Germany Q2 preliminary GDP -10.1% vs -9.0% q/q expected

Latest data released by Destatis – 30 July 2020
– (Q1) -2.2%; revised to -2.0%
– GDP non-seasonally adjusted -11.7% vs -10.7% y/y expected
– Prior -1.9%; revised to -1.8%
Slight delay in the release by the source. An unprecedented drop in German economic activity seen in the last quarter but that is expected given lockdown measures and