Economic data and survey evidence points to slower growth in the second quarter, the German finance ministry said today.
"All of this [evidence] points to a clear levelling off in economic momentum in the second quarter," the ministry wrote in its monthly report for June, citing declines in the Ifo business climate and BME/NTC purchasing managers' indicators.
German GDP expanded 1.0 per cent in the first quarter, its fastest quarterly rate of growth in four years, according to preliminary data published by the Federal Statistics Office in May.
The office aims to publish second quarter data on August 11th.