Details from the Q2 2016 German GDP revision data report 24 August 2016
FLash 0.4%. Q1 0.7%
- 3.1% vs 3.1% exp y/y NSA. Flash 3.1%. Q1 1.5%
- 1.8% vs 1.8% exp y/y WDA. Flash 1.8%. Q1 1.9%
- Exports 1.2% vs 0.7% exp q/q. Prior 1.0%. Revised to 1.6%
- Imports -0.1% vs -0.3% exp q/q. Prior 1.4%. Revised to 1.3%
There's probably some relief that growth wasn't revised down at all. The details show that consumption rose 0.3% overall but the investment numbers don't make good reading.
German GDP details
On the plus side, government spending rose 0.6% vs 0.5% exp. The prior 0.5% was revised healthily to 1.3%.
German GDP y/y NSA