Germany Economic Outlook
June 27, 2017Germany’s healthy economic momentum shows no signs of abating after the strong showing in Q1. Leading indicators reached multi-year highs over the course of Q2 and businesses in particular are especially confident. While the PMI index moderated slightly in June, the IFO Institute’s business confidence indicator reached a new all-time high. Both illustrate the strong support improved global economic conditions have offered German businesses. While the external sector continues to fulfill its role as Germany’s traditional engine of growth, domestic demand is also expected to have strengthened in Q2. Sky-high business confidence points to strong investment growth, even if it is expected to moderate somewhat from Q1’s exceptionally-high reading. Private consumption in particular continues to benefit from an ever-tightening labor market and record-high consumer confidence. On the political front, the conservative CDU, the Greens and the liberal FDP have agreed to form what is called a “Jamaica coalition” in Schleswig-Holstein, which could have a strong signaling effect ahead of September’s national elections.
Germany Economy Data
5 years of Germany economic forecasts for more than 30 economic indicators.
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|Bond Yield||0.50||-3.87 %||Jul 18|
|Exchange Rate||1.16||0.96 %||Jul 18|
|Stock Market||12,430||-1.25 %||Jul 18|
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Germany Economic Growth
June 27, 2017GDP growth should remain robust this year, thanks to a strong external sector and resilient fixed investment. However, higher inflation will weigh on household consumption. Our panel expects GDP to grow 1.8% in 2017, which is up 0.1 percentage points from last month’s forecast. For 2018, the panel expects GDP growth of 1.7%.
Germany Economic News
June 26, 2017
German business confidence rose to 115.1 points in June, up from 114.6 in May, marking an all-time high and overshooting market expectations of a decline to 114.5 points. According to the institute, the increase reflected the fact that businesses became much more optimistic regarding both current business conditions and business conditions over the next six months.
June 23, 2017
The Markit Flash Composite Purchasing Managers’ Index (PMI) fell to 56.1 in June, down from 57.4 in May, which had marked the highest reading in over six years.
June 9, 2017
In April, the seasonally- and calendar-adjusted trade surplus was stable at March’s EUR 19.8.
June 8, 2017
Industrial production grew 0.8% in April, contrasting March’s 0.1% contraction.
May 30, 2017
Consumer prices contracted 0.2% in May, according to preliminary data released by the Federal Statistics Office (Destatis) on 30 May.