Germany Economy Excelled in the First Quarter of the Year

For the first quarter of 2017, the German economy is performing well, pushed by construction investment, machinery and equipment including strong household, exports and state spending according to the Federal Statistics Office. The private household and state expenditures increased slightly higher at the start of the year.

The nation grew by 0.6 percent in the first quarter higher than the 0.4 percent from October to December in 2016. For the year, the GDP rose by 1.7 percent based on a seasonally adjusted first quarter that the expectations of the forecast.

The positive data describes the broad-based strength of the German economy compared to other countries. At the same time, this also supports Chancellor Angela Merkel standing prior to Sept. 24 federal election for her fourth term as she is already ahead of her rival in the polls.