Germany preliminary fourth Quarter GDP Reading

By @ibtimes on

Germany's GDP preliminary fourth quarter reading was released showing worse than expected expansion throughout the three months ending December 31, 2010.

Seasonally adjusted quarterly growth in Germany witnessed an expansion of 0.4 percent, compared with 0.7 percent a quarter earlier, while the not seasonally adjusted yearly GDP reading, rose by 4.0 percent, compared with the previous expansion of 3.9 percent and the expected 4.1 percent.

Moreover, the working day adjusted yearly GDP estimate rose by 4.0 percent, higher than the previous 3.9 percent expansion while below the expected 4.1 percent.

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