Bundesbank has published its monthly report, where it comments on current situation in German economy.
Central bank says that in the third quarter of 2015 we saw a continued improved in the economic activity. The momentum for the economy seems to be strong, creating a positive outlook for consumption expenditures. Positive developments on the labor market have been signalized as well, which are improving the households’ real incomes.
Industrial production and exports undershoot the earlier expectations, however Bundesbank does not yet see a significant deterioration in the indicators on the way.
Further improvement in the economic activity is expected, however it may be seen in slower pace than what we have seen recently.