanded by 0.7 per cent in the third quarter from the previous three-month period, provisional figures released by the national statistics office showed on Friday, slightly less than expected but nonetheless a confirmation that its recession is over.

The Destatis office also revised its initial estimate for the second quarter slightly higher, to growth of 0.4 per cent from 0.3 per cent previously.

Analysts polled by Dow Jones Newswires had expected quarterly growth of 0.8 percent for Europe's biggest economy.