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23 Feb 2016
German GDP left unrevised at 0.3% in Q4
The German Q4 GDP was unchanged on final reading, the Stats office said today, coming in line with expectation of 0.3% q/q and 1.3% y/y.
The rise in GDP was led by gains in domestic demand, with government spending up 1.0% on the quarter. German domestic demand rose 0.8% vs 0.5% expected. Exports dropped 0.6%, compared to the estimated drop of 0.3%. Meanwhile, imports rose 0.5%; which was higher than the expected figure of 0.3%.
The rise in GDP was led by gains in domestic demand, with government spending up 1.0% on the quarter. German domestic demand rose 0.8% vs 0.5% expected. Exports dropped 0.6%, compared to the estimated drop of 0.3%. Meanwhile, imports rose 0.5%; which was higher than the expected figure of 0.3%.