German economy grows 0.4 per cent in Q1

الأربعاء 1440/9/10 هـ الموافق 2019/05/15 م واس


Frankfurt, May 15, 2019, SPA — Germany’s economy grew by 0.4 per cent in the first three months of 2019 compared to the previous quarter, dpa reported.
Strong private consumer spending and a booming construction industry saw Europe’s largest economy grow again, the Federal Statistical Office said on Wednesday based on provisional data, after gross domestic product (GDP) shrank in the third quarter and stagnated in the final quarter of 2018.
The German government and leading economic institutes scaled back their 2019 growth forecasts earlier this year. Berlin currently anticipates an increase of 0.5 per cent in the country’s GDP this year, revised down from 1 per cent.
–SPA
13:42 LOCAL TIME 10:42 GMT
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