Germany’s economy emerged from stagnation at the beginning of 2019, returning to growth despite a slump in manufacturing that continues to plague the nation.
The figures, showing 0.4% growth, point to some strength across the euro area in the first quarter amid better-than-expected growth in a number of countries. But manufacturing remains weak and the region’s outlook is at risk of being sucked into an increasingly tense trade conflict between the U.S. and China.
In China, the economy continues to cool despite efforts by the government and the central bank. Data Wednesday showed slower growth in industrial output, retail sales and investment.
Germany’s first-quarter growth matched the median forecast of economists. The statistics office said consumer spending, construction and equipment investment boosted growth in the period, while there were “mixed signals” on trade.
Source : Bloomberg