Germany’s economy stagnated within the fourth quarter

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…

Germany’s economy stagnated within the fourth quarter

Germany’s economy stalled within the fourth quarter, the German statistics place of job Destatis acknowledged Friday.

The country’s fallacious home product remained flat at 0.0% compared with the old quarter, in accordance with Destatis. Here’s beneath economists’ expectations of a 0.1% enlargement in The Wall Avenue Journal’s place a query to.

Susceptible manufacturing-orders and industrial-manufacturing knowledge in December had raised fears that the economy stagnated and even contracted in 4Q.

The company, alternatively, also revised knowledge for the third-quarter of 2019. Following the revision, Germany’s GDP elevated 0.2% within the interval, compared with a first estimate of a 0.1% upward push.

GDP grew 0.4% on year within the fourth quarter on a calendar and price-adjusted basis, Destatis acknowledged, basically based totally on a Wall Avenue Journal pollof economists.

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

 

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