Public Debt in Germany
Germany - Public DebtShort-term political risk increased somewhat in the wake of the Bavarian state election, which saw the Bavarian Christian Social Union (CSU) lose its absolute majority in the regional parliament and the Social Democrats (SPD) garner only single-digit support for the first time in its history. Although the result might lead the CSU to adopt a less belligerent stance towards Angela Merkel, the SPD’s poor showing could swell opposition within the party towards the alliance with Merkel’s Christian Democratic Union (CDU). The election took place against the backdrop of an economy which appeared to perform steadily in the third quarter. The composite PMI averaged higher in Q3 compared to Q2, chiefly due to the services sector. Moreover, business confidence improved in the quarter, while the unemployment rate fell to a new post-reunification low in September. On the other hand, external data disappointed in July–August, with exports falling in month-on-month terms, while retail sales contracted in the same period despite rising wages and still-elevated consumer confidence. Attention will now turn to elections in Hesse on 28 October.
Germany - Public Debt Data
|Public Debt (% of GDP)||77.5||74.7||71.0||68.2||64.1|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||0.41||0.41 %||Nov 13|
|Exchange Rate||1.13||0.65 %||Nov 13|
|Stock Market||11,472||-0.41 %||Nov 13|
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November 14, 2018
A flash release by the Federal Statistics Office (Destatis) on 14 November showed that the German economy shrank for the first time since Q1 2015 and at the fastest pace since the first quarter of 2013.
November 13, 2018
In October, consumer prices rose 0.2% over the prior month, down from September’s 0.4% increase.
November 8, 2018
September trade data proved underwhelmingly, as exports contracted for the fourth time in the last six months, falling 0.8% month-on-month.
November 7, 2018
Industrial production expanded 0.2% over the previous month in September in seasonally-, price- and working-day adjusted terms.
October 26, 2018
The forward-looking GfK Group Consumer confidence indicator is expected to remain stable at 11.6 points in November, reflecting a mixed mood in backward-looking underlying confidence indicators for October that are released simultaneously.