Tyler points to two headlines
From the UK article
The UK economy expanded by an unrevised 0.8 per cent in the third quarter helped by an unexpected boost from trade, but consumer spending has been weakening even before the government cuts bite.
The German article doesn’t have a sectoral breakout but the editor’s choice box does reference the following article
Domestic demand to lift German economy
A lasting revival in domestic demand will help Germany’s economy expand by almost 4 per cent this year and contribute significantly to reducing “global imbalances,” the government in Berlin has been told.
The article concludes with the following facts
Unemployment was expected to drop from 8.2 per cent of the work force last year, to 7.7 per cent in 2010 and 7 per cent in 2011. Consumer spending was expected to be broadly flat this year but then expand by 1.6 per cent in 2011
So Britain grows on based on exports. Germany is seeing a boost in domestic demand, which means flat so which implies much of its growth is coming from exports.
Now The numbers from the US BLS
Gross Domestic Product
Real gross domestic product — the output of goods and services produced by labor and property located in the United States — increased at an annual rate of 2.5 percent in the third quarter of 2010,(that is, from the second quarter to the third quarter), according to the “second” estimate released by the Bureau of Economic Analysis.
Gross domestic purchases
Real gross domestic purchases — purchases by U.S. residents of goods and services whereverproduced — increased 4.2 percent in the third quarter, compared with an increase of 5.1 percent in thesecond.
Aggregate Demand in the US is increasing by 4.2%, however, production is increasing by only 2.5%
While in Britain and Germany consumer purchases are flat to low but production is growing. It is no wonder that they fear a falling dollar.