Germany Aug Ifo business climate index 88.8; consensus 87.2; prior 86.6.

Germany's economy grew 0.3% QoQ in Q2, revised up from a preliminary 0.2%; GDP rose 1.0% YoY, the Federal Statistical Office said. Exports remained the chief growth engine: goods and services exports rose 2.0% QoQ while imports increased 1.5% QoQ. The upward revision reflected stronger-than-expected wholesale and retail trade. June exports were up 3.7% YoY, led by chemicals, electronics, optical products and transport equipment. Domestic investment was uneven: gross fixed capital formation fell 0.2% QoQ, machinery and equipment investment dropped 1.4%, and construction rose only 0.1%. Household and government consumption each increased 0.1% QoQ, underscoring limited domestic demand contribution to the recovery.

U.S. Trade Representative Greer said U.S.-Canada talks failed because Canada sought more.