Bundesbank: german economy continues to grow

"The german economy was allowed to continue its strong expansion course in the third quarter of 2017, albeit probably with somewhat less momentum than in the first half," states the monthly report for september published by the central bank.

In the industrial sector, the – presumably temporary – lack of large-scale orders has caused a slowdown, but "the continuing high influx of orders in the industrial sector (…), the continuing extremely brisk construction activity, the extremely good consumer sentiment and the sustained strong increase in employment all point to a very good economic situation," states the bundesbank.

The buoyant economy, with 0.7 percent growth at the beginning of the year and a 0.6 percent increase in gross domestic product (gdp) in the second quarter of the current year, gave the state a record surplus in the first half of 2017. First economists expect german economic output to grow by 2.0 percent for the year as a whole. Last year, europe’s largest economy grew by 1.9 percent.