"/>

Germany's GDP growth rate reduces by half in Q1

Source: Xinhua    2018-05-24 18:30:33

BERLIN, May 24 (Xinhua) -- German economic growth was reduced by half in the first three months on weak trade and falling government spending, data from the Federal Statistical Office showed on Thursday.

According to the figures, German gross domestic product (GDP) grew by 0.3 percent in the first quarter compared to the previous one.

It was only half of the quarter-on-quarter growth of 0.6 percent in Q4 2017 and marked the weakest growth since Q3 2016.

Still, it's the 15th quarter-on-quarter growth in a row, contributing to the longest upswing phase since 1991.

In the reported quarter, German exports of goods and services were down 1.0 percent compared to the last quarter of 2017, registering the first decrease since Q3 2016. Imports decreased by 1.1 percent, marking the first drop since Q2 2016.

The balance of exports and imports had a downward effect with a 0.1 percentage points drop on economic growth.

Positive contributions came from domestic demand. The gross fixed capital formation in machinery and equipment rose 1.2 percent in the fourth quarter of 2017 and gross fixed capital formation in construction soared by 2.1 percent.

Also, household final consumption expenditures increased slightly by 0.4 percent. Government final consumption expenditures, however, decreased for the first time in almost five years by 0.5 percent, which also had a downward effect on GDP growth.

Year-on-year, the German economy grew by a calendar-adjusted 2.3 percent in the first quarter.

The latest GDP data added to signals that showed the growing momentum of the Europe's largest economy is coming to an end.

Editor: Li Xia
Related News
Xinhuanet

Germany's GDP growth rate reduces by half in Q1

Source: Xinhua 2018-05-24 18:30:33

BERLIN, May 24 (Xinhua) -- German economic growth was reduced by half in the first three months on weak trade and falling government spending, data from the Federal Statistical Office showed on Thursday.

According to the figures, German gross domestic product (GDP) grew by 0.3 percent in the first quarter compared to the previous one.

It was only half of the quarter-on-quarter growth of 0.6 percent in Q4 2017 and marked the weakest growth since Q3 2016.

Still, it's the 15th quarter-on-quarter growth in a row, contributing to the longest upswing phase since 1991.

In the reported quarter, German exports of goods and services were down 1.0 percent compared to the last quarter of 2017, registering the first decrease since Q3 2016. Imports decreased by 1.1 percent, marking the first drop since Q2 2016.

The balance of exports and imports had a downward effect with a 0.1 percentage points drop on economic growth.

Positive contributions came from domestic demand. The gross fixed capital formation in machinery and equipment rose 1.2 percent in the fourth quarter of 2017 and gross fixed capital formation in construction soared by 2.1 percent.

Also, household final consumption expenditures increased slightly by 0.4 percent. Government final consumption expenditures, however, decreased for the first time in almost five years by 0.5 percent, which also had a downward effect on GDP growth.

Year-on-year, the German economy grew by a calendar-adjusted 2.3 percent in the first quarter.

The latest GDP data added to signals that showed the growing momentum of the Europe's largest economy is coming to an end.

[Editor: huaxia]
010020070750000000000000011100001372036621
国产无码在线观看免费在线,37pao国产成视频,日韩一区二区视频在线,国产国产人免费人成免费视频麻豆
依人青青青在线观看视频 | 中文字幕日韩综合网 | 亚洲欧美日韩v在线观看不卡 | 亚洲男人在线天堂2019香蕉 | 中文字幕在线免费观看一区 | 天天影视综合网色综合国产 |