Free Trial

German GDP Beats Flash, Market Estimates

GERMAN DATA
MNI (London)
  • German GDP was revised upwards, with the final print for Q4 2021 at -0.3% q/q compared to -0.7% q/q in the flash print.
  • The fourth Covid wave resulted in partial lockdown measures for the German economy, which had significant effects on demand.
  • Services contracted by -0.9% q/q largely due to pandemic restrictions particually affecting the unvaccinated population.
  • Household consumption dipped -1.8% q/q, whilst Government consumption expenditure grew +1.0% q/q.
  • Exports increased +4.8% q/q.
  • GDP increased +1.8% Y/Y in Q4, however, compared to pre-pandemic Q4 2019 German GDP was 1.1% weaker.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.