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German economic growth picks up German economic growth picks up
(35 minutes later)
German economic growth picked up pace in the first three months of 2014, while France's economy failed to grow, the latest figures show.German economic growth picked up pace in the first three months of 2014, while France's economy failed to grow, the latest figures show.
German gross domestic product (GDP) grew by 0.8%, driven by stronger domestic demand, the country's statistics office said.German gross domestic product (GDP) grew by 0.8%, driven by stronger domestic demand, the country's statistics office said.
In contrast, the French GDP rate was 0% because of weak consumer spending and business investment. In contrast, growth in the French economy was flat, with an official figure of 0%.
That was put down to weak consumer spending and business investment.
Public spending helped to stop the French economy from contracting.Public spending helped to stop the French economy from contracting.
In Germany, the statistics agency Destatis, said the mild weather also helped the stronger growth.
"Private households and the government increased spending at the start of the year," the statement said.
"The trend in investment was also positive, with a sharp increase in investment in both construction and equipment," it added.
France's statistics agency, INSEE, said that GDP had "levelled off after a small increase" in the last three months of 2013, when the economy grew by 0.2%.
It said that "total domestic demand dropped and contributed negatively to activity."
The statement added that expenditure on food products fell, in particular on tobacco after the price increase in January.