Bundesbank sees pick up in Q2 growth
2013-06-17 15:38:11
Germany's economic activity will pick up strongly in the second quarter, the Bundesbank said in its monthly report on Monday.
But the bank forecast the momentum to slowdown in the summer.
Production expectations for the coming months have been lowered. Further, the bank said the recovery on the labor market does not seem to continue.
The construction sector recovered from weather-related weakness in the first quarter, the bank said.
Bundesbank last week lowered Germany's growth for this year to 0.3 percent from 0.4 percent. The economy is seen growing 1.5 percent in 2014.