Exchange Rate in Germany
Germany - Exchange Rate (average of period)Following an acceleration in the second quarter, monthly data suggests that the economy continues to perform solidly in the third quarter. The average composite PMI reading in the first two months of Q3 trended above the average figure for the previous quarter. Moreover, sentiment among consumers remained elevated through September while business sentiment edged up in August. On the other hand, in July industrial production contracted sharply month-on-month despite a strong rebound from the construction sector. In addition, exports fell, and the trade surplus narrowed to a multi-year low amid resilient import growth. On the political front, next month’s state elections in Bavaria will worry the Christian Social Union—aligned with Chancellor Merkel’s CDU—which could lose its absolute majority in the southern state. Such a result could heighten tensions in the federal government’s governing coalition.
Germany - Exchange Rate (aop) Data
|Exchange Rate (vs USD, aop)||1.33||1.33||1.11||1.11||1.13|
5 years of economic forecasts for more than 30 economic indicators.
Germany Exchange Rate (aop) Chart
Source: Thomson Reuters.
|Bond Yield||0.49||0.41 %||Oct 16|
|Exchange Rate||1.16||0.65 %||Oct 16|
|Stock Market||11,777||-0.41 %||Oct 16|
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October 12, 2018
Consumer prices rose 0.4% over the previous month in September, up from a 0.1% increase in August.
October 9, 2018
Trade data remained lackluster in August, with exports contracting 0.1% over the previous month on a seasonally- and calendar-adjusted basis.
October 8, 2018
Industrial production contracted 0.3% over the previous month in August in seasonally, price and working-day adjusted terms, marking the third consecutive drop but up from July’s revised 1.3% decline (previously reported: -1.1% month-on-month).
September 27, 2018
The forward-looking consumer confidence indicator for October released by the GfK Group increased slightly to 11.6 points, up from September’s 11.5 points, with consumers unmoved by recent political uncertainty.
September 24, 2018
Sentiment among German businesses inched down to 113.7 points in September from a revised 113.9 points in August (previously reported: 113.8 points).