| Click for the Finfacts Ireland Portal Homepage |

Finfacts Business News Centre

Home 
 
 News
 Irish
 Irish Economy
 EU Economy
 US Economy
 UK Economy
 Global Economy
 International
 Property
 Innovation
 
 Analysis/Comment
 
 Asia Economy

RSS FEED


How to use our RSS feed

Follow Finfacts on Twitter

 
Web Finfacts

See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when Interactive Tools upgraded to a new content management system.

Welcome

Finfacts is Ireland's leading business information site and you are in its business news section.

Links

Finfacts Homepage

Irish Share Prices

Euribor Daily Rates

Irish Economy

Global Income Per Capita

Global Cost of Living

Irish Tax - Income/Corporate

Global News

Bloomberg News

CNN Money

Cnet Tech News

Newspapers

Irish Independent

Irish Times

Irish Examiner

New York Times

Financial Times

Technology News

 

Feedback

 

Content Management by interactivetools.com.

News : EU Economy Last Updated: Feb 14, 2013 - 8:45 AM


German economy shrank in Q4 2012; France's GDP growth was zero in 2012
By Finfacts Team
Feb 14, 2013 - 8:40 AM

Email this article
 Printer friendly page

The German economy shrank in the fourth quarter of 2012: compared with the previous quarter with the gross domestic product ( GDP) declining –0.6% after seasonal adjustments. The German economy grew in the first three quarters of 2012 (by +0.5%, 0.3% and 0.2%). Destatis, the federal statistic office, also  reported an increase of +0.7% for the whole of 2012. French GDP also shrank in the final quarter, –0.3%, after +0.1% rise  the previous quarter. Over the year, French GDP growth was zero in 2012, after +1.7% in 2011.

Compared with a year earlier, German GDP in the fourth quarter of 2012 was 0.1% higher than in the fourth quarter of 2011.

In a quarter-on-quarter comparison (adjusted for price, seasonal and calendar variations), indicators from the domestic market were mixed according to provisional calculations: household and government final consumption expenditure went up slightly. In contrast, gross fixed capital formation in construction decreased a bit and gross fixed capital formation in machinery and equipment was down markedly on the third quarter of 2012. The decline of the GDP at the end of 2012 was mainly due to the comparably weak German foreign trade: in the final quarter of 2012, exports of goods went down much more than imports of goods.

The economic performance in the fourth quarter of 2012 was achieved by 41.9 million persons in employment, which was an increase of 320,000 persons or 0.8% on a year earlier. 

INSEE, France's national statistics office, said households’ consumption expenditure slightly increased at the end of the year (+0.2% after +0.3%). Their growth was offset by a fall (–1.0% after –0.5%) in fixed capital investment. Total domestic demand (excluding inventory changes) was neutral on GDP evolution (after +0.1 point). Exports in Q4 (–0.6% after +0.7%) and imports‘ fell (–0.8% after –0.5%). The foreign trade balance contributed again positively to GDP growth in Q4 : +0.1 point after +0.3 point the previous quarter. Changes in inventories continued to weigh down on GDP growth in Q4: –0.4 point, after –0.3 point the previous quarter.

Check out our subscription service, Finfacts Premium , at a low annual charge of €25 - - if you are a regular user of Finfacts, 50 euro cent a week is hardly a huge ask to support the service.

Related Articles


© Copyright 2011 by Finfacts.com

Top of Page

EU Economy
Latest Headlines
FDI into western Europe declined between March and May 2014
Eurozone annual inflation stable at 0.5% in June - down from 1.6% in 2013
Eurozone construction activity fell in May
Eurozone is recovering; Deep-seated obstacles to growth remain says IMF
German economic sentiment fell for seventh straight time in July 2014
Industrial production down by 1.1% in Eurozone and EU28 in May
French industrial production plummeted in May
Germany's exports, imports and industrial production fell in May
European industrialist urges ECB to tackle “crazy” strength of euro
Eurozone retail sales PMI flat in June as falls in France and Italy offset German gains
European Central Bank keeps rates unchanged
Business activity in the Eurozone service sector eased in June
France and Italy need to cut unit labour costs by 15% and 20% to match Spain and Slovenia
European Union and Switzerland bury "the hatchet" on corporate taxes
Eurozone unemployment at 11.6% in May; Lowest: Austria 4.7%, Germany 5.1%; highest: Greece 26.8%
Eurozone manufacturing output losing momentum; June regional easing, dips in France and Greece
Eurozone annual inflation at weak 0.5% in May; German retail sales fell in month
Eurozone's money supply and private credit slightly improved in May
Centenary of gunshots that ended 43 years of fragile European peace
US real consumer spending falls for second month in May
German consumer sentiment at highest in more than seven years
German Ifo business confidence index dipped in June
Eurozone growth weakest since December despite strengthening "periphery"
Irish prices 18% above EU average in 2013 despite lone fall in 2008-2012
German investor sentiment dipped to 18-month low in June
Debt-challenged Eurozone facing long period of low growth
Eurozone industrial production rebounded in April
Germany's goods exports grew strongly in April; French exports fell
Draghi announces extraordinary measures to head off deflation/ raise growth prospects
ECB cuts benchmark rate to 0.15% and deposit rate to -0.10%; Bank of England keeps rates on hold
Eurozone retail sales PMI was stagnant in May; Official data shows rise in April
ECB to act; German Bund yields near lowest since 1815 Battle of Waterloo
Eurozone unemployment fell slightly in April: Lowest in Austria at 4.9%, highest in Greece at 26.5%
Eurozone annual inflation falls to 0.5% in May
Eurozone manufacturing PMI falls as France contracts; Eases in Germany, Italy, Greece
Germany, UK and France are Europe's most popular locations for FDI
German consumer confidence positive and stable heading into June
German business confidence dropped in May
Germany's Schäuble opposes ECB's OMT bond-buying program
Eurozone manufacturing/ services PMI down slightly but still ahead of official data