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"The economic data for industry have
disappointed for the second month in a row," the central bank
said in its monthly report. "This does not show an interruption
of the upswing."
It said, however, that the underlying pace of growth is likely
lower now than the headline fourth-quarter growth figure of 0.7
percent suggested it was between October and December.
Private consumption would continue to provide the mainstay for
strong growth ahead, the central bank said.
"The exceptionally good environment for consumption, based on a
pleasing situation in the labor market and strong real wage
growth, points to this development holding for some time."
The Bundesbank said that low unemployment, if it continues,
would mean that it could be "financially manageable" for the
country to further reduce its 3 percent charge on workers for
unemployment benefit.
(Reporting By John O'Donnell; additional reporting by Michelle
Martin in Berlin; editing by Jonathan Gould)
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