German economy stagnates with no growth in last quarter - business live

Rolling coverage of the latest economic and financial news, including the latest eurozone growth figures

Breaking: German GDP flatlined in October-December

7.45am GMT

2019 was not a great year for Germany.

Today’s GDP report shows that the economy grew by 0.5% in January-March, only to shrink by 0.2% in April-June. Growth picked up by 0.2% in July-September, before fizzling out in the last quarter.

7.20am GMT

Good morning, and welcome to our rolling coverage of the world economy, the financial market, the eurozone and business.

Newsflash: Germany’s economy is flatlining, as a slowdown in spending and exports wipes out growth.

Ouch! German economy stagnated in the fourth quarter. German 4Q GDP Adj 0.0% QoQ. pic.twitter.com/oo5CXFxnvH

After a very strong third quarter, the final consumption expenditure of both households and government slowed down markedly. Trends diverged for fixed capital formation.

While gross fixed capital formation in machinery and equipment was down considerably compared to the third quarter, fixed capital formation in construction and other fixed assets continued to increase.

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