German private consumption grows at record pace: study
Contributed by NAMPA / Xinhua.
BERLIN, March 14 (Xinhua) -- Household spending in Germany rose at the fastest pace in 20 years in 2017, according to official figures published Wednesday by the Federal Statistical Office.
According to the Wiesbaden-based government statisticians, the total volume of private consumption reached 1.64 billion euros (2.03 billion U.S. dollars) last year. The figure marked an increase of 3.6 percent compared to 2016 and the fastest growth rate recorded since 1994.
The Federal Statistical Office att ...