Mumbai, April 30 -- The German economy recovered in the first quarter driven by higher private consumption and investment, flash data from Destatis revealed on Wednesday.
Gross domestic product grew 0.2 percent sequentially, offsetting the 0.2 percent fall in the preceding quarter.
The calendar-adjusted GDP posted an annual fall of 0.2 percent, as seen in the fourth quarter of 2024 and also came in line with forecast.
On a price-adjusted basis, GDP declined at a steady annual pace of 0.4 percent in the first quarter. Destatis is slated to publish detailed results for the first quarter on May 23.
The unemployment rate in Germany rose slightly in April, the Federal Employment Agency said today. The jobless rate rose to 6.3 percent from 6....