Investments and exports drive German surge in the first quarter

Investments and exports drive German surge in the first quarter

The German economy stepped up its pace of surge to 0.6% during the first quarter of this year, underpinned by sound exports, soaring investments in machinery as well as buildings, not to mention decent spending by the state and households, as data disclosed on Tuesday.

Confirming a preliminary result for surge, the Federal Statistics Office announced that exports added 1.3% on the quarter and imports soared 0.4%, meaning net trade gained 0.4%.

Investment in construction went up 2.3% during the first quarter, which is the strongest soar in three years. It added up to 0.2% points to the overall surge. An ascending population, enhanced job security along with record-low interest rates are driving a property boom in the EU’s number one economy.

Investment in equipment and machinery inched up 1.2%, contributing 0.1% to the GDP surge rate. It’s undoubtedly a sign that German companies are pushing ahead with investments notwithstanding political risks clouding the surge outlook.

Similar

Canadian CPI

Inflation data is the most important indicator that affects the central bank’s monetary policy.

Popular

Asian shares tumble with Japan markets shut

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…

Greenback surges as yields soar

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…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera