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losangelesnewstoday.com June 22, 2017


Germany posts 0.6 percent Q1 GDP growth

13 May 2017, 12:38 | Maryann Sutton

German economy expands strongly in Q1: official data 

German economy expands strongly in Q1 official data

First-quarter GDP growth was at 0.6 per cent, this is faster than the October-December figure of 2016 which sat at 0.4 per cent.

The office says households and general government also increased their consumption expenditures slightly at the beginning of the year.

Looking ahead, Germany could surprise observers with even faster growth over the rest of the year, said analyst Florian Hense of Berenberg bank. This should continue to be the case because employment continues to reach record levels and the era of very low wage settlements is long over. Also, the German consumer price inflation (CPI) for the month of April, came in line with anticipations but was defied by market participants.

Fear that trade barriers could spring up with Britain, one of Europe's largest economies and a key trading partner for Germany, meant that Brexit sapped the confidence of businesspeople, investors and consumers alike.

Could Manchester United's Going All in on Europa League Backfire?
We have four games left that we need to approach in the same way as today. "Today, no problem. They had a couple of chances in the first half but so did we and ours were the big chances.

That was roughly the same growth rate as in the third and fourth quarters of 2016. Preliminary data are due next Tuesday.

Germany's gross domestic product grew at a quarterly clip of 0.6%, or 2.4% in annualized terms, the Destatis statistics office said Friday.

The steady creation of new jobs, nearly exclusively in services, since the second quarter of 2015, is gradually helping heal France's labour market after huge job losses during the financial crisis.



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