U.S. News

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.