Deutsche Bundesbank Monthly Report, July 2005

The Deutsche Bundesbank published the English version of its July 2005 Monthly Report on 9 August. Germany's economy probably did not grow in the second quarter as negative net exports offset stronger domestic demand, the report said.

"Existing data, especially for the development in industry, construction, the retail sector and exports, suggest that total economic output in the second quarter of 2005 roughly remained at the level of the first quarter, when it rose strongly," the central bank

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