German GDP Growth Beats Forecasts

The German economy advanced a seasonally-adjusted 0.7 percent in the last three months of 2014, faster than a 0.1 percent growth in the previous period boosted by households consumption, investment and exports.

According to flash estimates from the statistical office, positive contributions were made by domestic demand, as households markedly increased their final consumption expenditure again. A positive development was also observed for fixed capital formation which was up on the third quarter of 2014 in machinery and equipment and especially in construction. Exports of goods and services increased considerably again while imports also rose to a similar extent.

Year-on-year, the GDP expanded by 1.6 percent, compared to 1.2 percent growth in the third quarter of 2014.

For full year of 2014, the economy grew by 1.6 percent, slightly higher than a 1.5 percent estimate in January.

German GDP Growth Beats Forecasts

Destatis l Rida Husna l
2/13/2015 8:47:28 AM