Germany: Bundesbank Monthly Report: Economic conditions in Germany in summer 2003

After declining somewhat in the first half of 2003, German economic output picked up slightly in the summer months. According to initial figures from the Federal Statistical Office, third-quarter real gross domestic product (GDP) was 0.2% up on the preceding three-month period after adjustment for seasonal and working-day variations, although it was still down on the year in both workingday and calendar-month terms