The German economy expanded slightly more than previously estimated in the second quarter of the year, owing to strong exports, official data showed Tuesday, thus weathering the turmoil unleashed by the U.S.-Iran war better than feared.
Gross domestic product (GDP) grew 0.3% from April to June compared with the first three months of the year, according to revised data from the statistics office, Destatis.
A first estimate in July had put growth at 0.2%, after expansion of 0.4% in the first quarter.
"The German economy is maintaining the growth momentum seen at the start of the year," said Destatis's chief, Ruth Brand, adding that "growth was primarily driven by the positive development of exports."
The revision to second-quarter growth is another sign that the eurozone's manufacturing powerhouse could be weathering the energy shock unleashed by the U.S. and Israel's war against Iran better than feared.
