EMU: German IP rises at fastest pace in 16 years |
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The final figure of euro zone first quarter GDP confirmed the previous estimate, which showed a contraction by 2.5% Q/Q. The yearly figure was however slightly downwardly revised from -4.8% Y/Y to -4.9% Y/Y. Looking at the breakdown, government spending (0.2% Q/Q from 0.0% Q/Q) and investments (-4.1% Q/Q from - 4.2% Q/Q) were upwardly revised compared to the previous release, while both exports (-8.8% Q/Q from -8.1% Q/Q) and imports (-7.6% Q/Q from -7.2% Q/Q) were downwardly revised. German
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