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Bundesbank Monthly Report October 2016
Overall economic activity in Germany is also in the third quarter of 2016 continued risen, albeit possibly vorü- rarily slightly less dynamic than in the spring. The fundamental trend is, however, still quite strong. The increase of gross domestic product in the summer quarter probably mainly by private consumption and driven by the strong construction activity have been. Thus, retail sales as well as construction output after a dent returned to its growth path in the spring, and consumer confidence holds on to an exceptionally high level. The activity in industry remained slightly last behind the back spring ... (full story)