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    German Finance Ministry: Economy “very strong” in Q1

    03:39 AM ET · EWG

    • Recent data suggests that Germany’s economy enjoyed a “very strong” Q1, the Finance Ministry says, with an unusually mild winter helping to drive industrial expansion and construction activity.
    • As a result, the economy is likely to moderate in Q2, the ministry says, although “this technical effect should not be interpreted as a sign that the economic pace is slowing.”
    • The ministry expects that GDP will grow 1.8% this year and that the upturn will become increasingly broad-based.
    • The DAX is +1.1%.
    • ETFs: EWG, BUND, EWGS, DBGR, GERJ, DXGE, BUNL, FGM, BUNT, GGOV, HEWG
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