The economy is expected to grow 0.6% on quarter in three months to June compared to 0.4% in the first quarter.
He cautioned, however, that the main drivers supporting the domestic economy, such as rising employment, rising wages and increased government spending, could lose some momentum in the coming quarters.
Preliminary GDP data for Germany revealed growth of 0.6% in the June quarter, just shy of market forecasts of 0.7%.
The preliminary estimate showed GDP growth rose by 0.6% between April-June compared with the same period a year ago. An upswing in exports in the period couldn't offset a stronger rise in imports, Destatis data showed, thus reducing trade's contribution to the output expansion. "Germany´s economic success story goes on and on and on", ING Bank analyst Carsten Brzeski said, adding there was very little reason to fear a sudden end to the current performance.
The economy in the 19 countries sharing the euro currency expanded by more than previously forecast in the second quarter compared to the same quarter in 2016, the European Union's statistics office Eurostat said on Wednesday. The Statistics Office will publish its detailed GDP growth data on August 25.
The German economy extended its growth spurt in the second quarter, playing into the hands of Angela Merkel as she bids for a fourth term as chancellor.
The German economy, Europe's traditional growth engine, grew in line with the eurozone's 0.6 per cent average in the quarter.
At 3.30 am ET, Dutch GDP data is due. This was also faster than the expected 1.9 percent. The sequential growth is seen at 0.6% in the second quarter, the same as estimated initially.
The German government, like Italy's before it with Alitalia, is now helping to find a solution to protect jobs. German carrier Air Berlin's aircrafts at Tegel airport in Berlin, Germany , September 29, 2016.
He would like to have played more than one series. "That's what (coach Bruce Arians) said last night at the team meeting. Raiders head coach Jack Del Rio was unaware of Lynch sitting during the national anthem , but accepted his decision.
Bolt took the unusual step of racing the relay heats, something usually reserved for the more unheralded members of the squad. Sir Mo Farah admitted his quest for double World Championship gold will be tough as he looks for the fairytale farewell.
The lawsuit stated that Kwon previously worked within restaurant businesses and was an asset to the companies. In published reports , the franchisee says they will not comment on an ongoing allegation and investigation.
As law enforcement officers worked to restore order in the city, a Virgina State Police helicopter crashed killing troopers Lt. A vigil was also held in Charlottesville at the location where Heyer was killed, and in a number of other US cities.
Kenya's election commission said its process was fair and worldwide observers praised its handling of the election. The opposition called the vote a "charade" and said that going to court to challenge it was not an option.
Patel said that Prime Minister Narendra Modi was concerned about the incident and assured all cooperation to UP in health sector. The hospital has reported that most of the deaths from a lack of oxygen occurred in its neonatal and encephalitis wards.
Trump's promises to be tougher than previous presidents on trade, his administration has proceeded with high levels of caution. Trump is expected to return to Washington from his golf club in Bedminster, N.J. on Monday to sign the memo.
Trump just retweeted someone appearing to call him a 'fascist'
Arpaio continued to carry out the operations for another 18 months but claimed that he didn't violate the order intentionally. Trump then deleted another retweet which showed a person with the CNN logo superimposed over them being hit by a Trump train.
Death toll from flood, landslide climbs to 49
The road blockage and bad weather have hampered the rescue and relief operations in the areas affected by the floods. A Kathmandu Post report said that public health experts have warned of water-borne epidemic in the flood-hit areas.
Trump Records Robocall for AL Senate Candidate Luther Strange
Brooks is running against odd in the Alabama election to decide who will gain Attorney General Jeff Sessions's Republican seat. The message followed a tweeted endorsement by Trump last week in an attempt to boost unusual in what could be a close race.