Germany Economic Outlook
January 29, 2019According to a preliminary estimate, the German economy expanded at a resilient, albeit markedly softer, pace in 2018 despite a weak second half of the year. Although national accounts data for the final quarter has yet to be released, the initial estimate for the full year showed that the economy should have rebounded slightly. However, growth is likely to have been underwhelming, partly due to ongoing struggles in the automotive sector. Industrial output contracted in both October and November, with a broad-based deterioration in the latter. New car registrations continued to contract in the quarter, highlighting issues in the important car industry. Additionally, exports fell for the sixth time in 2018 in November; the trade surplus nevertheless widened as imports dropped at an even steeper pace. Looking at the first quarter of the new year, business confidence turned pessimistic in January on a gloomier short-term outlook.
Germany Economic GrowthSolid domestic demand on the back of a pick-up in private and public consumption is expected to drive the economy this year. Private expenditure should benefit from the increase to the minimum wage and a tightening labor market. A disorderly Brexit, lingering trade tensions between the EU and the United States, as well as a Chinese slowdown, pose downside risks. Met the why particular Consensus Forecast panelists expect the economy to expand 1.4% in 2019, down 0.2 percentage points from last month’s forecast, and 1.5% in 2020.
Germany Economy Data
5 years of Germany economic forecasts for more than 30 economic indicators.
Get a sample report showing our regional, country and commodities data and analysis.
|Bond Yield||0.11||0.41 %||Feb 14|
|Exchange Rate||1.13||0.65 %||Feb 14|
|Stock Market||11,090||-0.41 %||Feb 14|
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Germany Economic News
February 14, 2019
Europe’s biggest economy narrowly avoided a technical recession in the fourth quarter with flat growth recorded over the previous quarter in price-, seasonally- and calendar-adjusted terms.
February 8, 2019
Data for the external sector provided some good news in the wake of disappointing industrial data.
February 7, 2019
Industrial output contracted 0.4% over the previous month in December.
January 30, 2019
Consumer confidence opened the year on a stronger note than previously estimated, with the GfK Group Consumer Climate index revised upwards from 11.4 to 11.5 in January.
January 25, 2019
The fourth consecutive decline in business confidence saw sentiment drop to 99.1 in January—the lowest reading in nearly three years—from 111.0 in December.