The German economy recorded 0.2% contraction in the fourth quarter compared to estimates of 0.3% contraction, while the prior reading of 0.5% was upwardly revised to 0.6%. The year on year reading (non seasonally adjusted) showed 1.5% expansion, below forecasts of 1.8% and the revised reading of 2.6% which was 2.5% initially. The annual working day adjusted reading exceeded forecasts of 1.9% as it came in at 2.0%, where the prior reading of 2.6% was revised up to 2.7%.