00:00Germany's economy grew more than previously expected in the second quarter, with GDP rising
00:050.3% from April to June.
00:09The revised figure from the Federal Statistical Office was higher than the initial estimate
00:13of 0.2%.
00:15Year-on-year GDP increased by 1%, revised from 0.9%.
00:20Exports rose 2%, helping drive growth, while household and government consumption increased
00:26only 0.1%.
00:27Manufacturing output also rose by 0.9%, led by the chemical and electrical equipment industries.
00:35Beyond the latest growth figures, Germany's IFO Business Climate Index rose to 88.8% in
00:41August from 86.7% in July, suggesting improving sentiment across major sectors.
00:48However, high energy prices and weak domestic demand remain risks.
00:53Germany's government now expects the economy to grow by 0.5% in 2026, down from its previous
00:59forecast of 1%.
01:01The economy has struggled in recent years amid high energy costs, stronger Chinese competition
01:06and US tariffs.
01:10Please.
01:11Please.
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