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The German economy gained speed during the first quarter of 2017, powered by higher investment in machinery, construction and equipment, sturdy household as well as state spending, not to mention strong exports, as the Federal Statistics Office disclosed on Friday.
On the quarter in the January-March period Europe's number one economy add by 0.6% after 0.4% for the last three months of 2016, as the data disclosed.
It turned to be in line with the consensus forecast in a Reuters survey as well as the strongest quarterly surge rate since the first quarter of the previous year, when the German economy managed to expand by 0.7%.
Private households and the state ones moderately stepped up their consumption expenditures at the beginning of 2017.
On the year, Germany’s GDP tacked on by 1.7% on a seasonally unadjusted basis during the first quarter, and it was in line with the consensus prediction.
On Thursday, American leader Donald Trump unveiled that he generally disliked the Fed’s decision to have interest rates lifted, telling that he was concerned about their probable impact on the American economy as well as American competitiveness…
Inflation data is the most important indicator that affects the central bank’s monetary policy.
Although yesterday the US dollar index closed at the low level comparing to the daily movement, today it has been moving up again.
In February, Japan's exports probably ascended at the fastest pace for two years due to a softer yen as well as improving global demand, as a Reuters survey showed on Friday…
On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…
On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…
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