German Economy Grows by 0.3% in Second Quarter
By: AP
German economic growth cooled slightly in the second quarter, with gross domestic product expanding by 0.3%, according to government figures released Tuesday.
The quarter-on-quarter growth compared with expansion in Europe's biggest economy of 0.5% in the first three months of this year. The performance was slightly below the 0.4% forecast of analysts surveyed by Dow Jones Newswires.
The Federal Statistics Office said second-quarter growth was fueled above all by "very dynamic" exports. It said, however, that construction investment at home weakened.
German economic growth cooled slightly in the second quarter, with gross domestic product expanding by 0.3%, according to government figures released Tuesday.
