Revised GDP data shows stronger-than-expected growth, easing concerns over a deeper slowdown in Europe’s largest economy.
Germany’s economy grew 0.3% in the second quarter, exceeding the preliminary estimate of 0.2% and marking a rebound from the prior quarter’s 0.4% expansion. The upward revision reflects stronger domestic demand and improved trade activity, according to official data released Tuesday.
Year-over-year GDP rose 1.0%, up from the preliminary 0.9% and the previous quarter’s 0.7%. The figures suggest resilience amid global trade tensions and weak industrial output earlier in the year.
Markets showed muted reaction, as the data aligned with expectations of a gradual recovery rather than a sharp downturn.