German growth could top expectations this year: Bundesbank

Frankfurt

THE German economy could grow faster this year than earlier expected on the back of exceptionally strong industrial production, exports and consumption, the Bundesbank said in a monthly report on Monday.

Solid sales are pushing capacity utilisation in manufacturing even higher, fuelling a further rise in corporate investment in the eurozone's biggest economy, the central bank said after growth rose to its fastest annualised rate in over two years in the second quarter.