Germany: personal consumption is expected to bounce back in Q3.
Germany: personal consumption is expected to bounce back in Q3.
Global & Regional Focus Notes
14 Σεπτεμβρίου 2011
• German households’ consumption disappointed in Q2, shaving off 0.4% q-o-q from GDP growth, most likely due to highly unfavorable commodity price developments. • We expect private consumption to rebound in Q3 on the backdrop of healthy fundamentals and abating commodity price pressures. • Lingering uncertainties stemming from the sovereign debt crisis are expected to confine growth and thus personal consumption at a modest pace