German Economy Contracts on Weak Foreign Trade, Auto Bottleneck

German Economy Contracts on Weak Foreign Trade, Auto Bottleneck
A construction site is pictured near the Hauptbahnhof main train station in Berlin, Germany, on July 11, 2018. Fabrizio Bensch/Reuters
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BERLIN—Germany’s economy contracted for the first time since 2015 in the third quarter as global trade disputes and problems in the auto industry put the traditional growth engine of exports into reverse, raising concerns that a long expansion is faltering.

Gross domestic product (GDP) in Europe’s biggest economy fell 0.2 percent quarter-on-quarter, the Federal Statistics Office said on Nov. 14. That compared with a Reuters forecast of a 0.1 percent drop.