Germany's Economy Stagnated in 4Q

Date : 02/14/2020 @ 7:54AM
Source : Dow Jones News

Germany's Economy Stagnated in 4Q

   By Maria Martinez 
 

Germany's economy stalled in the fourth quarter, the German statistics office Destatis said Friday.

The country's gross domestic product remained flat at 0.0% compared with the previous quarter, according to Destatis. This is below economists' expectations of a 0.1% expansion in The Wall Street Journal's survey.

Weak manufacturing-orders and industrial-production data in December had raised fears that the economy stagnated or even contracted in 4Q.

The agency, however, also revised data for the third-quarter of 2019. Following the revision, Germany's GDP increased 0.2% in the period, compared with a first estimate of a 0.1% rise.

GDP grew 0.4% on year in the fourth quarter on a calendar and price-adjusted basis, Destatis said, in line with a Wall Street Journal poll of economists.

 

Write to Maria Martinez at maria.martinez@wsj.com

 

(END) Dow Jones Newswires

February 14, 2020 02:39 ET (07:39 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.


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