As reported by
Germany's Federal Statistical Office (Destatis), the German economy has been gaining momentum, with price, season and calendar adjusted gross domestic product (GDP) in the first quarter this year increasing by 0.3 percent compared with the last quarter of 2014.
Meanwhile, in the first quarter the country's price adjusted GDP increased by 1.1 percent year on year, following a year-on-year growth of 1.4 percent in the fourth quarter of 2014.
In the first quarter of this year, consumption expenditure of households in
Germany increased by 0.6 percent and government consumption expenditure in
Germany increased by 0.7 percent, both compared to the previous quarter. Capital formation in machinery and equipment was up by 1.5 percent and construction increased by 1.7 percent compared to the fourth quarter of 2014.