Germany Economic Outlook
May 2, 2017The German economy continues to gain steam this year, although official figures are still outstanding. Robust external demand is boosting the all-important external sector, which is positively reverberating across the economy. Moreover, domestic growth is also on the upside, mainly propelled by solid developments in the construction sector and healthy sentiment among German manufacturers. Against this backdrop, business confidence rose to a nearly six-year high in April, defying fears of rising trade protectionist policies and the expected tough Brexit negotiations. Consumer confidence remained at high levels in May, partially reflecting a dynamic job market and the continued decline in the unemployment rate, which fell to a new record low in March. On the political front, the 14 May election in North Rhine-Westphalia will be another test to assess Chancellor Angela Merkel’s popularity ahead of the 24 September federal election.
Germany Economy Data
5 years of Germany economic forecasts for more than 30 economic indicators.
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|Bond Yield||0.41||-4.39 %||May 10|
|Exchange Rate||1.09||-0.20 %||May 10|
|Stock Market||12,757||0.07 %||May 10|
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Germany Economic Growth
May 2, 2017Economic growth will remain robust this year on the back of a strong external sector and resilient domestic demand. Higher inflation, however, will weigh on household consumption, while uncertainty could dampen investment. Our panel expects GDP to grow 1.6% in 2017, which is unchanged from last month’s forecast. For 2018, the panel also expects GDP growth of 1.6%.
Germany Economic News
May 12, 2017
Germany’s economy accelerated in the first quarter, according to a preliminary estimate released by the Federal Statistics Office (Destatis) on 12 May.
April 27, 2017
The forward-looking consumer climate indicator published by the GfK Group edged up from 9.8 points in April to 10.2 points in May. Looking at other forward-looking sentiment indicators for April published in the same survey, May’s increase is consistent with the sharp increase in economic expectations and propensity to buy.
April 27, 2017
Consumer prices in Germany remained unchanged over the previous month in April, according to preliminary data released by the Federal Statistics Office (Destatis) on 27 April.
April 21, 2017
The Markit Flash Composite Purchasing Managers’ Index (PMI) fell to 56.3 in April, down from 57.1 in March, which had marked the highest reading in almost six years.
April 7, 2017
Industrial production was stable in February, growing at January’s 2.2% pace.