In the monthly report, Bundesbank said domestic economy was strong even though the overall economy probably stagnated in Q4. There is still no sign of an end to the boom in construction, which benefited from positive income prospects and favorable financing conditions.
Downward movement in the export-oriented industry continued. But there was increasing evidence of stabilization in the manufacturing sector. Industrial orders have not deteriorated further in the past few months. Goods export also increased significantly. Short-term export expectations recovered and returned to positive territory for the first time in six months.
