Growth in Germany’s economy fell short of expectations in the second quarter By Foreks

© Reuters. MARKET OVERVIEW-Growth in the German economy fell short of expectations in the second quarter

According to preliminary data, the growth in the German economy fell short of economists’ expectations in the second quarter.

In the second quarter, the German economy grew by 1.5 percent compared to the previous quarter, according to seasonally adjusted data. Economists had expected growth of 1.9 percent. It was 9.2 percent, below the 9.6 percent expectation. GDP data for the German economy for the first quarter of 2021 were also revised. The contraction rate, which was previously announced as 1.7 percent, was increased to 2.1 percent.

Germany will release its final data for the second quarter on August 24.

-Foreks News Center-

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Check Also

Economic Calendar – 5 Key Developments to Watch This Week By

© Reuters Yazar: Noreen Burke – The US economic calendar is quiet for the …

Leave a Reply

Your email address will not be published. Required fields are marked *