German economic growth stronger than expected in second quarter

Reuters  |  BERLIN 

(Reuters) - The German picked up more steam than expected in the second quarter, driven by higher household and state spending, preliminary data showed on Tuesday.

in Europe's biggest expanded by 0.5 percent quarter-on-quarter, the said. That compared with a forecast of 0.4 percent.

The office also revised up the quarterly growth rate for the first three months of the year to 0.4 percent from 0.3 percent reported previously.

Compared with the same quarter of the previous year, the grew by 2.0 percent from April to June, calendar-adjusted data showed. Analysts polled by had expected 2.1 percent.

(Reporting by Michael Nienaber; Editing by Michelle Martin)

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First Published: Tue, August 14 2018. 11:42 IST