Reuters logo
Bundesbank says German economy to hold steady for rest of year
October 20, 2014 / 10:27 AM / 3 years ago

Bundesbank says German economy to hold steady for rest of year

FRANKFURT, Oct 20 (Reuters) - Germany’s economic output in the third quarter of the year is likely to be the same or slightly better than the previous three-month period, the country’s central bank said in its monthly report on Monday.

Citing high employment and rising wages as compensating for a slight dip in industry, the Bundesbank said: “The total economic result should be on the level of the second quarter or even slightly higher”.

The central bank predicted that the year would end on a similar note.

“Given the weak orders and the downbeat mood among companies, the outlook for the final quarter of the year is similarly modest.” (Reporting By John O‘Donnell; editing by Paul Carrel)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below