German gross domestic product shrank by a seasonally- and calendar-adjusted 0.2% in the fourth quarter of 2011 compared to the previous three months, the federal statistics office, Destatis, reported Wednesday
Compared to the final quarter of 2011, Europe's largest economy grew by 2%
Economists polled by Dow Jones Newswires had forecast German GDP to shrink by 0.3% on a quarterly basis and to expand 1.8% compared to the final quarter of 2010
France's statistics agency, Insee, reported GDP saw quarterly growth of 0.2% and expanded 1.7% compared to the final quarter of 2010.
Economists had expected French GDP to shrink 0.1% on a quarterly basis
Euro-zone fourth-quarter GDP data is set for release at 5 a.m. Eastern
No hay comentarios:
Publicar un comentario