German economy grows faster than estimated as exports rebound

36 points · 6 comments · view on lemmy.world

6 Comments

Good news, I guess. I wonder how the extreme drought will affect Q3 growth...

Finally some good news from Germany. Let's hope this continues.

HaiZhung@feddit.org · 1 pts · 23d (3 replies)

If you haven’t read the article, it’s 0,3% vs. a projected 0,2%. IMHO hardly worth a headline. But hey…

This is compared to Q1 of this year. So we are talking annualized 1.2% growth vs 0.8%.

Buffalox@lemmy.world · 2 pts · 22d (1 reply)

What? The chart says GDP growth 1st Q 0,8% and 2nd Q 1 %.

It's also in the text:

Year on year, GDP increased by 1%, revised up from a preliminary estimate of 0.9% and up from a 0.8% in the first quarter.

You are using month by month numbers and generally you never use that, because they are useless because of seasonal changes.

Makes sense, thanks for the clarification!