Good data for Germany

Germany's economic growth accelerated to its highest pace in more than a year, in the past quarter, according to data, published on Friday.
Growth amounted to 0.6% for the first three months, up from 0.4% quarter-on-quarter. Investment growth was the main contributing factor to the raise.
The figures confirm the thesis of the ECB President, Mario Draghi, that the eurozone economy is recovering at a good pace.
Research shows that the German economy retains its good performance in the second quarter as well.
Confidence in economic recovery and stability is enormous, according to Jens Kramer, a NordLB economist in Hannover, quoted by Bloomberg as saying.
The result in the first quarter responded to analysts' average expectations. On an annual basis, the increase was 1.7%.