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Gross domestic product in the 3rd quarter of 2023 down 0.1% on the previous quarter
The gross domestic product (GDP) fell slightly by 0.1% in the third quarter of 2023 compared with the second quarter of 2023 after adjustment for price, seasonal and calendar variations. In the second quarter of 2023, economic performance had increased slightly (+0.1%, revised), after stagnating in the first quarter of 2023 (revised).The Federal Statistical Office (Destatis) also reports that household final consumption expenditure, in particular, was lower. Positive contributions, by contrast, came from gross fixed capital formation in machinery and equipment.GDP in the third quarter of 2023 was down a price ... (full story)