The German economy recorded GDP growth of 0.4 per cent in the second quarter of 2015, as a weaker euro helped boost exports from the country.
In its latest release the Federal Statistics Office, Destatis, noted both household spending and government spending “continued to develop positively”.
Meanwhile French GDP growth was less positive as it recorded zero change in the second quarter after its 0.7 per cent growth in the first three months of the year.
Figures from the National Institute of Statistics and Economic Studies, Insee, stated French GDP was “stable”, in spite of household spending falling sharply to 0.1 per cent from 0.9 per cent in the first quarter.
Insee also highlighted a slowdown in government investment and non-financial corporation spending, but noted exports had increased in the three months.
In spite of this European markets moved upwards in early trading, following reports the Greek parliament had approved the €85bn (£60.7bn) bailout package.
The FTSE 100 index had gained 0.28 per cent as of 8.32am, while Germany’s Dax index gained 0.4 per cent and the Cac 40 index in France rose 0.24 per cent.
