Current Account in Germany
Germany - Current Account (billions of Euros)The economy grew faster than expected in Q1, owing to robust domestic demand and a positive contribution from the external sector despite lingering external headwinds. Upbeat household consumption, amid a tight labor market and easing inflationary pressures, and strong fixed investment powered the domestic economy. Data on the second quarter, meanwhile, is mixed but overall suggests that economic growth remained resilient in the quarter. Consumer confidence stayed elevated through May, and the composite PMI in April–May trended above the Q1 average. On the other hand, business confidence continued to tread water in April and May, and the downturn in the manufacturing sector seemingly intensified in the same period. Meanwhile, the grand coalition has come under renewed pressure after the Social Democrats suffered further electoral losses in local elections in Bremen and the European elections.
Germany - Current Account (EUR bn) Data
|Current Account Balance (EUR bn)||190||219||271||269||262|
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||-0.26||0.41 %||Jun 14|
|Exchange Rate||1.12||0.65 %||Jun 14|
|Stock Market||12,096||-0.41 %||Jun 14|
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June 13, 2019
Harmonized consumer prices rose 0.3% month-in-month in May, down from the 1.0% increase logged in April.
June 7, 2019
Industrial production fell 1.9% month-in-month in April in seasonally- and calendar-adjusted terms, swinging from March’s 0.5% increase.
June 7, 2019
German exports plummeted at the start of the second quarter, dropping 3.7% month-on-month on a calendar- and seasonally-adjusted basis (March: +1.5% month-on-month).
May 28, 2019
German consumer confidence is expected to inch down to 10.1 in June from 10.2 in May, according to the forward-looking GfK Group Consumer Climate Index.
May 23, 2019
A detailed breakdown of national accounts data saw no revisions to the growth figures previously estimated.