Germany's Bundesbank out with monthly bulletin
- Q4 German growth may have been similar to Q3 expansion driven by domestic demand
- HICP expected below Dec f/cast if oil price unchanged
- more Eurozone investment seen on lower uncertainty, loose mon pol
"The significant increase in orders from within the country and abroad which is in line with an improved business outlook and the latest recovery in export expectations, signals that manufacturing is about to pick up pace"
Should crude oil prices remain at currently low levels the resulting purchasing power gains should bolster domestic demand beyond manufacturing. Consequently at the start of the year there is once again the chance of stronger exonomic growth."
The BUBA's upbeat tones seemingly not shared by others in Germany judging by today's weaker IFO readings
Full BUBA report here but no English version available at the moment
BUBA head Weidmann - Stronger domestic demand hoped for
