The German economy grew by a surprising pace of 0.4% in the first quarter, according to revised data from the German statistics office. That was double the growth initially estimated.
The Federal Statistical Office had reported at the end of last month that the economy expanded by 0.2% in the January-March period compared with the previous quarter. The head of the office, Ruth Brandt, said that "the surprisingly good economic development seen in March" led to the revision.
