Current Account in Germany
Germany - Current Account (billions of Euros)
Germany narrowly avoided a technical recession in the fourth quarter, with economic growth coming in flat. This followed the release of full-year national accounts that had indicated a small rebound in Q4. The economy was nonetheless buttressed by domestic demand due to stronger fixed investment and public expenditure growth, while private consumption picked up slightly. The external sector, meanwhile, dragged on economic growth despite ending the year on a positive note in December. Looking ahead, a rebound in the first quarter of this year looks to be on the cards: Consumer sentiment picked up again in February, while the composite PMI continued to indicate improving business conditions in January and February. Business sentiment, however, remained somewhat pessimistic in the same period.Germany - Current Account (EUR bn) Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Current Account Balance (EUR bn) | 190 | 219 | 271 | 269 | 262 |
Germany Current Account (EUR bn) Chart
Source: German Central Bank and FocusEconomics calculations.
Germany Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.08 | 0.41 % | Mar 20 |
| Exchange Rate | 1.14 | 0.65 % | Mar 20 |
| Stock Market | 11,604 | -0.41 % | Mar 20 |
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Economic News
Germany: Downturn in the manufacturing sector intensifies in March
March 22, 2019
After back-to-back upticks in the composite Purchasing Managers’ Index (PMI), the headline figure dropped from 52.8 in February to 51.5 in March.
Germany: Inflation stable in February
March 14, 2019
In February, harmonized consumer prices in Germany rose 0.5% over the previous month.
Germany: Industrial production drops in January
March 11, 2019
Data on the industrial sector in Germany disappointed again with production dropping 0.8% month-on-month in January, swinging from December’s revised 0.8% expansion (previously reported: +0.4% month-on-month) and contrasting market expectations of a 0.5% increase.
Germany: Export growth comes in flat in January
March 11, 2019
Month-on-month export growth was flat in January, contrasting December’s revised 1.6% increase (previously reported: +1.5% month-on-month).
Germany: Consumer confidence expected to be stable in March
February 26, 2019
Consumer sentiment is expected to be stable at February’s 10.8 in March according to the GfK Group Consumer Climate index.
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