German trade bolsters economic growth as investment declines

New figures show German GDP rose by 0.4% in the second quarter

24th August, 2016
German exports surged in the second quarter while imports dropped

Net trade contributed 0.6 percentage point to growth, with exports rising 1.2 per cent and imports falling 0.1 per cent, the Federal Statistics Office in Wiesbaden said. Private and government spending also bolstered output. Gross domestic product rose a seasonally-adjusted 0.4 per cent in the three months through June, in line with an August 12 estimate.

“Private consumption should remain an important growth driver on the back of low inflation, low interest rates, low unemployment and higher wages,” said Carsten...

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