India, Feb. 25 -- The German economy contracted in the fourth quarter, in line with estimate, as the sharp decline in exports offset the improvement in consumption.
Gross domestic product declined 0.2 percent from a quarter ago, reversing a 0.1 percent sequential growth in the third quarter, detailed report from Destatis showed on Tuesday. The figures matched the estimate published on January 30.
On a yearly basis, GDP dropped by calendar-adjusted 0.2 percent, as estimated, after falling 0.3 percent a quarter ago.
Price-adjusted GDP was down 0.4 percent year-on-year in the fourth quarter, in contrast to the 0.1 percent growth logged each in the preceding two quarters.
The breakdown of GDP showed that exports declined the most since the ...