Mumbai, Nov. 25 -- The German economy stagnated in the third quarter as growth in investment was offset by the weakness in exports, revised data from Destatis showed on Tuesday.
The statistical office Destatis confirmed that gross domestic product remained unchanged on a quarterly basis, following a decline of 0.2 percent in the second quarter.
The expenditure-side of GDP showed that gross fixed capital formation increased 0.3 percent, following the decline in the previous quarter. Investment in equipment, primarily machinery, tools and vehicles grew 1.1 percent from a quarter ago. On the other hand, construction investment fell 0.5 percent.
Overall consumption remained flat in the third quarter. Private consumption declined 0.3 percent,...