Underpinned by household and government spending, the German economy expanded in the second quarter, beating the initial estimates, data released by Destatis showed on Thursday.
Gross domestic product grew 0.1 percent sequentially, in contrast to the flat growth estimated on July 29. This was followed by the 0.8 percent expansion in the first quarter.
"Despite difficult framework conditions in the global economy, the German economy held its ground in the first two quarters of 2022," said Georg Thiel, President of the Federal Statistical Office.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.