Germany Federal Ministry for Economic Affairs and Energy released a monthly report today. It noted that:
The upswing of the German economy continues with pace moderated slightly. The global economic environment continues to be favorable. However, there are increased risks due to trade conflicts.
The up trends in new orders in manufacturing and industrial production have weakened recently too.
Consumer demand has recently been less dynamic. But consumer and retailers remain confident.
The high demand for labor in large parts of the economy ensures steadily rising employment. There are increase challenger for hiring. Unemployment and underemployment continue to decline.
