Germany GDP was flat in Q4, below expectation of 0.1% qoq. For the year of 2019, the economy grew 0.6%, both price and seasonally adjusted.

Statistisches Bundesamt said there were “mixed signals” regarding domestic demand. Both final consumption expenditure of both households and government “slowed down markedly” after a strong Q3. On the other hand, trends “diverged” for fixed capital formation. Foreign trade slowed down the economy, with exports slightly down on the quarter while import increased.

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