+0.5% Q/Q, +2.0% Y/Y, at the top end of forecasts (median +0.3%), though 2Q revised down to +0.2% from +0.3%. 3Q growth was led by very strong private consumption (+1.2% Q/Q) and government spending (+0.8%), while investment rose only slightly (+0.1%). Inventories declined more than in 2Q, subtracting from 3Q GDP, while net exports were flat. A sharp contrast to the weak German GDP reported Thursday. However, unclear given decline in consumer confidence and rising unemployment whether consumer spending will hold up in period ahead.