German federal statistics office reports slower growth rate in Q2

German federal statistics office reports slower growth rate in Q2

Germany's growth performance did little to alter the path of the euro, which has moved tentatively lower since the beginning of August.

ING economist Carsten Brzeski says "though some kind of a slowdown from current growth rates looks nearly inevitable" many signs point to more growth ahead and there's "little reason to fear a sudden end to the current performance". "The German economy is proving its staying power, the upswing continues", Bankhaus Lampe economist Alexander Krueger said, adding that the European Central Bank´s low interest rates were boosting the economy.

Illustrating the trend, Germany's statistics body lifted its quarterly growth estimate for the first quarter to 0.7%, or an annualized pace of 2.9%, from an earlier estimate of 0.6%.

German growth slows slightly in second quarter: data

Carsten Brzeski, analyst at ING Bank, said Germany's economic success just went "on and on and on" but he cautioned that exports could be dented by a stronger euro, weaker-than-expected USA growth and Brexit uncertainty.

The output figures point to a currency impact, particularly in Germany, the single currency bloc's powerhouse economy where production fell by 1.1 percent.

In the second quarter, growth was driven by domestic demand, the statistics office said.

Charlottesville Victim's Father Says 'People Need To Stop Hating'
The newspaper's staff has been prepping coverage for the white nationalist rally - and the counterprotests - for weeks, he said. Marisa said she took German classes with Fields, and she went to Europe with him and about two dozen other students in 2015.

German chancellor Angela Merkel will lead the Christian Democrat party (CDU) into next month's elections have presided over 12 straight quarters of growth.

According to the flash Eurozone release, GDP increased 0.6% for the second quarter which matched the preliminary estimate and was in line with consensus forecasts. The economy had expanded 1.9 percent in the first quarter.

The preliminary estimate showed GDP growth rose by 0.6% between April-June compared with the same period a year ago. In the first quarter of 2017, GDP grew by 0.5 percent in both zones.

Dolly Parton pays heartfelt tribute to 'greatest musician' Glen Campbell
Richie Sambora, best known for obtaining fame as Bon Jovi's lead guitarist, recalled how Campbell had been an influence to him. Also featured in the film was the song "I'm Not Gonna Miss You", which Campbell had written and recorded with Raymond.

Spain's economy grew by 0.9% in the April-to-June quarter, while Italy's preliminary data is expected on Wednesday.

Barca officials to negotiate Dembele and Coutinho deals
Spain's Mundo Deportivo and Germany's SportBild claim that Barca chief executive Oscar Grau has led a delegation of club officials to Dortmund to finalise terms over the Dembele deal.

Related Articles

  • Anthony Scaramucci Thinks He's The Arya Stark Of Washington

    Anthony Scaramucci Thinks He's The Arya Stark Of Washington

    Bannon's standing in the White House has suffered with the arrival of Trump's new chief of staff, retired Gen. The protocol is that you are escorted out by one of the White House personnel.
    Pence: 'No Tolerance' for Hate from White Supremacists, Neo-Nazis, KKK

    Pence: 'No Tolerance' for Hate from White Supremacists, Neo-Nazis, KKK

    He said a return to democracy in Venezuela must be peaceful, calling America a "continent of peace...let us preserve it as such". Mr Pence has other stops scheduled this week in Argentina, Chile and Panama, giving speeches and meeting with leaders.
    Bus Drivers Prepare for Back to School

    Bus Drivers Prepare for Back to School

    Drivers need to pay close attention in and around the schools for kids walking to school and observe school zone speed limits. Drivers who illegally pass a school bus and are seen by law enforcement can be pulled over and issued a moving violation.
  • Jacksonville solicited for 2026 FIFA World Cup

    Jacksonville solicited for 2026 FIFA World Cup

    The U.S. has 34 cities and 39 stadiums on the list of potential candidates, the rest are split between Mexico and Canada. Cities that want to be considered for the bid must express formal interest to the committee by September 5.
    Canadian pastor freed from North Korea on his way home

    Canadian pastor freed from North Korea on his way home

    The European Union expanded its sanctions on North Korea as the back and forth between the United States and Pyongyang escalated. Charles Baik, an associate pastor with the church's English ministry, said members are ecstatic at the prospect of Lim's return.
    Haiti thanks Canada for accepting refugees from US

    Haiti thanks Canada for accepting refugees from US

    The Royal Victoria Hospital, shuttered in 2015 due to age, will also be opened and can accommodate about 320 people. The military would have no role in security matters, Le Bouthillier said in emailed statement.
  • Barnaby Joyce is a New Zealand citizen, NZ PM confirms

    Barnaby Joyce is a New Zealand citizen, NZ PM confirms

    Should he be ruled ineligible, Prime Minister Malcolm Turnbull would be forced to rely on independents to get pass legislation. Their troops have fought alongside each other in far-flung wars for generations, most recently in Iraq and Afghanistan.
    Floods, landslides triggered by heavy rain kill 47 in Nepal

    Floods, landslides triggered by heavy rain kill 47 in Nepal

    Landslides and flooding are common in the Himalayan region during the monsoon season, which runs from June through September. The chief officer of one district told the media they are mobilizing all the resources they have to ensure everyone is safe.
    1 winning ticket sold for $393 million lottery

    1 winning ticket sold for $393 million lottery

    The odds of winning either jackpot is low - one in about 258.9 million for Mega Millions, and one in 292.2 million for Powerball. The jackpot resets to $15 million ($9 million cash) for the next drawing on Tuesday, August 15.
  • Hugo Lloris insists Tottenham learnt from Newcastle thumping

    Hugo Lloris insists Tottenham learnt from Newcastle thumping

    However, Newcastle were resolute in their two banks of four, with Spurs struggling to create chances despite their dominance. Magpies Captain Jonjo Shelvey received his marching orders after stamping on Tottenham Hotspur midfielder Dele Alli .
    Everton 7/10 to win against Stoke City in Saturday's Premier League clash

    Everton 7/10 to win against Stoke City in Saturday's Premier League clash

    Everton also signed Sandro Ramirez from Malaga, who scored an impressive 14 goals in 30 appearances last season . There is always a turnover of players at this stage and you don't know until you start playing where you are.
    YouTube CEO Susan Wojcicki speaks out on anti-diversity memo

    YouTube CEO Susan Wojcicki speaks out on anti-diversity memo

    People on both sides of the debate emerged, speaking out about the role of gender when it comes to working for the tech giant. Gab.ai, a far-right social network, also offered Damore a job, calling his writing "a handsome work of art".