Higher Private Consumption and Construction Activities Drive Growth in German GDP

German GDP's growth in Q1 2019 was mainly driven by a rise in private consumption and construction activities.

Arslan Butt•Thursday, May 23, 2019•1 min read

According to the Federal Statistics Office, German GDP’s growth in Q1 2019 was mainly driven by a rise in private consumption and construction activities.

Private consumption increased by 1.2% in the first quarter of this year, the highest rise since 2011. This contributed 0.6 percentage points to the growth in German GDP during this period.

Investments in construction registered a 1.9% increase during Q1 2019, accounting for a growth in GDP by 0.2 percentage points.

In more positive news for the GDP, Destatis also reported a hike of 1.0% in export of goods and services in Q4 2018, as well as a reduction in imports by 0.7% during this period.

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
Open a FREE Trading Account

ABOUT THE AUTHOR See More

Arslan Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.