EU economic news

CNC
Added On January 13, 2018

More news from the EU...
 
And the German economy continues to go from strength to strength.
 
On Thursday it was revealed that GDP in the country last year reached a six-year high.
 
GERMAN ECONOMY GROWS 2.2 PCT IN 2017
 
According to the Federal Statistical Office located in Wiesbaden announced on Thursday, price-adjusted GDP increased by 2.2 percent in 2017.
 
Including calendar adjustments, the GDP growth rate was even higher at 2.5 percent, due to three less working days last year, when compared to 2016.
 
The German economy has now grown for eight successive years.
 
Meanwhile, a provisional calculation shows the country ran a surplus of 38.4 billion euros in 2017. That's now four years in a row the state made more than it spent.
 
Private consumer expenditure rose by a price-adjusted 2.0 percent.
 
The number of people in work in Germany is also at a new record, of 44.3 million.
 
German exports continued to increase in 2017 on an annual average.
 
Price-adjusted exports of goods and services were up 4.7 percent on the previous year.
 
The value of imports increased by 5.2 percent.
 
Economists continue their trust in the German economy, predicting growth of more than two percent in 2018.
 
SPAIN'S HOUSING SALES INCREASE BY 18.1 PERCENT IN NOVEMBER
 
Spanish housing sales rose by 18 percent in November 2017 compared to the same time a year earlier.
 
According to Spain's Statistical Office - the INE - over 40,000 operations were registered in the 11 month of the year.
 
Sales of second-hand houses were up by 16 percent year-on-year, while sales of new houses shot up by 30 percent. 
 
There were also double-digit rises for both subsidized and non subsidized homes.
 
Spain's housing sales have now been rising for seven consecutive months on a year-on-year basis.