Bundesbank reports German economy picking up

Growth of the German economy, the biggest in the euro zone, is likely to have outpaced the first-quarter rate of 0.4% in the second quarter of the current year, the Bundesbank said Monday 19 July.

Growth is being driven by strong exports, while domestic industry orders stagnated in May and the construction sector developed 'unfavourably' in the spring months, the central bank said in its July monthly report.

'Lively foreign demand coupled with strong industrial output suggest that strong growth

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