LONDON (MarketWatch)
Growth in Germany is likely to slow over the summer, after a strong second quarter, the Bundesbank said in its monthly report on Monday
The central bank said production expectations for the coming months have been significantly scaled back recently given weaker orders in April, while the same goes for short-term export prospects
Additionally, the improvement in the labor market is unlikely to continue for the time being, the bank said
Growth in Germany is likely to slow over the summer, after a strong second quarter, the Bundesbank said in its monthly report on Monday
The central bank said production expectations for the coming months have been significantly scaled back recently given weaker orders in April, while the same goes for short-term export prospects
Additionally, the improvement in the labor market is unlikely to continue for the time being, the bank said
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