German economy grows faster than estimated as exports rebound
euronews
German economy grows faster than estimated as exports rebound
Europe's biggest economy expanded by more than expected between April and June, driven by strong exports, despite the disruption caused by the Iran war. Business sentiment also improved across every major sector.
Good news, I guess. I wonder how the extreme drought will affect Q3 growth…
Finally some good news from Germany. Let’s hope this continues.
If you haven’t read the article, it’s 0,3% vs. a projected 0,2%. IMHO hardly worth a headline. But hey…
This is compared to Q1 of this year. So we are talking annualized 1.2% growth vs 0.8%.
What? The chart says GDP growth 1st Q 0,8% and 2nd Q 1 %.
It’s also in the text:
You are using month by month numbers and generally you never use that, because they are useless because of seasonal changes.
Makes sense, thanks for the clarification!