Bundesbank’s monthly economic report noted that the economic growth in Germany remains fundamentally intact. Slowdown during the summer was mainly due to car makers. And, “as soon as the conversion problems in the automotive industry have been solved, the pace of macroeconomic expansion should pick up again significantly”

It also said “continued positive mood of businesses, which according to the Ifo Institute’s surveys has recently also improved in industry, points to a temporary period of weakness.”

Both Bundesbank and the Economy Ministry expect manufacturing to shift to a higher gear in the common months.

- advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.