June 13, 2019 / 8:07 AM / a month ago

German economic outlook for Q2 subdued- ministry

BERLIN, June 13 (Reuters) - The outlook for Europe’s biggest economy is restrained for the second quarter due to headwinds from global trade conflicts that are weighing on the export-dependent industrial sector, Germany’s Economy Ministry said on Thursday.

“After significant growth in gross domestic product in the first quarter, the prospects for the second quarter remain subdued,” the ministry said in its monthly report. However, it struck a more positive note for later in the year.

“After the muted developments in the second quarter, positive influences should take hold more forcefully with a gradual improvement of the external environment,” it added. (Reporting by Madeline Chambers Editing by Michelle Martin)

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