Economics
German Exports Powered Fourth-Quarter Economic Growth
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German exports surged the most in three years in the fourth quarter, bolstering an expansion in Europe’s largest economy that was also supported by investment.
Foreign sales rose 2.6 percent in the final three months of 2013 from the previous quarter, while equipment and construction investment each climbed 1.4 percent, the Federal Statistics Office in Wiesbaden said today. German gross domestic product expanded 0.4 percent in the fourth quarter, it said, confirming a Feb. 14 estimate.