German financial system stagnates in fourth quarter on weaker consumption

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A employee on the Siemens gasoline turbine manufacturing facility on January 8, 2010 in Berlin, Germany.

Sean Gallup | Getty Pictures

The German financial system stagnated within the fourth quarter as each non-public consumption and state spending misplaced momentum, preliminary information confirmed on Friday.

On the 12 months, gross home product in Europe’s largest financial system expanded by 0.4% from October by December after a 0.6% enlargement within the earlier three months, seasonally adjusted figures from the Federal Statistics Workplace confirmed.

Analysts polled by Reuters had anticipated a 0.1% enlargement quarter-on-quarter and a 0.4% enlargement year-on-year in seasonally adjusted phrases.

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Posted

December 22, 2021

News

Diana Wells

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