The Danish economy grew slightly faster than estimated initially in the first quarter of 2012, revised data from Statistics Denmark showed Friday.
The gross domestic product (GDP) increased a seasonally and calendar-adjusted 0.4 percent quarter-over-quarter in the first quarter, compared to the previously estimated 0.3 percent growth.
In the fourth quarter of 2011, GDP fell 0.4 percent and in the third quarter, the national output was down 0.1 percent.
Private consumption and government spending rose 0.3 percent each on a quarterly basis in the first quarter, while investment surged 3.9 percent. Total domestic demand was up 1.5 percent.
On the other hand, exports fell 0.6 percent reflecting weak demand from Europe. Imports, nonetheless, grew 1.3 percent.
On an annual basis, GDP rose 0.3 percent in the three-month period, instead of the 0.2 percent growth reported earlier.
by RTT Staff Writer
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