Dow Jones - The good news is definitely that there are signs of life from the notorious German consumer, at least for the time being. The trigger was probably the strong upswing on the labor market. However, the key driver of growth is changes in inventories, a component which tends to be volatile. The strong growth contribution from inventories in Q3 raises the likelihood of a technical counter-reaction and, hence, the probability of less dynamic growth at year-end.
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