BERLIN — The German economy, Europe's biggest, grew by 1.7
The Federal Statistical Office offered a rough initial estimate that the economy grew by about 0.25
Full-year growth in 2015 was in line with government forecasts and slightly faster than the previous year's 1.6
"The most important growth motor was domestic consumption," Statistical Office president Diether Sarreither told reporters.
Exports grew 5.4
That meant that foreign trade made a "relatively small contribution" of only 0.2 percentage points to growth, the Statistical Office said.
Household spending was up 1.9
"All in all, the German economy has once again defied many external headwinds and performed another solid growth year in 2015," ING-DiBa economist Carsten Brzeski said.
"The year 2015 clearly marks an important step in the rebalancing of the German economy, as private consumption turned out to be an important growth driver," he said of the traditionally export-heavy economy.
Though Statistical Office official Norbert Raeth estimated that fourth-quarter growth came in at about a quarter of a
The economy expanded by 0.3
Geir Moulson, The Associated Press