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German GDP increases 0.2% in first quarter

Published 05/12/2010, 03:01 AM
EUR/USD
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Investing.com – Germany's GDP grew 0.2% in the first quarter, beating expectations, official data showed on Tuesday.

The rise, reported by the German Federal Statistics Office, came after growth of 0.2% in the fourth quarter of 2009, whose growth figure was revised up from zero.

Economists had expected the German economy to be flat in the first quarter.

Following the release of the data, the euro was down against the U.S. dollar, with EUR/USD shedding 0.11% to reach 1.2647.

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