Current Account in Germany
Germany - Current AccountThe economy accelerated in the second quarter. Domestic demand was robust, with private and public consumption, and fixed investment expanding over the previous quarter. Household expenditure was likely supported by elevated consumer confidence—thanks to rising income expectations—and a further drop in the already historically low unemployment rate. However, the tight labor market could create problems further down the road as vacancies become increasingly difficult to fill, hampering growth and causing cost pressures to rise. Looking at the third quarter, consumer confidence edged down in August, but business sentiment increased on improving business expectations. Moreover, the composite PMI rose for a third consecutive month in the same month on faster growth in the services sector, signaling that firms’ operating conditions continue to improve. In addition, the external sector is solid, with Germany on track to record the world’s largest current account surplus for the third year in a row.
Germany - Current Account Data
|Current Account (% of GDP)||6.9||7.2||8.9||8.5||8.0|
5 years of economic forecasts for more than 30 economic indicators.
Germany Current Account Chart
Source: German Central Bank and Met the why particular calculations.
|Bond Yield||0.48||0.41 %||Sep 20|
|Exchange Rate||1.18||0.65 %||Sep 20|
|Stock Market||12,326||-0.41 %||Sep 20|
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September 13, 2018
German consumer prices rose 0.1% over the previous month in August, down from a 0.3% increase in July, according to data released by the Federal Statistics Office (Destatis) on 13 September.
Germany: Industrial sector gets off to a weak start in the third quarter as output contracts again in July
September 7, 2018
The German economy started the third quarter on a weak footing, with industrial output dropping 1.1% in July over the previous month in seasonally-, price- and working-day adjusted terms.
September 7, 2018
External sector data disappointed in July as exports contracted 0.9% over the previous month on a seasonally- and calendar-adjusted basis.
August 29, 2018
The forward-looking consumer confidence indicator for September released by the GfK Group decreased slightly to 11.5 points, down from August’s 11.6 points.
August 27, 2018
Business confidence in Germany’s private sector jumped to 113.8 points in August from 111.7 points in July, likely due to the ceasefire in the trade conflict between the United States and the European Union and robust domestic dynamics.