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German Q4 GDP contracts by 0.2 per cent

German Q4 GDP contracts by 0.2 per cent

24 February 2012 09:03 (UTC +04:00)

Baku - APA-Economics. German gross domestic product contracted by 0.2 percent in the final three months of last year on sagging trade and private consumption, after growing 0.6 percent in the third quarter, the Federal Statistics Office said on Friday.

The seasonally adjusted data, which confirmed an earlier flash estimate, showed exports dropping 0.8 percent in the fourth quarter after growing 2.6 percent in the previous three months.

Trade subtracted 0.3 percentage points from overall gross domestic product, while private consumption deducted 0.1 percentage points.

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