Germany Q2 GDP was finalized at -0.1% qoq, 0.4% yoy. Statistisches Bundesamt noted that foreign trade slowed down growth. On the other hand, consumption expenditure and capital formation supported economic activity
It said that after seasonal and calendar adjustment, price-adjusted exports were down -1.3% from the preceding quarter, markedly more than imports (-0.3%). Positive contributions came from domestic demand. Household final consumption expenditure increased by 0.1% qoq. Government final consumption expenditure rose by 0.5% qoq.
