European Economic News

German Growth Set To Continue In Summer, Bundesbank Says

Germany's economic growth is likely to have continued in summer, Bundesbank said in its monthly report on Monday.

The increase in employment and declining energy prices boosted household spending. Despite sharp rise in export sales, production in the German industry did not gain much strength, the bank noted.

Nonetheless, the bank said the underlying trend in the industrial orders still signals upward momentum.

by RTTNews Staff Writer

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