BERLIN: The economy grew at its fastest rate in two years in the first three months of the year, driven primarily by rising investment and household spending, data showed yesterday.
GDP expanded by 0.7 percent in seasonally and calendar-adjusted terms from January to March, the federal statistics office Destatis said, confirming a preliminary estimate released two weeks ago. That was faster than the growth of 0.3 percent notched up in the preceding quarter, the office said.
Investment increased by 2.3 percent, with investment in equipment rising by 1.9 percent and construction investment up 2.3 percent on account of the mild weather.
