Weak investment and trade drive Q2 contraction in German economy

Mon Sep 1, 2014 2:17am EDT

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BERLIN, Sept 1 (Reuters) - Weak investment spending and slow
trade led the German economy to contract for the first time in
over a year in the second quarter, data showed on Monday.
    Germany's Federal Statistics Office confirmed an earlier
flash estimate showing a 0.2 percent contraction in
seasonally-adjusted gross domestic product (GDP) on the quarter
between April and June.
    Gross capital investment fell by 2.3 percent and
construction investment dropped by 4.2 percent, in part due to a
mild winter which boosted building activity in the first
    Foreign trade, traditionally the driver of German economic
growth, subtracted 0.2 percentage points from growth while
private consumption and inventories made a positive

 (Reporting by Michelle Martin; Editing by Noah Barkin)
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