Growth slows in Germany, France logs surprise contraction

|By:, SA News Editor

Germany Q3 GDP (Q/Q): +0.3% versus +0.3% expected and 0.7% previous.

France Q3 GDP (Q/Q): -0.1% versus +0.1% expected and +0.5% previous.

"We knew the third would be close to flat," France's finance minister Pierre Moscovici says, adding that the country's economy should still record a modest expansion for the year.

In Germany, "exports showed little dynamism" during the quarter, the country's statistics office laments. Domestic demand was decent however, with private consumption and public spending both edging higher. For the year, Germany sees GDP growing 0.5%.

Germany ETFs - Stocks: FGM, EWG, GERJ, EWGS, DBGR. Bonds: BUNL, BUNT, BUND, GGOV

France ETFs - EWQ