Destatis has improved its fourth quarter German GDP growth estimate

By: Trademagazin editor Date: 2021. 02. 24. 11:05

Destatis has improved its fourth-quarter GDP growth data for Germany from its first estimate in the second estimate released by the German federal statistical office Destatis on Wednesday.

In the fourth quarter of 2020, German gross domestic product (GDP) grew by 0.3 percent both season and calendar effect adjusted, compared to the previous quarter. Compared to a year before, GDP fell 2.7 percent and was 3.7 percent lower calendar effect adjusted. (MTI)