German economy expands on fastest investment growth in two years

Mild winter weather encouraged construction

24th May, 2016
German capital investment rose by 1.8 per cent in the first quarter

Record-low unemployment in Germany is underpinning consumer demand, while companies are benefiting from a cyclical recovery in the 19-nation euro area driven by European Central Bank stimulus. The Bundesbank has expressed confidence that the country’s economy can retain its underlying strength, even though expansion will slow somewhat this quarter.

“Growth was broad-based, with private consumption and construction investment shouldering a great share,” Johannes Gareis, an economist at Natixis in Frankfurt, said before the...

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