German Q2 GDP Growth Revised Upward, Driven by Robust Exports

• German Q2 GDP revised up to +0.3% q/q and +1.0% y/y.
• Exports identified as the main driver, rising 2.0% q/q.
• Signals continued economic momentum for Germany.

Germany’s economy expanded more than initially estimated in the second quarter of 2026, with Gross Domestic Product (GDP) growing by 0.3% quarter-on-quarter, an upward revision from the preliminary 0.2% estimate. On an annual basis, GDP growth accelerated to 1.0% year-on-year, also exceeding the initial forecast of 0.9%. Destatis reported that exports were the primary engine of this growth, with goods and services exports increasing by 2.0% from the previous quarter. This performance follows a 0.4% expansion in the first quarter, indicating a sustained recovery and economic momentum, despite ongoing geopolitical tensions.