Exports G&S in Germany
Germany - Exports Goods and Services
German economy bounces back in Q1
The economy expanded 0.4% in Q1 2019 from the previous quarter, on a price-, seasonally- and calendar-adjusted basis, up from the fourth quarter’s flat reading and above market expectations of a softer expansion. Compared to the same period a year earlier, the economy grew 0.6% in price-adjusted terms, down from Q4’s 0.9% year-on-year expansion.
Domestic demand drove the economy in the first quarter. Fixed investment was particularly strong in the construction sector and in equipment, while household expenditure should have benefited from a tightening labor market, a slight increase in already-elevated consumer sentiment and moderating inflationary pressures. Government expenditure, meanwhile, decreased slightly. The data also showed that both exports and imports increased over the previous quarter.
A detailed breakdown of the GDP components is expected to be released on 23 May.
Looking ahead, given that data on the first quarter surprised on the upside, full-year growth expectations are likely to be revised over the coming weeks. (Analysts had previously penciled in a meager growth rate for the German economy.) That said, as highlighted by Carsten Brzeski, chief economist at ING Germany: “Just as weak GDP data in the second half of 2018 was not purely a result of wrong policies and business decisions or a sign that the German economic business model should be discarded, so today’s strong data is no reason for complacency. In fact, the economy still needs more investment, both from the private and public sectors, as well as new structural reforms.”
Met the why particular Consensus Forecast panelists see the economy expanding 0.9% in 2019, which is unchanged from last month’s forecast. For 2020, the panel forecasts GDP growth of 1.4%.
Germany - Exports G&S Data
|Exports (G&S, annual variation in %)||1.7||4.6||5.2||2.6||4.6|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||-0.07||0.41 %||May 13|
|Exchange Rate||1.12||0.65 %||May 13|
|Stock Market||11,877||-0.41 %||May 13|
Get a sample report showing our regional, country and commodities data and analysis.
Request a 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.
May 15, 2019
The economy expanded 0.4% in Q1 2019 from the previous quarter, on a price-, seasonally- and calendar-adjusted basis, up from the fourth quarter’s flat reading and above market expectations of a softer expansion.
May 14, 2019
German harmonized consumer prices rose 1.0% month-on-month in April, doubling March’s reading of a 0.5% increase.
May 11, 2019
In March, the seasonally- and calendar-adjusted trade surplus rose to EUR 20.0 billion, from EUR 18.7 billion in February, as exports rebounded at a stronger pace than imports.
May 8, 2019
Industrial production expanded 0.5% month-in-month in March in seasonally- and calendar-adjusted terms, slightly up from February’s downwardly revised 0.4% increase.
May 2, 2019
Consumer confidence in Germany is expected to remain at April’s 11.4 in May, according to the GfK Group Consumer Climate Index.