Current Account in Germany
Germany - Current Account (billions of Euros)A detailed breakdown of Q1 national accounts confirmed the preliminary result of moderate growth, which was mainly driven by fixed investment and inventories. Household spending fell, as higher inflation and deeply pessimistic consumer sentiment more than offset the positive effect of the economic reopening. While the economy is expected to hold up relatively well in Q2, with composite PMI data for April and May showing a continued improvement in operating conditions, other data calls for caution. The war in Ukraine continues to weigh heavily on business and consumer sentiment. Moreover, both harmonized consumer and producer price inflation reached record highs in April, suggesting that price pressures will continue to hamper activity. Meanwhile, the European Commission recently highlighted the investment environment, productivity, digitalization and pensions as areas in need of reform.
Germany - Current Account (EUR bn) Data
|Current Account Balance (EUR bn)||260||267||254||247||245|
5 years of economic forecasts for more than 30 economic indicators.
Germany Current Account (EUR bn) Chart
Source: German Central Bank and FocusEconomics calculations.
|Bond Yield||-0.19||0.41 %||Jan 01|
|Exchange Rate||1.12||0.65 %||Dec 31|
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June 29, 2022
Harmonized consumer prices dropped 0.08% from the previous month in June, contrasting the 1.11% rise recorded in May.
June 28, 2022
The GfK consumer climate index is forecast to drop from minus 26.2 in June to an all-time low of minus 27.4 in July. The expected improvement in sentiment came on backward-looking data for June, which is released simultaneously and underpins the June expectation.
June 24, 2022
Business sentiment dropped to 92.3 in June from 93.0 in May.
June 23, 2022
The S&P Global Flash Germany Purchasing Managers’ Index (PMI) eased to a six-month low of 51.3 in June from 53.7 in May.
June 14, 2022
Harmonized consumer prices rose 1.11% from the previous month in May, picking up from the 0.69% rise recorded in April.