Current Account in Germany
Germany - Current Account (billions of Euros)
Annegret Kramp-Karrenbauer was elected the new chief of Germany’s Christian Democrats (CDU) on 7 December, replacing Chancellor Angela Merkel as analysts question whether the economy is beginning to show signs of a prolonged loss of steam, or is simply being negatively affected by a conflux of one-off factors. In the third quarter, the economy shrunk for the first time in over two years on the back of weakening domestic demand and a contraction in exports. Additionally, the automotive sector struggled due to new emission regulations, dealing a blow to the economy. Data from the fourth quarter of this year paints a somewhat grim picture. The composite PMI averaged significantly lower in October-November than in the third quarter, while consumer confidence is expected to ease further in December to its lowest level since June 2017. Although business confidence remained in optimistic territory, it moderated for the third consecutive month in December. However, the unemployment rate continued to fall in the same month, while retail sales grew at the strongest clip in over a year in October.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 | 0.17 | 0.41 % | Jan 16 |
| Exchange Rate | 1.14 | 0.65 % | Jan 16 |
| Stock Market | 10,931 | -0.41 % | Jan 16 |
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Economic News
Germany: Cheaper oil finally reaches German consumers, driving inflation down
January 16, 2019
Consumer price rose 0.1% over the previous month in December, matching November’s figure.
Germany: November trade data disappoints as fears of a technical recession remain
January 9, 2019
Exports contracted 0.4% over the previous month in November, swinging from an upwardly revised 0.9% month-on-month expansion in October (previously reported: +0.4% month-on-month).
Germany: Industrial production contracts in November as worries over a technical recession grow
January 8, 2019
Industrial production fell 1.9% over the previous month in November, a sharper drop than the revised 0.8% month-on-month contraction in October (previously reported: -0.5% month-on-month).
Germany: Consumer confidence expected to remain stable at the start of the new year
December 21, 2018
The forward-looking GfK Group Consumer Climate index is expected to be stable at December’s 10.4 points in January.
Germany: Business confidence falls to an over two-year low at the close of the year
December 18, 2018
Business confidence declined for the third consecutive month in December, with the headline figure dropping from 102 in November to 101 in December.
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