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  • German auto output rebounded in September, but will this be included in the first Q3 GDP estimate? 
  • Construction investment rose in Q3, but net trade and consumption likely remained sluggish.
  • We now think the first Q3 GDP estimate in Germany will show that output fell by 0.2% quarter-to-quarter. 

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Keywords for: 10 October 2025 Eurozone Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence