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25.08.2015 09:02 German final GDP increases 0.4% in the second quarter

Destatis released its final gross domestic product (GDP) growth for Germany on Tuesday. Germany's final GDP gained by 0.4% in the second quarter, in line with the preliminary reading, 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 final GDP rose to 1.6% in the second quarter from 1.2% in the first quarter, in line with the preliminary reading.

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