Germany economy suffered investment slump at end of last year

The figures highlight the country’s protracted weakness

Germany relies on manufacturing for growth more than many other countries. Picture: Bloomberg

German output was dragged down by a slump in investment in the fourth quarter, putting Europe’s biggest economy on course for its first recession since the pandemic.

Gross domestic product shrank 0.3 per cent in the three months to the end of December, as initially estimated, the country’s statistics office said. Capital investment plunged by 1.9 per cent, while private consumption rose by 0.2 per cent and government spending advanced 0.3 per cent.

The data ...