Germany GDP growth revised up to 0.3% in Q2

Germany's economy grew 0.3% in the second quarter from the previous three months, revised official data showed on Tuesday, improving on an initial estimate of 0.2%.

Destatis chief Ruth Brand said the German economy was maintaining the momentum seen at the start of the year and that growth was mainly driven by exports. The economy had expanded 0.4% in the first quarter.

Exports rose 2% in the second quarter from the first, while imports were also up substantially. Investment fell slightly, pulled down by a fall in machinery and equipment investment. Spending by households and the government both registered small increases.

The figures suggest Europe's biggest economy continued to grow despite pressure from the energy shock linked to the United States and Israel's war against Iran. Germany has also faced several years of stagnation caused by high energy costs, competition from China and US President Donald Trump's tariffs.

Expectations for a strong rebound had been raised by Chancellor Friedrich Merz's planned spending on defence and infrastructure, but the Middle East war has weighed on energy-intensive manufacturers.