India, April 30 -- The German economy avoided a recession in the first quarter on exports and investment in construction, preliminary data from Destatis showed on Tuesday.
Gross domestic product grew a more-than-expected 0.2 percent sequentially in the first quarter, in contrast to the revised 0.5 percent decrease in the preceding three months.
The biggest euro area economy was expected to grow marginally by 0.1 percent.
Destatis said that the growth was driven by exports and gross fixed capital formation in construction. Meanwhile, household spending declined from a quarter ago.
Despite the expansion in the first quarter, structural weakness will put a speed limit on the recovery, ING economist Carsten Brzeski said.
On a yearly basis,...