German Economy Grows by 0.3% in Second Quarter

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.

Contact U.S. News


    Get the best of CNBC in your inbox

    › Learn More

Don't Miss

U.S. Video

  • A woman in debt comes in asking for a Suze Smackdown, but gets a shocking discovery in her credit report.

  • Nina, who's 39 and lives in New York, tells Suze she let a family member use her name to buy homes and a car. Now she's in debt for $450,000. She asks Suze for help.

  • Mekka, from North Carolina, says her 12-year-old son broke her 63-inch TV. She wants to know how to make it a financial teaching moment.