Germany’s Bundesbank said today that the economy “may have come to a temporary halt” in Q3. The “booming” constructor sector have even “decelerated” after strong Q2. Also, retail sales were “relatively subdued”. However, the bank does not expect the pause in growth to be long-lived. And, business expectations the auto sector “rose significantly of late.”
Bundesbank expects “economic output to expand considerably again in the current three-month period.” The bank also noted “rather sharp fall” in unemployment, which could be attributable in part to “the expansion of labour market policy measures at the end of the summer holiday period.”
