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14.08.2015 09:05 German economy grows 0.4% in the second quarter

Destatis released its gross domestic product (GDP) growth for Germany on Friday. Germany's preliminary GDP gained by 0.4% in the second quarter, missing expectations for a 0.5% rise, after a 0.3% increase in the first quarter.


The increase was driven by higher exports as the euro remained weak. Exports increased much more than imports.


Household and government consumption expenditure continued to develop positively.


On a yearly basis, Germany's GDP rose to 1.6% in the second quarter from 1.1% in the first quarter, exceeding expectations for a gain to 1.5%.

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