German stocks declined on Thursday as investors reacted to signs of slowing growth in China and Siemens Energy's downbeat margin outlook.
China's gross domestic product rose 7.9 percent year-on-year in the second quarter, official data showed. That was slightly lower than forecasts. The GDP print beat forecasts on a quarterly basis.
The benchmark DAX dropped 93 points, or 0.6 percent, to 15,696 after finishing marginally lower the previous day.
Energy group Siemens Energy plunged 9 percent after the company said it expects to miss its margin guidance for the full fiscal year.
Its Spanish subsidiary Siemens Gamesa Renewable Energy said it expects a fiscal 2021 loss due to a sharp increase in raw material prices.
Medical and safety technology provider Draegerwerk AG slumped 5.4 percent after its second-quarter preliminary EBIT declined to 80 million euros from last year's 102 million euros, due to the lower gross margin and higher functional expenses.
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