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Bundesbank: Early summer dip in German economy only temporary

September 20, 2018


Abstract : The German economy remains in good shape, despite a dip at the start of the current quarter, the central bank said on presenting its monthly report in Frankfurt on Monday.

The German economy remains in good shape, despite a dip at the start of the current quarter, the central bank said on presenting its monthly report in Frankfurt on Monday.

The Bundesbank attributed earlier signs of declining growth to a "temporary phase of weakness" caused by production cutbacks in the automotive sector. "Growth in Germany should basically be intact, not least because of the continuing positive domestic economy," it said on the basis of surveys completed by companies.

The second quarter of 2018 saw growth of 0.5 percent compared with the first quarter, following a quarter-on-quarter riseof 0.4 per cent in the first quarter.

dpa

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Keyword: Germany-economy DPA-Info

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