The German economy expanded less than forecast in the first quarter of 2013, preliminary figures released by the Federal Statistical Office showed Wednesday.
The gross domestic product grew 0.1 percent quarter-on-quarter in the first quarter, after adjustment for price, seasonal and calendar variations. This was weaker than forecast for a 0.3 percent growth.
Meanwhile, the statistical office revised down the GDP figure for the fourth quarter of 2012 to show a contraction of 0.7 percent compared with an originally estimated 0.6 percent shrinkage.
On a calender adjusted basis, GDP fell 0.2 percent year-on-year in the first three months of this year. This compares with forecast of 0.2 percent growth. At the same time, the unadjusted GDP fell 1.4 percent year-on-year.
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