Germany's growth relies on domestic demand as investment drops

Source: Bloomberg
© Scanpix/FP
Euro zone's largest economy barely grew in the third quarter of this year, its GDP went up by 0.1%. And now it becomes more apparent that Germany's recovery is mostly dependent on the domestic demand - private consumption added 0.7%, while the investments gave up 0.9%. Accordingly, propensity of the businesses to make capital expenditure is low and external demand at the moment is unreliable, but vacancies are on the rise and the labour market appears to be healthy, being some of the few white spots among the recent tendencies.
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