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Germany's economy stagnated in fourth quarter

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Christian Fernsby ▼ | February 14, 2020
Germany's economy stalled in the fourth quarter, the German statistics office Destatis said today.
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Economy in Germany   German factory
The country's gross domestic product remained flat at 0.0% compared with the previous quarter, according to Destatis.

Topics: Germany economy

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.