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German GDP slumps 0.6 per cent in Q4



The German economy shrank in the last three months of 2012, with a plunge in exports driving the contraction.

Seasonally adjusted data from the Federal Statistics Office confirmed an earlier flash estimate showing that German GDP fell by a more-than-expected 0.6 per cent in the last quarter of the year.

It marks the biggest fall since the economy contracted by 4.1 per cent at the start of 2009.

Foreign trade deducted 0.8 per cent from GDP while domestic demand added 0.2 per cent.

The data showed that exports dropped by two per cent in the fourth quarter while imports fell by 0.6 per cent, boding ill for struggling Eurozone states that had hoped to offload more of their goods on Germany, where rising wages, high employment and moderate inflation have boosted domestic demand.

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12 Restaurant 2 KO International Ltd 22 Jermyn St Hotel 7r Peabody Avenue
A Asciak A Company The London Regiment A D A S A For Architect
A J F Stebbings A L E C S Ltd A M & M Campbell A M Beale
A McCullock A McLaren A P Hampson A R P London Desk
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Acker Deboeck & Co Action 2000 Adam Searle Adamhill Ltd
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AEA Technology Aeromar (Mexico) Aerosur Bolivia AgenCy McKeague-Green The
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Amar International Charitable Foundation Amas (UK) Ltd Amcal Financial Services Ltd American Classics
Anderson Associates Andrew Dismore MP (Lab) Andrew George MP (LDem) Andrew Palmer & Associates
Andrew Smith Andy Reed M P Angela Browning MP (Con) Angela Eagle
Angela Smith MP (Lab) Anglo Portugese Society Angus Steak House Animals In Medicines Research Information Centre
Ann MacGregor Ann Widdecombe MP, Rt Hon (Con) Annie Bulmer Travel Ansaldo Energia
Anthony Steen MP (Con) Antonella APCOA Parking Ltd Arcadia Ltd
Archie Norman MP (Con) Arlingtons Sharmans Solicitors Armenian Airlines Arngrove Properties Ltd
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AT & T Capital Ltd Auberge De Provence Audrey Wise Augsburg (Germany)
Aurelia International Ltd Automotive Engineer Aviary The Azagury