FRANKFURT (Reuters) - Germany’s economic rebound may lose some more steam heading into the end of the year as new orders slow and the services sector remains constrained by pandemic-containment measures, the Bundesbank said on Monday.
“In the remainder of the year the recovery may continue but lose momentum,” the German central bank said in its monthly report after noting the slowdown had started in the summer.
“Industrial companies look at the future with optimism ... but expectations about exports remain cautious and the order flow noticeably lost momentum recently,” it added.
Reporting By Francesco Canepa; Editing by Catherine Evans
Our Standards: The Thomson Reuters Trust Principles.