Business News

Aug 14, 2:28 AM EDT

Germany's economy losing momentum

World Video

Latest News
Merkel Ukraine role mirrors rising German ambition

German sentenced to death in China over killings

Germany prepared to send arms to Kurds in Iraq

WWII bomb found near Frankfurt airport

Germany's Merkel to visit Ukraine on Saturday

Multimedia
Exhibit Honors Soviet Photographer
Buy AP Photo Reprints
Multimedia
A district summary of the Beige Book
Measuring economic stress by county nationwide
Mall malaise: shoppers browse, but don't buy
Unemployment by the numbers
Family struggles with father's unemployment
Saying an affordable goodbye
Hard times hit small car dealer
Latest Economic News
Zimbabwe economy takes another dive

Some Bank of England board members seek rate hike

Irish bonds yields hit record low after upgrade

HK economy slows as China tourists spend less

Eurozone recovery grinds to halt amid Ukraine fear

S. Korea cuts key rate for 1st time in 15 months

French economy stagnates in 2nd quarter

Germany's economy losing momentum

Greek economy contracts at slowest rate since 2008

US retail sales flat in July

Interactives
Greece's Debt Threatens to Spread
State budget
gaps map
Auto industry problems trickle down, punish Tennessee county
Women give old Derby hats a makeover in tough economy
S.C. town deals with highest unemployment in South
How mortgages were bundled and sold as securities
Tracking the $700 billion financial bailout
Tracking the year's job losses
State-by-state foreclosures since 2007
Credit crisis explained
Presidents and their economic legacies
Lexicon of the financial crisis
Americans' addiction to debt
Interactive
Berlin Wall: 20 Years Later

BERLIN (AP) -- Germany's economy contracted by 0.2 percent in the second quarter of 2014, losing momentum after a robust first quarter which was helped by the mild winter.

The Federal Statistics Office said Thursday the figure, which was adjusted for seasonal and calendar factors, reflected that imports grew faster than exports.

The office said that "the balance of exports and imports had a negative effect on the German economic development."

Economists' consensus forecast as of earlier this week was a 0.1 percent contraction.

New growth figures coming out later in the day are expected to show the crisis in Ukraine is weighing on the economy of the 18 countries that use the euro.

© 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy and Terms of Use.