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German GDP Expands 0.3% In Second Quarter

Capital Market/ 12:26 , Aug 14, 2012

German gross domestic product rose 0.3% on a seasonally-adjusted basis in the second quarter of 2012, compared to the first quarter, the federal statistics office, Destatis, reported Tuesday. Compared to the same quarter a year ago, GDP rose 0.5% on an unadjusted basis and 1% on a calendar-adjusted basis. Also released Tuesday, French GDP was flat in the second quarter, versus the first, according to statistics agency Insee. Euro-zone GDP readings for the second quarter are also due for release Tuesday.

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