Germany: GDP falls 0.6% in Q4, as expected

On a quarterly basis German GDP s.a. decreased 0.6% in Q4, compared with 0.2% growth registered the previous quarter, according to data released today by Destatis. This result is in line with market consensus.

Year-over-year GDP n.s.a. rose 0.1% in Q4, down from +0.4 in Q3. GDP w.d.a. increased 0.4%, following 0.9% growth.