German economy grew 0.4% in the first quarter, helped by domestic demand

German economy grew 0.4% in the first quarter, helped by domestic demand
imageEconomic Indicators13 minutes ago (May 15, 2019 02:15AM ET)

(C) Reuters. FILE PHOTO: Construction workers are silhouetted while standing on scaffolding at the construction site of the new headquarters of the ECB during a guided media tour in Frankfurt

BERLIN (Reuters) – The German economy got off to a solid start in 2019 returning to growth in the first quarter, helped by higher household spending and booming construction, preliminary data showed on Wednesday.

Gross domestic product (GDP) in Europe’s largest economy expanded by 0.4% quarter-on-quarter, the Federal Statistics Office said. This was in line with analysts’ expectations.

Compared with the same quarter of the previous year, the economy grew by 0.7% from January to March, calendar-adjusted data showed. This was also in line with the forecast.

German economy grew 0.4% in the first quarter, helped by domestic demand

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.