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German economy grew by 0.2% in third quarter

BY Reuters | ECONOMIC | 10/30/24 05:03 AM EDT

BERLIN, Oct 30 (Reuters) - Germany's gross domestic product unexpectedly grew by 0.2% in the third quarter compared with the previous three-month period, preliminary data from the statistics office showed on Wednesday.

Analysts polled by Reuters had forecast a 0.1% quarter-on-quarter decrease in adjusted terms.

The statistics office provides more detailed data on its website. (Reporting by Rachel More and Maria Martinez, Editing by Friederike Heine)

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

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