German issues growth updates for 2006-2009

, Comments 0 comments

Germany's national statistics office revised on Friday growth figures for the past four years to integrate data that became available recently.

The German economy, Europe's biggest, thus grew by 3.4 percent in 2006, compared with a previous figure of 3.2 percent, the Destatis office said in a statement.

Other growth revisions were 2.7 percent for 2007, up from 2.5 percent, and 1.0 percent in 2008, down from 1.3 percent.

In 2009, the German economy contracted by 4.7 percent, slightly better than the former figure of 4.9 percent but still the country's worst recession since World War II.

Destatis regularly publishes in August revised data for the four preceeding years, a spokesman told AFP.

The revisions are "carried out routinely to integrate newly available statistical information into the calculations," a statement added.

That allows Destatis to make a calculation that "is successively put on an ever better founded statistical data basis."

The fresh data includes updated information on corporate taxes and sales of gas and electricity for example, the spokesman said.

© 2010 AFP

0 Comments To This Article