German GDP growth accelerated in the first quarter – Investing.com Spain

BERLIN (Reuters) – The Gross Domestic Product (GDP) German more than doubled its growth rate in the first quarter of 2016 by increasing public spending and households, while that increased investment in construction and capital goods offset the slowdown in external demand, according to preliminary data released Friday.

the German economy grew 0.7 percent quarter on quarter in the first three months of 2016 compared with an increase of 0.3 percent in the previous quarter, said the Federal Statistics Office.

a survey by Reuters pointed to a rise of GDP 0, 6 percent in the first quarter.

According to non-seasonally adjusted, the German economy grew 1.3 percent in the first quarter, reaching two tenths below forecasts Reuters poll.

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