German Economy Probably Grew in First Quarter, Bundesbank Says
- Manufacturing is rebounding but inflation is hurting spending
- Euro-zone and German GDP data will be released on Friday
WATCH: German Business Outlook Rises for Sixth Straight Month
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A stronger-than-expected recovery in manufacturing at the start of the year probably helped Germany dodge a recession, according to the Bundesbank.
Europe’s largest economy grew slightly in the first quarter, the central bank said in its monthly report released on Monday. While persistently high inflation weighed on spending and consumer services, industry saw demand pick up as energy prices dropped and supply snarls eased.