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Germany’s Second-Quarter Growth Led by Investment Rebound

Germany’s economic growth in the second quarter was driven by consumption and a rebound in investment as a recovery in the 17-nation euro area, its biggest trading partner, bolstered confidence.

Capital investment rose 1.9 percent from the three months through March, the first expansion in three quarters, and consumption increased 0.5 percent, data from the Federal Statistics Office in Wiesbaden showed today. Gross domestic product climbed 0.7 percent in the period, the office said, confirming an Aug. 14 estimate. The economy grew 0.5 percent from a year earlier when adjusted for working days.