German Finance Ministry monthly report:

  • Says German economy likely grew 0.3% in Q2, similar to Q1's rate
  • Says domestic demand a key growth driver
  • Demand & production in the industrial sector are on an upward trend
  • Sentiment among companies is positive ... assessments of the business situation & outlook remained predominantly optimistic
  • Report did not increased uncertainty due to the situation in Greece "coming to a head"
  • Says German exports rose strongly in April and May ... "may be an indication that global economic expansion is gaining traction"
  • Said the weaker euro was another positive, it made German products cheaper for those outside of the eurozone