2/14, 8:02 AM (Source: TeleTrader)
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German GDP remains unchanged in Q4

German Gross Domestic Product (GDP), adjusted for price, seasonal and calendar variations remained virtually unchanged in the fourth quarter of 2018 compared to the previous three-month period, the country's statistical office Destatis said in a report released on Thursday. Adjusted for price fluctuations, the figure came in 0.9% higher month-on-month, while adjusted for price and calendar variations the GDP improved 0.6%. For the whole year of 2018, the GDP grew at a rate if 1.4%.

Positive contributions to the economic growth came mainly from domestic demand, with gross fixed capital formation rising significantly compared to the third quarter of the year. A slight improvement was observed in household final consumption expenditure, while general government final consumption expenditure went up markedly month-on-month. However, this was offset by negative contributions coming from foreign trade, with exports and imports of goods and services rising nearly at the same rate.

According to the report, 45.2 million persons were employed in the fourth quarter, an increase of 507,000, or 1.1% compared to a year ago.

Breaking the News / FH