The German economy rebounded in the first quarter after narrowly avoiding recession late last year, led by a strong rise in household consumption and a booming construction sector, the Federal Statistical Office said Thursday.
Germany's gross domestic product--the broadest measure of goods and services produced in an economy--expanded 0.4% in the three months through March from the previous quarter, which equals an annualized growth rate of 1.7%.
The statistics body said that private consumption surged 1.2% from the fourth quarter, whereas government consumption declined 0.3% after a strong rise in the previous quarter.
Investments picked up, led by a 1.9% rise in construction spending in the three months through March.
Source: Marketwatch
RELATED NEWS
Australia 4Q Trimmed Mean CPI Rises 0.4% Q/Q; Est. 0.4% Gain
Wednesday, 29 January 2020 07:47 WIBAustralia, like much of the developed world, has struggled to rekindle inflation as wages stagnate and intensified competition keeps prices in check. The central bank focuses on core inflation, a combination of the trimmed mean and weighted median gauges, that smooths out sharp fluctuations. The st...
US consumer confidence jumps in January to 131.6, vs 128 expected
Tuesday, 28 January 2020 22:13 WIBConsumer confidence in the U.S. grew more than expected in January as the outlook around the labor market improved, data released Tuesday by The Conference Board showed. The Board™s consumer confidence index rose to 131.6 this month from 126.5 in December. Economists polled by Dow Jones expected ...
German IFO Business Climate Index Disappoints With 95.9 in Jan, EUR/USD Hits Fresh Lows
Monday, 27 January 2020 16:41 WIBThe headline German IFO Business Climate Index came in at 95.9 in January, weaker than last month's 96.3 and missing the consensus estimates pointing to a reading of 97.0. Meanwhile, the Current Economic Assessment arrived at 99.7 points in the reported month as compared to last month's 98.8 and 99...
BOE Rate Cut in Doubt Amid Signs of Post-Election Growth Bounce
Friday, 24 January 2020 16:43 WIBA closely watched measure of U.K. economic activity surged to the highest since 2018 in January, undercutting the case for a Bank of England interest-rate cut next week. IHS Markit's flash index for output across the whole economy jumped to 52.4 as firms cited reduced political uncertainty in the w...
Germany Starts to Shake Off Slump With Better Start to 2020
Friday, 24 January 2020 15:49 WIBGermany economy took a big step to putting the horrors of 2019 behind it, opening the new year with a pickup in activity and business confidence. IHS Markit's composite Purchasing Managers' Index rose to a five-month high of 51.1 in January, beating forecasts for a reading of 50.5. While manufactur...
Gold Jumps as Investors Seek a Haven Amid Growing Virus Fears
Gold Hits 3-Week High, on Course to Reclaiming $1,600 Perch
Gold Snaps 4-Day Rise as Markets Take Breather From Virus
Dollar Advance Kept in Check by Yen Amid Safe-Haven Rush
Gold Climbs to 2-Week High as Virus Fears Spark Safety Buying
Dollar in Demand Ahead of Federal Reserve Pronouncement
Wednesday, 29 January 2020 15:52 WIB
The U.S. dollar remained largely the currency of choice in early trading in Europe Wednesday, boosted by signs of a strengthening economy ahead of the latest meeting of the Federal Reserve.
At 03:15 ET (0815 GMT), the US Dollar Index Futures,...