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June 17th, 2013 
Peter Nolan
THE German economy will slow this summer after a spring recovery, the central bank predicts in a report, citing weaker industrial orders and export data.
“In line with slightly weaker orders in April, expectations for production for the months ahead have been markedly scaled back,” it said on Monday.
“The same applies for short-term export prospects.”
Europe’s biggest economy narrowly scraped past a recession in the year’s first quarter with 0.1-per cent growth, after a contraction of 0.7 per cent in the last quarter of 2012.
“After a weak start to the year, real gross domestic product is expected to grow strongly in the second quarter of 2013,” said the Bundesbank, pointing to economic indicators for April.
For now, “the upward trend in orders since last autumn is becoming increasingly noticeable in industrial production and exports,” it said in its report.
The bank also pointed out that, after an especially harsh winter, in the second quarter “the construction sector is quickly making up for the weather-related losses”.
However, the report said on the July-September period that “for the summer, there are indications for a slowdown in the growth rate”.
For 2013 as a whole, the bank has predicted 0.3 per cent economic growth, which is expected to pick up to 1.5 per cent next year.
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