German consumers, state spending drive stronger-than-expected recovery in Q2

FILE PHOTO: The skyline with its financial district is photographed during sunset as the spread of the coronavirus disease (COVID-19) continues in Frankfurt, Germany, October 26, 2020, REUTERS/Kai Pfaffenbach/File Photo

BERLIN (Reuters) – Private consumption and state spending drove a stronger-than-expected economic recovery in Germany in the second quarter following an easing of COVID-19 curbs, the Federal Statistics Office said on Tuesday, in a revision to an earlier estimate.

Gross domestic product grew by 1.6% on the quarter from April to June adjusted for price, seasonal and calendar effects, the office said, slightly up from its previous estimate of 1.5% GDP growth.

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