German growth spurt confirmed

GERMAN GDP grew at 2.2 per cent in the second quarter of 2010, the German statistical office confirmed yesterday. This marks the best quarter of growth for Europe’s largest economy since reunification.

As analysts expected, growth was mainly driven by the catching up of the construction sector after a harsh winter. However, private consumption increased 0.6 per cent, the first rise after three consecutive quarters of decline.

The expectation among analysts is for the growth engine to continue running smoothly in the second half.