Germany: Quarterly GDP falls 0.6% in Q4

According to preliminary data released by Destatis on Thursday German GDP s.a. fell 0.6% in the fourth quarter of 2012, compared with the 0.2% increase in the previous quarter. Analysts expected slightly less contraction of 0.5%.

On an annual basis German GDP n.s.a. rose 0.1% in Q4, down from +0.4 in Q3 and below projections of 0.2% growth. GDP w.d.a. increased 0.4%, following +0.9%.