German Economic Momentum Slows Early in Third Quarter
Germany experienced a slowdown in economic momentum at the start of the third quarter. The economy ministry reported that fading booms in energy-intensive sectors and weak domestic consumption contributed to the cooling trend.
Economic momentum in Germany slowed at the start of the third quarter, dropping as energy-intensive manufacturing cools. The slowdown follows fading foreign demand and persistent utility costs hitting consumer spending. Investors face a cooling industrial base across Europe's largest economy.
