Germany Sees Unexpected Growth in 3rd Quarter; Inflation Up

Germany Sees Unexpected Growth in 3rd Quarter; Inflation Up
Cars and containers are pictured at the 'duisport logport' logistics center at the river Rhine in Duisburg, Germany, on Oct. 28, 2022. Michael Sohn/AP Photo
The Associated Press
Updated:

BERLIN—The German economy grew in the third quarter, an unexpectedly positive performance powered largely by private spending, official figures showed Friday. But the immediate outlook for Europe’s biggest economy remained gloomy, with inflation rising again in October.

Gross domestic product expanded by 0.3 percent in the July-September period compared with the previous quarter, the Federal Statistical Office said. That followed a slight increase of 0.1 percent in the second quarter.