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automobile Brent crude budget building industry Bundesbank business cycle business situation capacity utilization central bank change over previous commodity prices companies considerably construction consumer prices continued crease current account cyclical D-mark decline deficit dollar domestic demand drink and tobacco employment European European Monetary System exchange rate expansion expansionary expected exports Federal Republic fixed capital formation forecast foreign further German Gross fixed capital gross national product growth rate higher indirect taxes industrial raw materials industrialized countries Institut fur Wirtschaftsforschung interest rates inventory Japan last autumn less lFO lnstitute ln addition lnvestment lower machinery and equipment manufacturing industry markedly markets ment monetary policy money supply months oil prices OPEC order stocks outlook pace plans price increases Private consumption reduction registrations remain result revenues rise rose seasonally adjusted sector slightly slow slowdown sumer surplus survey tion trend United Kingdom winter half-year world economy