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 Posted: Mon 20:16, 28 Oct 2013 Post subject: German's GDP gained 0.7 percent April through June |
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German's GDP gained 0.7 percent April through June
BERLIN,[url=http://www.gmcmaroc.com/]ghd hair straighteners[/url], Aug. 23 () -- Germany's economic recovery is gathering strength after a slow start this year, the government's data office said Friday.The Federal Statistical Office known as Destatis said private and government spending pushed the second-quarter gross domestic product gain of 0.7 percent.Gerrmany's economy was flat in 2012, growing less than 0.1 percent on average per quarter. The final quarter of the year had a decline of 0.5 percent and the first quarter of 2013 left the GDP unchanged.In the second quarter,[url=http://www.omgfund.com/]michael kors outlet store[/url], domestic spending rose,[url=http://www.homactus.com]Cheap Dr Dre Beats[/url], with gains of 0.5 percent in consumer spending and 0.6 percent in government spending.Fixed capital formation, which refers to capital expenses, rose 0.9 percent. The category was paced by gross fixed capital formation in construction, which rose 2.6 percent due to weather related pent-up demand,[url=http://www.wa7788.com/]Louboutin Outlet[/url], the data agency said.Exports also contributed to the quarterly gain. Exports April through June rose 2.2 percent. Imports rose at a slower 2 percent pace, the office said.
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