German GDP Expands 0.4% in Q2

The German economy advanced a seasonally-adjusted 0.4 percent in the second quarter of 2015, accelerating from a 0.3 percent growth in the previous period but below market forecasts. Growth in exports and consumption offset a decline in investment.

According to flash estimates, positive contributions mainly came from the balance of exports and imports. Exports increased much more than imports, partly due to the weak euro. Exports of goods recorded a particular increase compared with the previous quarter. 

Growth were also seen for household final consumption expenditure and government final spending. In contrast, gross fixed capital formation declined as compared to the previous quarter, especially in construction. Meanwhile, inventories were markedly reduced.

Year-on-year, the GDP expanded by 1.6 percent, following a 1.1 percent expansion in the first quarter of 2015.

The economic performance in the second quarter of 2015 was achieved by 42.8 million persons in employment in the domestic territory, which was an increase of 175,000 or 0.4 percent on a year earlier.

German GDP Expands 0.4% in Q2

Destatis l Rida Husna l
8/14/2015 7:49:38 AM