Germany’s central bank, the Bundesbank, said in its monthly economic report published on Tuesday that the “German economic output could increase slightly in Q3.”

Additional takeaways

German economic output could increase slightly in Q3.

Recovery further delayed but recession not seen.

We can expect a temporary rise in the German inflation rate towards the end of the year on the energy base effect.

German Negotiated Wage Growth data came in at 3.1% in Q2 vs. 6.2% In Q1.

German Negotiated Wage Growth excluding one-offs arrived at 4.2% in Q2 vs 3.0% in Q1.