(MENAFN- AFP) The German economy, Europe's biggest, will continue to grow moderately in the final quarter of this year, the economy ministry predicted on Wednesday.
"The German economy is continuing along its path of moderate growth," the ministry wrote in its regular monthly report.
Gross domestic product (GDP) grew by 0.3 percent in the period from July to September, slower than the 0.7 percent seen in the previous quarter due to sluggish exports.
Recent data for October have also been mixed, with industrial output and orders falling short of expectations.
"As a result the drop in output in the manufacturing sector in October, only moderate growth can be expected for the final quarter of this year," the ministry said.
It insisted that "overall, the general conditions for an upturn driven by domestic demand have improved further.
"Nevertheless, substantial risks remain, primarily from the foreign trade environment," the ministry added.
A preliminary estimate for fourth-quarter GDP will not be published until mid-February.
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