German GDP beats expectations with 0.4% growth in second quarter
Germany economy
Frankfurt - Arab Today
Expanding exports and domestic consumption pushed Germany's economy -- Europe's biggest -- to grow slightly faster than expected between April and June, preliminary data showed on Friday.
With a 0.4 percent increase in calendar- and seasonally-adjusted terms, Gross Domestic Product (GDP) grew slightly slower than the previous quarter's 0.7 percent, a statement from federal statistics office Destatis said, but twice as fast as analysts surveyed by Factset had predicted.
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