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After a lull, the German economy is growing again. In particular, the construction boom and the purchase desire of the consumer to drive growth in the first quarter. However, it is a threat.
mainly from the construction boom and the purchase desire of consumers, the German economy grew at the beginning of the year. Gross domestic product rose in the first quarter of 2019 compared to the previous quarter by 0.4 percent, as the Federal Statistical office informs. The Wiesbaden-based Agency confirmed to first data.
consumers are in a buying moodThe consumer due to the historically good position on the labour market and increased income in a buying mood. Consumption expenditure rose by 1.2 per cent compared to the previous quarter. A similar strong Plus gave it to the last in 2011, said the authority. The construction investment increased by 1.9 per cent, the sector benefited from the relatively mild Winter.
The growth and also increased business investment in machinery and other equipment contributed. The demand from abroad grew. Exports of Goods and services climbed more than imports. The consumption expenditure of General government, including social benefits and salaries of the employees, however, decreased. International trade conflicts are a burden on the export-oriented German economy. The consumption expenditure of General government, including social benefits and salaries of employees, were in decline.
