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20 Apr 2015
Pace of growth likely to be lower than Q4 2014 – Bunbdesbank
FXStreet (Mumbai) - As per the monthly report released by the German Bundesbank today, the growth likely to be lower than that suggested by GDP growth in the fourth quarter of 2014. Still, the underlying pace of German economic activity remains high.
According to the Bundesbank’s economists, private consumption is likely to remain the main driver of the fairly strong economic growth overall as indicated by the strong rise in retail sales. The bank expects the trend to continue.
The report further states sentiment in trade and industry has remained subdued despite a perceptible recovery. Growth of new orders received by industry took a breather in the first two months of the year, with the industrial goods sales to the Eurozone and non-Eurozone nations rose sharply, while sales growth within Germany slowed down.
According to the Bundesbank’s economists, private consumption is likely to remain the main driver of the fairly strong economic growth overall as indicated by the strong rise in retail sales. The bank expects the trend to continue.
The report further states sentiment in trade and industry has remained subdued despite a perceptible recovery. Growth of new orders received by industry took a breather in the first two months of the year, with the industrial goods sales to the Eurozone and non-Eurozone nations rose sharply, while sales growth within Germany slowed down.