Germany’s GDP Up 3.25% Over Year Ago

The German economy grew at the fastest pace in more than two years in the second quarter as the euro’s slide boosted exports, the Bundesbank said. Europe’s largest economy expanded 1% from the previous three-month period, the most since the first quarter of 1998, figures from the central bank’s monthly report showed. Gross domestic product grew 3.25% from a year ago, the biggest gain since the nation’s unification in 1990. Manufacturers have reported “double-digit” growth in exports in recent months, and there’s no sign of a slowdown, the Bundesbank said. Makers of cars, machinery and tools have benefited from the euro’s slide against the dollar since the currency was introduced in early 1999. The euro’s decline, however, also is fanning inflation, the bank warned. The German government will officially release GDP figures for the second quarter on Aug. 29.