German Economy Returns to Growth in Q1
The German economy advanced a seasonally-adjusted 0.4 percent on quarter in the three months to March 2019, after showing no growth in the previous period and matching market expectations, a preliminary estimate showed.
5/15/2019 9:44:16 AM
Positive contributions mainly came from domestic demand, according to provisional calculations. In the first quarter of 2019, fixed capital formation in construction and in machinery and equipment increased considerably compared with the fourth quarter of 2018. Household final consumption expenditure, too, increased substantially on the previous quarter. However, government final consumption expenditure recorded a decline. There were mixed signals regarding foreign trade; both exports and imports increased compared with the previous quarter.
Year-on-year, the economy expanded a calendar-adjusted 0.7 percent in the first quarter, following a 0.6 percent growth in the previous three-month period and also in line with forecasts. On an unadjusted basis, the GDP rose by 0.6 percent, easing from a 0.9 percent increase in the December quarter.