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
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Current Account Balance (EUR bn) | 260 | 267 | 254 | 247 | 245 |
Germany Current Account (EUR bn) Chart
Source: German Central Bank and FocusEconomics calculations.
Germany Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | -0.19 | 0.41 % | Jan 01 |
| Exchange Rate | 1.12 | 0.65 % | Dec 31 |
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Economic News
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Germany: Harmonized inflation increases in July
August 10, 2022
Harmonized consumer prices increased 0.85% in July over the previous month, swinging from June's 0.17% fall.
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Germany: Industrial production rebounds in June
August 5, 2022
On a seasonally-adjusted monthly basis, industrial production rose 0.4% in June (May: -0.1% mom).
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Germany: Merchandise exports accelerate in June
August 3, 2022
Merchandise exports jumped 4.5% month on month in June, following May’s 1.3% rise.
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Germany: Consumer sentiment expected to drop to all-time low in August
July 28, 2022
The GfK consumer climate index is forecast to drop from minus 27.7 in July to an all-time low of minus 30.6 in August. The expected deterioration in sentiment came on the back of backward-looking data for July, which is released simultaneously and underpins the August expectation.
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Germany: Harmonized inflation accelerates in July
July 28, 2022
Harmonized consumer prices rose 0.08% from the previous month in July, contrasting the 0.17% drop recorded in June.
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