According to data released by the German Federal Statistical Office on Monday, the German economy contracted by 0 in 2023..3%, while the previous year's figures were revised to an increase of 1.8%。

Latest data in line with market consensus。

Throughout the year, persistently high inflation and rising interest rates throughout the year weighed on German domestic and international economic activity and demand.。

Output in Germany's industrial sector fell by 2% in 2023, mainly dragged down by a sharp drop in production in the energy supply sector.。

The country's manufacturing output has fallen by 0 in the past year..4%, due to a sharp decline in the automotive industry and other vehicle manufacturing。

At the same time, service sector growth slowed, with decelerations in all major areas。Output in the field of information and communication grew by 2.6% compared to 5% growth in 2022; business services grew 0% in 2023.3%, compared to an increase of 2% in 2022.6%。

Euro up slightly against dollar on day 0.07%, EUR / USD traded at 1.0956。