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Domestic demand leads German expansion in Q4
(MENAFN) The German economy expanded its growth rate to 0.4% during the last quarter of 2016 on the back of higher state spending, increasing private consumption as well as construction over offset a drag from net foreign trade.
Moreover, the Federal Statistics Office revealed that exports boosted by 1.8% in Q4 and imports up by 3.1%.
On the other hand, the data also showed that state spending climbed by 0.8%, contributing 0.2 percentage points to expansion.
Never the less, German household spending surged by 0.3% on the preceding quarter, further adding 0.2 percentage points to GDP in the three months till December.
Moreover, the Federal Statistics Office revealed that exports boosted by 1.8% in Q4 and imports up by 3.1%.
On the other hand, the data also showed that state spending climbed by 0.8%, contributing 0.2 percentage points to expansion.
Never the less, German household spending surged by 0.3% on the preceding quarter, further adding 0.2 percentage points to GDP in the three months till December.
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