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Germany's Q4 Growth Confirmed At 0.3%

Germany's economic growth remained stable in the fourth quarter, a detailed report from Destatis showed Tuesday.

Gross domestic product grew 0.3 percent from the third quarter, when it rose at the same pace. The sequential growth rate matched preliminary estimate.

On a calendar-adjusted basis, GDP increased 1.3 percent year-on-year following a 1.7 percent expansion in the previous quarter.

The unadjusted GDP grew 2.1 percent annually in the fourth quarter, after 1.7 percent increase in the previous three months. The statistical office confirmed the annual growth figures for the fourth quarter.

For the whole year of 2015, GDP climbed 1.7 percent from last year as estimated.

On the expenditure-side, household spending growth halved to 0.3 percent from 0.6 percent, while government spending growth doubled to 1 percent from 0.5 percent.

Investment climbed 2.4 percent after expanding 0.5 percent a quarter ago.

Exports logged a 0.6 percent drop following prior quarter's 0.3 percent increase. At the same time, imports gained 0.5 percent versus 1.1 percent rise in third quarter.

Consequently, the balance of exports and imports of goods and services had a negative effect of 0.5 percentage points on GDP growth.

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