Home

 
India Bullion iPhone Application
  Quick Links
Currency Futures Trading

MCX Strategy

Precious Metals Trading

IBCRR

Forex Brokers

Technicals

Precious Metals Trading

Economic Data

Commodity Futures Trading

Fixes

Live Forex Charts

Charts

World Gold Prices

Reports

Forex COMEX India

Contact Us

Chat

Bullion Trading Bullion Converter
 

$ Price :

 
 

Rupee :

 
 

Price in RS :

 
 
Specification
  More Links
Forex NCDEX India

Contracts

Live Gold Prices

Price Quotes

Gold Bullion Trading

Research

Forex MCX India

Partnerships

Gold Commodities

Holidays

Forex Currency Trading

Libor

Indian Currency

Advertisement

 
MSN:German economy grew 0.2 percent in third quarter: data
 
Germany's economy grew a mere 0.2 percent in the July to September period compared to the previous quarter, according to provisional data published by federal statistics office Destatis.

The figures were in line with expectations. Analysts surveyed by Dow Jones Newswires had expected Germany to register growth of 0.2 percent.

Destatis offered no detailed breakdown of the figures but recent data have suggested that Germany, until now largely immune from the crisis, is increasingly feeling the pinch.

The statistics office did however say that the positive drivers of the economy "came from abroad" with exports outpacing imports.

Domestically, private and public consumption appeared to have held up, as did construction, but investments were down.

Unlike most of its recession-wracked partners in the 17-nation eurozone, Germany has until now escaped the worst effects of the three-year crisis that has threatened to tear the bloc apart.

It registered relatively healthy growth of 0.5 percent in the first quarter of the year, dipping to 0.3 percent in the second.

But analysts have warned for some time that demand for Germany's all-important exports -- most of which go to fellow European countries -- must eventually dry up as the crisis bites.

"The negative data seen in recent weeks and months seen in recent weeks and months could very well lead to negative growth" in the fourth quarter, said analysts at Natixis Bank.
Source