Disclaimer: The information provided on the Timber Exchange Market Data Hub is sourced from a variety of publicly available data sources and confidential sources that have not been independently verified. Timber Exchange is not responsible for any expenses, damages, losses, or costs incurred as a result of using or relying on the information provided on this site. By using the Timber Exchange Market Data Hub, you agree to use the information at your own risk and acknowledge that any decisions made based on the information provided are done so solely at your own risk.
German economy performed below expectations as it fell by 0.2% due to low consumer spending in Q4
Posted on February 3, 2023 |
In Q4, Germany's economy shrank by 0.2% compared with the previous 3-month period, which is worse than expected from Europe's biggest economy.
Since Q1 2021, the gross domestic product shrank for the first time due to a decline in consumer spending, which supported the economy in the first nine months of 2022.
The economy stagnated in the fourth quarter but Monday's announcement prompted it to revise last year's full-year growth figure down to 1.8% from 1.9%.