The monthly report from Germany's finance ministry

(Main points, via Reuters):

  • The German economy should remain on a solid footing in 2016
  • Despite weakness in the global economy
  • Finance ministry expects a slight growth in exports over the rest of the year
  • Cites low interest rates, a robust job market and rising wages contributing to a moderate upswing
  • Says earlier this month the government raised its 2016 growth forecast to 1.8 percent from 1.7 percent previously (would be the strongest expansion rate 5 years)
  • Private consumption the main growth driver, this should remain the case in H2
  • Industrial production was weak in Q3, would be only a small boost for the economy in H2