The German economy continued its moderate growth at the end of 2016. As the Federal Statistical Office (Destatis) already reported in its first release of 14 February 2017, the gross domestic product (GDP) increased 0.4% - upon price, seasonal and calendar adjustment - in the fourth quarter of 2016 compared with the previous quarter. The economic situation in Germany in 2016 thus was characterised by solid and steady growth (+0.7% in the first quarter, +0.5% in the second quarter and +0.1% in the third quarter). For the whole year of 2016, this was an increase of 1.9% (calendar adjusted: +1.8%). The provisional annual GDP result released in January has been confirmed.