German GDP and business sentiment beat expectations
Germany reports stronger second quarter economic growth and a jump in business morale. Gross domestic product rose by 0.3 percent while the Ifo index climbed to 88.8 in August.
Xurve View
Insights:
Xurve View
Germany's economy expanded 0.3% in the second quarter, exceeding initial estimates as business morale reached 88.8 in August. The uptick signals a durable turnaround following consecutive quarters of stagnation. The recovery arrives despite headwinds from higher energy prices and transport disruptions on the Rhine.
