Germany's Q2 growth revised upward on stronger exports
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BERLIN โ Germany's second-quarter GDP growth was revised higher than previously estimated, with official data showing stronger exports drove the upward adjustment to Europe's largest economy. The revised figures indicate Germany's economy expanded faster than expected during the period, despite uncertainty stemming from the war in Iran.
Exports provided a clear contribution to growth in the quarter, according to the data, underscoring the role of foreign trade in supporting the country's economic expansion. The upward revision followed an earlier growth estimate that had been published before the latest update.
Officials noted that the revision points to more resilient economic performance than analysts had anticipated, even as external shocks continue to weigh on the outlook. The data did not provide a detailed breakdown of which sectors or trading partners drove the stronger export performance.
