TV News

German economy books strong finish to 2017

FRANKFURT AM MAIN: Europe’s largest economy Germany expanded 0.6 percent between October and December, official data showed Wednesday, highlighting the country’s economic strength as politicians struggle to form a government.
The figure follows up growth of 0.9 percent in the first quarter of 2017, 0.6 percent in the second, and 0.7 percent in the third — all adjusted for price, seasonal and calendar effects.
Combined, the quarterly results add up to 2.2-percent expansion over the full year, the fastest rate since 2011.
Wednesday’s data confirmed a preliminary estimate of full-year growth Destatis released in January.
The final three months of the year saw exports contribute more strongly to growth than they had between July and September.
Meanwhile, private consumption remained roughly flat quarter-on-quarter, while government spending increased.
Investments in capital goods increased, while construction spending fell back.
“Looking ahead, the same fundamentals which have…

Source link

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular

Top trending Movie, TV and entertainment news as it happens from around the web.

Copyright © 2017 Niche Site Studio, a Barron Media Group Company

To Top