Germany’s economy stalled in the fourth quarter, the German statistics office Destatis said Friday.
The country 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 increased 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.
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