German GDP seasonally adjusted for the second quarter came in line with both expectations and advanced readings of 0.1% on the quarter and 2.7% on the year.

The annual non-seasonally adjusted GDP also matched both forecasts and advanced readings of 2.8%.

Details showed that exports rose 2.3% from the revised 2.1% which was 2.3% initially and median forecasts of 1.6%, while imports advanced 3.2%, above estimates of 2.3% and the prior 1.5% which was revised up to 1.7%.

Domestic demand retreated to 0.4% from the previous 1.1%, private consumption slipped 0.7% from the prior 0.4% rise and estimations of -0.2%.

Construction investment plunged 0.2% compared with the revised 7.0% and expectations of -1.4%. Capital investment increased 0.3%, lower than the revised 4.5% and estimates of 0.8%.

Finally, government spending lingered at 0.2%, exceeding projections of 0.1% drop.