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- Germany Gross Domestic Product Rises in First Quarter
Germany Gross Domestic Product Rises in First Quarter
The Statistisches
Bundesamt Deutschland reported that Germany’s gross domestic product (GDP) for
the first quarter of 2019 saw an increase of 0.4 percent compared to the fourth
quarter of 2018.
The last quarter of
2018 saw GDP at 0.0 percent and this jump to 0.4 percent mainly came from
domestic demand, according to the report. So far this year, Germany has also
seen a rise in gross fixed capital formation in machinery and equipment by 1.2
percent as compared to the last four months of 2018. Household final
consumption expenditure rose by 1.2 percent, such a strong increase was last
seen in the German market in 2011.
Exports of good and
services also saw an increase of 1.5 percent. Labour productivity was down 0.8
percent and “On
the production side of the gross domestic product, the price adjusted gross
value added was higher in the first quarter of 2019 than a year earlier in all
economic sectors, with the exception of manufacturing (-2.4 percent).”
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