Low oil prices boosting domestic demand – German Bundesbank

By FXStreet FXStreet (Mumbai) – German Bundesbank’s monthly report released today showed the central bank sees low oil prices boosting German domestic demand.

Manufacturing to pick up pace

“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”

Other key points

More Eurozone investment seen on lower uncertainty, loose monetary policy

HICP inflation expected below Dec forecast assuming oil prices remain unchanged

Fourth quarter German growth may have been similar to third quarter expansion driven by domestic demand
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Source:: FX Street