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The upbeat assessment showed Europe's largest economy had so far
shrugged off the political impasse that followed inconclusive
elections in September and looked set to continue on Monday as
Chancellor Angela Merkel's efforts to form a coalition
government collapsed.
So far, Germany's influential central bank said a strong influx
of new orders suggested manufacturing was driving economic
growth.
"Buoyed by the boom in industrial activity, the German economy
is likely to remain on a strongly expansionary path in the final
quarter of 2017, too," the Bundesbank said in its monthly
report.
If anything, the main hurdle to producing more was a shortage of
labor, particularly in the construction and manufacturing
sectors.
"A growing shortage of skilled labor could place greater
constraints on continued strong output growth in future," the
Bundesbank said.
"Ultimately, the extremely positive labor market environment and
the fact that income prospects remain upbeat will ensure that
private consumption stimulates domestic activity," it added.
(Reporting By Francesco Canepa; Editing by Toby Chopra)
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