BERLIN, Sept 1 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)