The German economy expanded 0.5 percent quarter-on-quarter in the first quarter as estimated in the preliminary report, detailed report from the Federal Statistical Office showed Thursday.
The gross domestic product rose 0.5 percent from the prior quarter, when it fell 0.2 percent. Positive contributions came mainly from exports. In the first quarter, exports of goods and services to foreign countries increased a price-adjusted 1.7 percent on a quarterly basis.
The chain-linked, price adjusted GDP was up 1.7 percent annually, faster than the 1.5 percent expansion recoded in the fourth quarter.
In calendar-adjusted terms, annual GDP growth slowed to 1.2 percent from 2 percent in three months through December.
by RTT Staff Writer
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