The German economy expanded more than expected in the first quarter of 2012, data released by the Federal Statistical Office showed Tuesday on 15 May 2012.
Gross domestic product rose 0.5 percent from the prior quarter, when it fell 0.2 percent. Economists had expected only 0.1 percent growth for the first quarter.
The price adjusted GDP was up 1.7 percent annually, faster than the 1.5 percent expansion logged in the fourth quarter. Meanwhile, in calendar-adjusted terms, GDP growth slowed to 1.2 percent from 2 percent. Nonetheless, the annual increase exceeded the 0.8 percent consensus forecast.
Gross domestic product rose 0.5 percent from the prior quarter, when it fell 0.2 percent. Economists had expected only 0.1 percent growth for the first quarter.
The price adjusted GDP was up 1.7 percent annually, faster than the 1.5 percent expansion logged in the fourth quarter. Meanwhile, in calendar-adjusted terms, GDP growth slowed to 1.2 percent from 2 percent. Nonetheless, the annual increase exceeded the 0.8 percent consensus forecast.
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