German Q2 GDP Expected To Match Flash Estimate

Tuesday, Germany's Federal Statistical Office is slated to release the detailed national accounts report for the second quarter at 2.00 am ET.

According to the preliminary report released on August 14, the German economic growth had fallen a seasonally and calendar-adjusted 0.5% in the second quarter from the prior quarter. The last time the German economy recorded a decrease was in the third quarter of 2004. At the same time, the statistical office had revised the first quarter GDP sequential growth to 1.3% from an initial estimate of 1.5%.

Further, the preliminary report had shown that the GDP growth on a yearly basis eased to 3.1% in the second quarter from 1.8% in the first quarter. At the same time, the calendar adjusted GDP rose 1.7% compared with 2.6% in the prior quarter.

Economists are expecting the German GDP figures to match preliminary estimates. Copyright(c) 2008 RealTimeTraders.com, Inc. All Rights Reserved