German Federal Bureau of Statistics also show that German exports last year, up 3.2 percent from the previous year dropped to an increase of 0.6%. 2.2%。 In the unstable economic situation, the German business investment will shrink for investment in machinery and equipment decreased by 2.2%. However, the increase in consumer spending last year to become the main driving force of economic growth in Germany, private consumption and government spending increased by 0.9% and 1.1%, respectively, which make up the export unfavorable situation to some extent.
In addition, German industrial production to achieve positive growth again, reversing the previous downward trend. German economic data released by the Ministry of the country last November industrial output grew 1.9%, an increase of more than economists expected, fully reversed the October industrial output fell 1.2% in the situation, mainly due to the increase in industrial output for the project and Automotive industry activity warming.The German government and the business community generally optimistic about the economic situation this year. Deka Bank, said that with the sovereign debt crisis is gradually dissipated, German economic growth this year should become more robust.Bundesbank's latest forecast, this year the German economy will grow 1.7 percent in 2015, the annual growth rate will reach 2%.
(Source: Global network hardware & magical bridge industrial)