Germany: personal consumption is expected to bounce back in Q3. | Eurobank
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Germany: personal consumption is expected to bounce back in Q3.

• German households’ consumption disappointed in Q2, shaving off 0.4% q-o-q from GDP growth, most likely due to highly unfavorable commodity price developments.
• We expect private consumption to rebound in Q3 on the backdrop of healthy fundamentals and abating commodity price pressures.
• Lingering uncertainties stemming from the sovereign debt crisis are expected to confine growth and thus personal consumption at a modest pace