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- Bundesbank’s monthly report: strong private consumption will be a driver of the economic growth in Germany
Bundesbank’s monthly report: strong private consumption will be a driver of the economic growth in Germany
The Bundesbank released its monthly report on Monday. The central bank said that strong private consumption will be a driver of the economic growth in Germany.
"The exceptionally good environment for consumption, based on the solid state of the labour market and strong growth in real wages point to this development continuing for some time," the Bundesbank noted.
The central bank pointed out that the industrial data was disappointing for the second month in a row, but the economy continued to grow.
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