In the first quarter, GDP expanded a seasonally and working-day adjusted 0.5% over the previous quarter, which contrasted the 0.2% drop observed in the fourth quarter and overshot market expectations that predicted a 0.1% expansion. Compared to the same period last year, GDP grew 1.7% in Q1 2012, slightly faster than the 1.5% expansion observed in Q4 2011. The stronger-than-expected outturn reflected an improvement in the external sector, while domestic demand remained subdued. Private consumption swung from a 0.2% contraction in Q4 to a 0.4% expansion in Q1, while government consumption increased only 0.2% (Q4 2011: +0.6% quarter-on-quarter). On the other hand, gross fixed investment contracted 1.1% in Q1, virtually offsetting the 1.1% gain tallied in the fourth quarter. Exports of goods and services grew 1.7% in the first quarter, which contrasted the 1.5% contraction seen in the fourth quarter. Growth in imports remained unchanged, which followed on the 0.8% drop recorded in Q4. Consequently, the external sector's net contribution to overall economic growth swung from minus 0.4 percentage points in the fourth quarter to plus 0.9 percentage points in the first. The government expects the economy to expand 0.7% this year, before accelerating to 1.3% in 2013. Meanwhile, the Bundesbank anticipates the economy to grow 0.6% this year and 1.8% in 2013.
GDP growth bounces back in first quarter
May 24, 2012
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Germany Economic News
October 10, 2016
The seasonally- and calendar-adjusted trade surplus increased from EUR 19.4 billion in July to EUR 22.2 billion in August, driven up by recovering exports.
October 7, 2016
In August, industrial production rose 2.5% from the previous month in seasonally-adjusted terms, in contrast to July’s large 1.6% drop, which had been the lowest reading in nearly two years.
September 29, 2016
Consumer prices in September rose 0.1% in a month-on-month comparison, according to preliminary data released by the Federal Statistics Office (Destatis) on 29 September.
September 28, 2016
Heading into October, the mood among German consumers weakened slightly but still stayed at a high level.
September 26, 2016
German businesses turned much more optimistic in September.