In some sectors, production was cut back and, in part, relocated. Despite these headwinds, gross domestic product still posted a slight increase in the third quarter, climbing by 0.3% on the quarter according to the Federal Statistical Office's flash estimate. However, sentiment deteriorated sharply as the third quarter progressed: at enterprises across all sectors and among consumers.
It is my perception that there are no specific issues relating to the provision of ELA which need to be addressed at the EU level.