"Industry, supported by buoyant export demand, is likely to
retain its role as a main pillar of a strong economy," the
central bank said on Monday. "The order situation of industrial
firms is excellent."
Germany, boasting the euro zone's lowest jobless rate, has
roared ahead this year, lifting confidence across the currency
bloc and giving the European Central Bank the biggest reason yet
to curb extraordinary stimulus.
Car manufacturing appears to have moved past a rough patch in
the quarter and orders, particularly from outside the euro zone,
were excellent, the report noted.
Construction on the other hand probably did not contribute to
overall growth, maintaining a relatively high level of output,
and poor retail sales suggest that consumption likely eased, the
"Against the backdrop of very good consumer sentiment and
favorable labor market and income prospects, no lasting
deterioration in consumption is to be expected," the bank noted.
Consumer prices on the other hand are likely dip towards the end
of the year as high year earlier figures get knocked out from
the time series.
(Reporting by Balazs Koranyi; Editing by Francesco Canepa)
[© 2017 Thomson Reuters. All rights
Copyright 2017 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.