8/14, 8:01 AM (Source: TeleTrader)
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German preliminary GDP down 0.1% in Q2

Germany's gross domestic product (GDP) adjusted for price, season and calendar, declined 0.1% in the second quarter of 2019 compared to the previous three-month period, the Federal Statistical Office of Germany announced on Wednesday.

In the second quarter, domestic demand and investments increased. Meanwhile, gross fixed capital was lower compared to the first quarter of the year. The same sentiment was seen in foreign trade as exports declined more than imports. Additionally, employment increased by 1% from the same period last year as 45.2 million individuals worked in Germany.

Meanwhile, Destatis confirmed that adjusted GDP rose 0.4% in the first quarter of the year compared to the quarter before that. Year-on-year, real GDP stagnated.

Breaking the News / VP