In the Bundesbank’s estimation, the German economy recorded only modest growth in the final quarter of 2018. Disappointing industrial developments, in particular, meant that the pace of growth probably did not match that of the first half of the year, the Bank's economists write in the current issue of the Monthly Report.

Germany’s strong and broadly based economic upswing continued into the fourth quarter of 2017. As the Bundesbank’s January Monthly Report explains, industrial orders and labour market conditions are in excellent shape, as are business and consumer sentiment.

The Bundesbank is expecting economic growth in Germany to remain quite robust. According to the current issue of the Monthly Report, the underlying pace of economic activity is still high. The Bundesbank’s economists believe that private consumption will be the main driver of growth.

In its latest Monthly Report, the Bundesbank notes that the German economy probably continued its robust upswing into the first quarter of this year on the back of the exceptionally strong orders situation in industry in the second half of 2017.

The economic situation in Germany is charting a positive course. According to the current issue of the Monthly Report, industrial enterprises, in particular, have been benefiting from lively demand from within Germany and elsewhere.

After the year got off to a moderate start, the German economy rebounded quite strongly in the second quarter of 2018. The Bundesbank believes that the German economy is likely to remain on a sound growth path in the current quarter. However, as is explained further in the August issue of the Monthly Report, the pace of growth could tail off slightly.

Bundesbank says the Germany economy remains on a strong growth path. In its October Monthly Report the Bundesbank concludes that Germany’s upswing continued in the third quarter, though it may have temporarily lost some steam.