FRANKFURT (MNI) – The third quarter should see a strong increase in
German economic output, although given recent market upheaval the
medium-term outlook has become less clear, according to the German
Bundesbank’s latest Monthly Bulletin; released Monday.
In its September Bulletin, the Bundesbank said June’s strong retail
sales data along with buoyant new car registrations were among the key
drivers of this assessment.
It said despite the expected downward revision to June’s strong
retail sales numbers, the positive trend was set to continue
However, the Bundesbank said it remained to be seen whether the
sharp declines in equity markets and a general deterioration in economic
sentiment have adversely affected consumer tendencies and business
activity.
–Frankfurt Bureau +49 69 720 142; email: frankfurt@marketnews.com–
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