German economy contracted on weaker exports in second quarter

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Reuters
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Credit: REUTERS/FABRIZIO BENSCH

Weaker exports were the main reason for Germany's shrinking economy in the second quarter, detailed data showed on Tuesday, confirming a preliminary reading of a 0.1% contraction on the quarter.

BERLIN, Aug 27 (Reuters) - Weaker exports were the main reason for Germany's shrinking economy in the second quarter, detailed data showed on Tuesday, confirming a preliminary reading of a 0.1% contraction on the quarter.

The Federal Statistics Office said exports fell more strongly than imports from April to June which meant that net trade deducted 0.5 percentage points from overall economic expansion.

(Reporting by Michael Nienaber Editing by Madeline Chambers)

((michael.nienaber@thomsonreuters.com; +49 30 2888 5085; Reuters Messaging: michael.nienaber.reuters.com@reuters.net www.twitter.com/REUTERS_DE www.reuters.de))

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