Germany's consumer-led upswing to continue in H2 - ministry
BERLIN, Sept 12 (Reuters) - Germany's domestically driven
upswing will continue in the second half of the year despite
global trade disputes as industrial output is expected to bounce
back after a soft patch in the summer months, the Economy
Ministry said on Wednesday.
"The German economy is in a solid upswing, despite the
protectionist tendencies in the world economy," the ministry
said in its monthly report, adding that gross domestic product
expanded by 0.9 percent in the first half of the year.
"The upturn will continue in the second half of the year
despite trade-related uncertainties," the ministry said.
Factories are likely to shift into a higher gear in coming
months after industrial output suffered a period of weakness
which was partially due to special factors, it added.
Data released last week showed exports and industrial output
both fell unexpectedly in July, hit by U.S. President Donald
Trump's protectionist trade policies and bottlenecks in the auto
sector caused by new environmental standards.
(Reporting by Michael Nienaber; editing by Thomas Seythal)
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