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.
Gross domestic product in Europe’s largest economy rose by 0.6 percent in the April-June period. While that’s below the 0.7 percent estimate in a Bloomberg survey of economists, the Federal Statistics Office revised first-quarter output up to 0.7 percent.
The euro extended its decline after the report and traded at $1.1756 at 8:32 a.m. Frankfurt time, down 0.2 percent.
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