13 Feb 2015
German economy gained momentum in Q4 2014
FXStreet (Mumbai) - The preliminary Q4 2014 German GDP data released today by the Federal Statistical Office (Destatis) showed the economy expanded 1.6% year-on-year, beating the estimate of 1.0% growth, and considerably higher from the previous growth rate of 1.2%.
The GDP rose 0.7% on the third quarter of 2014. The economy had expanded 0.8% in Q1, followed by a decline of 0.1% in Q2 and marginal growth rate of 0.1% in Q3. For the whole year 2014, the economy expanded by 1.6%, which is even slightly higher than the provisional result released in January.
The Q4 economic performance led to a 1% year-on-year rise or an increase of 412K in the number of persons employed. Meanwhile, In a quarter-on-quarter comparison (adjusted for price, seasonal and calendar variations), positive contributions were made mainly by domestic demand.
The GDP rose 0.7% on the third quarter of 2014. The economy had expanded 0.8% in Q1, followed by a decline of 0.1% in Q2 and marginal growth rate of 0.1% in Q3. For the whole year 2014, the economy expanded by 1.6%, which is even slightly higher than the provisional result released in January.
The Q4 economic performance led to a 1% year-on-year rise or an increase of 412K in the number of persons employed. Meanwhile, In a quarter-on-quarter comparison (adjusted for price, seasonal and calendar variations), positive contributions were made mainly by domestic demand.