| Click for the Finfacts Ireland Portal Homepage |

Finfacts Business News Centre

 Irish Economy
 EU Economy
 US Economy
 UK Economy
 Global Economy
 Asia Economy

Finfacts changes from 2015


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.


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


Finfacts Homepage

Irish Share Prices

Euribor Daily Rates

Global Cost of Living

Irish Tax - Income/Corporate




Content Management by interactivetools.com.

News : EU Economy Last Updated: Feb 20, 2015 - 9:33 AM

German growth accelerated in Q4 2014; French GDP growth fell
By Michael Hennigan, Finfacts founder and editor
Feb 13, 2015 - 7:09 AM

Email this article
 Printer friendly page

German economic output growth accelerated in Q4 2014 but French GDP growth just managed to stay above the stagnation level. The German economy gained momentum towards the end of 2014, according to Destatis, the federal statistics office. In the fourth quarter of 2014, the gross domestic product (GDP) rose 0.7% on the third quarter of 2014 after adjustment for price, seasonal and calendar variations.

Following a strong start into the year (+0.8% in the first quarter) and the subsequent period of weakness last summer (–0.1% in the second, and +0.1% in the third quarter), the economic situation stabilised towards the end of the year. Destatis also reports that this has led to a +1.6% increase (also when calendar-adjusted) for the whole year of 2014, which is slightly higher than the provisional result released in January.

In a quarter-on-quarter comparison (adjusted for price, seasonal and calendar variations), positive contributions were made mainly by domestic demand. Especially households markedly increased their final consumption expenditure again. A positive development was also observed for fixed capital formation which was up on the third quarter of 2014 in machinery and equipment and especially in construction. Also, exports of goods and services increased considerably again, according to provisional calculations; however, imports rose a similar extent.

In a year-on-year comparison, economic growth accelerated slightly since summer. The price-adjusted GDP in the fourth quarter of 2014 rose by +1.6%, following increases of +1.2% in the third quarter of 2014 and of +1.0% in the second quarter of 2014.

The statistical carry-over effect of 2014 is +0.5%. This is the rate of GDP change which would be obtained for 2015 if the seasonally and calendar-adjusted GDP remained at the level of the fourth quarter of 2014 for the entire year.

The economic performance in the fourth quarter of 2014 was achieved by 43.0m persons in employment, which was an increase of 412,000, or 1.0%, on a year earlier.

Analysis: Germany world's top surplus economy; UK tops deficit ranks

According to France's INSEE (Institut National de la Statistique et des Études Économiques), in Q4 2014, GDP in volume terms increased by 0.1%. Over the year, GDP rose by 0.4% as in 2013.

Household consumption expenditure increased slightly by the end of the year (+0.2% after +0.3% in Q3 2014). Conversely, total gross fixed capital formation (GFCF) fell  (–0.5% after –0.6%). Thus, final domestic demand (excluding inventory changes) rose slightly and contributed for +0.1 points to GDP after +0.2 points in Q3. Exports accelerated markedly in Q4 (+2.3% after +0.7%), while imports kept on increasing (+1.7% after +1.3%). Ultimately, foreign trade balance contributed positively to activity: +0.1 points after –0.2 points. Conversely, changes in inventories contributed for –0.2 points, after +0.3 points the previous quarter.

GDP rose by 0.4% in 2014 — at the same level as 2003.

Related Articles

© Copyright 2015 by Finfacts.ie

Top of Page

EU Economy
Latest Headlines
Spain's strong recovery to slow in the next few years
Italy's Mezzogiorno is Achilles' heel of Euro Area - lowest birth rate since 1862
Euro Area GDP grows at weak 0.3% in Q2 2015
German GDP up 0.4% in Q2 2015; France's GDP stagnates
Germany's Surplus: Lots of critics; Credible solutions scarce
Euro Area industrial production dips in June and May after a flat April
Greece faces two years of recession according to EU officials
High EU youth unemployment rate not as bad as it seems
Eurozone retail PMI surges to highest since January 2011
ECB monetary policy still tight for Southern Europe
German exports fell in June — surplus at record; Exports up 13.7% year-on-year
Eurozone manufacturing sector continued to expand in July
Weak euro unlikely to have significant impact on Euro Area growth
Is Euro Area Ireland's top trading partner?: EU28 is overwhelmingly UK's
German car firms boost exports from Spain, UK, Portugal, Czech Republic, Slovakia, Hungary and Romania
Flash Eurozone manufacturing/ services PMI close to four-year high despite Greek crisis
Krugman calls euro a Roach Motel; Hotel California gets 1-star grade
Greece & Euro Crisis: July 2015 articles from Finfacts
Greece and other poor countries in Euro Area will not become rich
Euro Area manufacturing/ services PMI hits four-year high in June
Western European car market: Recovery continues
Greece could become a failed state like Venezuela
Multinational companies pay on average 30% less tax than domestic competitors in EU
EU's list of 30 tax havens omits the biggest 4 in Europe
China to invest in Juncker's European investment fund
Greek talks collapse; Game theorists gambling with future — Germany's vice-chancellor
German exports and industrial production in strong rises in April
Tackling Inequality: Scandinavian countries have the most successful welfare systems in Europe
Eurozone unemployment fell by 130,000 in April 2015 — down 849,000 in 12 months
Eurozone service sector business activity slowed during May
German 2015 GDP forecast cut; Jobless level at 24-year low
Eurozone manufacturing in modest acceleration in May
FDI into Europe at record in 2014; UK on top: Germany location for future investment
Eurozone economy loses growth momentum; Jobs growth rises
Athens leak suggests Juncker has plan for Greece
Draghi will not end QE early but warns of risks
Eurozone grows faster than US and UK in Q1 2015
German GDP at slower pace, France faster in Q1 2015
Germany may cut income tax; Germans still shun risky investments
Germany had record exports and imports in March 2015