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European Shares Slide On Growth Worries

(RTTNews) - European stocks fell slightly in cautious trade on Thursday after China reported unexpectedly weak data, with both industrial output and retail sales growth coming in below estimates. Weak data from Japan and Australia also added to signs of weak overall economic growth.

Closer home, Germany's economy expanded modestly in the third quarter supported by consumption and, thus avoided entering a widely expected technical recession.

Gross domestic product grew a seasonally and calendar adjusted 0.1 percent from the previous three months, provisional data from the statistical office Destatis showed, defying economists' expectations for a 0.1 percent decline.

The contraction in the second quarter was revised to 0.2 percent from 0.1 percent.

The pan European Stoxx 600 was down 0.15 percent at 405.24 after declining 0.3 percent in the previous session.
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