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Claus Vistesen and Melanie Debono of Pantheon Macroeconomics said in a report that the German economic situation seems to be improving following a series of positive data. “Germany released strong trade data yesterday, and just a day ago, other data showed a sharp increase in industrial output and construction activity in October. “However, risks remain, and the trade surplus is likely to decline in the fourth quarter. These analysts pointed out that the manufacturing purchasing managers' index for new export orders declined further in November. Despite this, Pantheon expects GDP to grow by 0.2% in the last quarter of this year. “We continue to expect GDP to pick up in the fourth quarter and the next few quarters, as net trade in goods and services supports GDP, while investment and household spending growth also accelerates.”

Zhitongcaijing·12/10/2025 10:33:04
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Claus Vistesen and Melanie Debono of Pantheon Macroeconomics said in a report that the German economic situation seems to be improving following a series of positive data. “Germany released strong trade data yesterday, and just a day ago, other data showed a sharp increase in industrial output and construction activity in October. “However, risks remain, and the trade surplus is likely to decline in the fourth quarter. These analysts pointed out that the manufacturing purchasing managers' index for new export orders declined further in November. Despite this, Pantheon expects GDP to grow by 0.2% in the last quarter of this year. “We continue to expect GDP to pick up in the fourth quarter and the next few quarters, as net trade in goods and services supports GDP, while investment and household spending growth also accelerates.”