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BERLIN, Aug. 15 (Xinhua) -- The German economy grew steadily but at a
slightly lower rate than anticipated in the second quarter of 2017, figures
released Tuesday by the Federal Statistical Office showed.
Gross Domestic Product (GDP) in Germany was up 0.6 percent between April and
June from the previous quarter Patrick
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Nevertheless, the figure confirmed a continuing overall positive trend which
economists attributed to rising investment and domestic consumption.
German consumers are increasingly in a spending mood as low unemployment
contributes to higher earnings and the lasting low interest rate environment
disincentivizes saving. At the same time, the public sector has also raised its
spending to accommodate hundreds of thousands of refugees.
Unlike during the first quarter of 2017 Brent Burns
Jersey , trade was not a major driver of growth between April
"Price-adjusted imports grew much faster than exports compared to the same
period last year," the Federal Statistical Office noted.
Firms appeared unperturbed by international risk factors such as Brexit,
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