Activity in Germany’s services and manufacturing sector edged higher in June, a survey showed on Friday, suggesting that growth in Europe’s biggest economy has stabilized at a moderate pace in the second quarter.
Both German industrial output and exports fell more than expected in April, data showed on Friday, highlighting the vulnerability of Europe’s largest economy to headwinds from trade frictions and Brexit uncertainty.
The German economy returned to growth in the first quarter as householders spent more freely and construction activity picked up, but the government cautioned that the outlook remained clouded by trade disputes.
German exports rose unexpectedly in March, data showed on Friday, raising hopes that a slowdown in Europe’s largest economy will not significantly dent growth in the first quarter despite headwinds from trade disputes.
German industrial orders rose less than expected in March after two months of steep declines, data showed on Tuesday, bringing little relief for Europe’s largest economy which is facing a sharp slowdown in growth.