German economic growth slowed by weak construction

The German economy’s return to growth in the first quarter was hampered by weakness in construction activity and investment as the severe winter and recession in Europe undermined demand.

24th May, 2013
German economy hampered by severe weather

The German economy’s return to growth in the first quarter was hampered by weakness in construction activity and investment as the severe winter and recession in Europe undermined demand.

Construction fell 2.1 percent from the fourth quarter and capital investment dropped 1.5 percent, the Federal Statistics Office in Wiesbaden said today.

Gross domestic product increased 0.1 percent. From a year earlier, the economy shrank 0.2 percent when adjusted for working days.

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