Bundesbank out with monthly bulletin

  • sees growth impetus for German services sector
  • Germany's economic trend points upwards despite China uncertainty
  • lower fuel costs have helped raise household spending
  • domestic demand will help German mftg
  • QE ind production has so far failed to keep pace
  • rise in employment has lead to a significant increase in wages
  • 2015 GDP growth forecast 1.7%

Bundesbank - Reasons to be quite cheerful