German GDP rise 0.6pc in Q1

Dhaka,  Thu,  24 August 2017
Published : 12 May 2017, 12:38:32

German economy grew by 0.6pc in first quarter of 2017

German GDP rise 0.6pc in Q1
The German economy grew by 0.6 per cent in the first quarter of 2017, driven by higher investment in construction, machinery and equipment, robust household and state spending as well as strong exports, the Federal Statistics Office said on Friday.

The gross domestic product (GDP) growth figure for the first three months of the year was in line with the consensus forecast in a Reuters poll.

Unadjusted data showed the fourth-largest economy grew by 1.7 per cent on the year in the first quarter, also in line with the consensus forecast.

The quarterly growth rate for the fourth quarter was confirmed at 0.4 per cent, according to Reuters.
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