German economic growth slowed as antici-
pated in the second quarter of 2016, following
an exceptionally strong first quarter.
to the Federal Statistical Office’s flash estimate,
real GDP in the second quarter rose by 0.4% on
the quarter after seasonal and calendar adjust-
ment. Aggregate capacity utilisation is still
The reduced economic mo-
mentum was mainly attributable to a clear
drop in investment in both machinery and
equipment and in construction, though private
consumption growth was also weaker than at
the beginning of the year.