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The German economic performance remained in negative territory in the fourth quarter of 2021, even after the adjustments to reflect price and seasonal factors.
Source: Destatis
EWG is up 0.10% premarket.
Germany’s gross domestic product output compared with the previous quarter stood at -0.3% in the fourth quarter, an improvement from the earlier announced -0.7%. The adjustments take into account stabilizations in spending during the month.
Compared with the same period in the previous year, fourth-quarter economic output climbed by 1.8%, slower than the 2.8% in the third quarter but faster than the -1.9% in the last quarter of 2020.
Full-year 2021 price-adjusted economic output expanded by 2.9%, marking a rebound from the -4.9% recorded in 2020 as improvements were seen amid the relaxation of COVID-19 related restrictions imposed in the previous year.
The latest figures indicate that the German economic recovery came to a halt at the last three months of the year.
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