The German economy shifted into a higher gear in the second quarter, defying the global economic and political uncertainty triggered by trade tensions and US President Donald Trump's America First drive.
Europe's biggest economy expanded by a stronger-than-forecast 0.5 per cent quarter-on-quarter in the three months ended June, powered ahead by domestic demand, data released on Tuesday by the Federal Statistics Office (Destatis) showed. Analysts had expected a 0.4-per-cent rise in the second quarter.
"Germany remains on track for a golden decade," said ING Bank economist Carsten Brzeski, noting that the economy has grown in 34 out of the last 37 quarters.
Releasing the data, Destatis also revised up its original estimate for gross domestic product (GDP) in the first three months from 0.3 to 0.4 per cent.
"The German economy continues on a growth path," Destatis said releasing the data, with second-quarter GDP boosted by "positive impulses" from the nation's domestic economy, including increases in both household and state spending. Businesses also stepped up their investments in equipment.
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