Friday 22 September 2017

German economy shows 0.7% growth

Cash deals have consistently accounted for more than half of all Ireland’s housing sales since the start of 2013
Cash deals have consistently accounted for more than half of all Ireland’s housing sales since the start of 2013

The German economy, Europe's biggest, picked up speed in the fourth quarter of 2014 to grow by 0.7% compared with the previous three-month period, official data shows.

The growth figure, reported by the Federal Statistical Office today, contrasted with a feeble increase of 0.1% in the third quarter and a decline of 0.1% in the second quarter. It was much better than the 0.3% rise economists had expected.

The statistical office said the German economy grew by 1.6% last year compared with 2013 - better than an initial estimate of 1.5% it gave last month.

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