Germany’s economic growth in the final three months of last year was largely driven by overseas trade, according to official statistics.
The German economy grew by 0.4% in the quarter compared with the third quarter, the German statistics agency said, confirming its earlier estimate.
Foreign trade drove the increase, accounting for 1.1 percentage points of the rise in gross domestic product.
However, weak domestic demand cut 0.7 percentage points from the figure.
The balance of exports and imports was the “key economic engine in the period”, the statistics office said.
Despite the weak domestic demand at the end of last year, economists said they now expected it to pick up.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.