German likely to post solid growth rate in Q4

The German economy posted a moderate growth rate of 0.3% q/q in Q3. The business sentiment in the retail and the construction sector of the economy is almost stable in past 20 years. Business sentiment sector is actual development in in construction.

The Ifo index in November was better than expectation despite headwinds from emerging markets. The economy is expected to post solid growth rate in Q4. Due to improvement in Ifo and PMI, the Q4 GDP growth of the German is expected at 0.4% q/q, states Nordea Bank in a research note.