Live Comments Germany GDP growth finalized at 1.6% qoq in Q2, individual sectors diverged

    Germany GDP growth finalized at 1.6% qoq in Q2, individual sectors diverged

    Germany GDP growth was finalized at 1.6% qoq in Q2, revised up from 1.5% qoq. In, seasonally and calendar-adjusted gross value added increased by 1.0%. Individual sectors showed diverging trends: Up 3.8% qoq in public services, education, health; up 1.1% qoq in trade, transport, accommodation and food services; up 0.1% qoq in construction; but down -1.3% in manufacturing.

    Comparing with the same quarter a year earlier, GDP grew 9.8% yoy on price-adjusted term, and 9.4% yoy on price- and calendar-adjusted term.

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