Comments by Germany's central bank in its monthly report
- Fundamental conditions are in place for growth rebound in Q4 after weak Q3
- Economic upswing in Germany is still fundamentally intact
- Slowdown largely due to difficulties in adapting to new emission-test procedures in auto industry resulting in "deep marks" on industrial production
Nothing too new coming from the Bundesbank here. But of note they have been constantly touting that the economy will rebound since Q2 and we're now going into Q4 still expecting that. The rhetoric there pretty much tells the story of the German economy this year.
