Germany Economic Outlook
September 26, 2017Germany went to the polls on 24 September, timidly endorsing Chancellor Angela Merkel for a fourth term, with her CDU party receiving the largest share of the vote. The SPD, Merkel’s current coalition partner, suffered a humiliating defeat and has ruled out forming a coalition with the CDU, so it will take on the role of lead opposition party. The nationalist AfD party came in third place, marking the first time since 1960 a far-right party has entered the Bundestag. Ms. Merkel will now attempt to form a coalition with the Greens and the liberal FDP; negotiations could stretch into early next year. Markets reacted negatively to the news, and the euro had its worst day of the year. In the longer term, however, the election should have little impact on the country’s economic performance, which continues to benefit from solid fundamentals. Business and consumer confidence remain high, which has translated into robust retail sales and industrial production.
Germany Economy Data
5 years of Germany economic forecasts for more than 30 economic indicators.
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|Bond Yield||0.11||-9.38 %||Oct 13|
|Exchange Rate||1.18||-0.09 %||Oct 13|
|Stock Market||12,992||0.07 %||Oct 13|
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Germany Economic Growth
September 26, 2017Economic growth is expected to be broad-based heading into next year. Tight labor market conditions should yield higher wage demands in upcoming collective bargaining rounds, while fixed investment should start picking up on the back of sustained business confidence. The external sector should also continue providing solid support, thanks to the global economic upswing currently underway. Our panel expects GDP will grow 2.0% in 2017. For 2018, the panel expects GDP growth of 1.8%, which is unchanged from last month’s forecast.
Germany Economic News
October 9, 2017
In August, industrial production increased 2.6% from the previous month in seasonally and working-day adjusted terms, contrasting the small 0.1% contraction in July.
September 28, 2017
Consumer prices increased 0.1% over the previous month in September, matching the prior month’s increase, according to preliminary data released by the Federal Statistics Office (Destatis) on 28 September.
September 28, 2017
The forward-looking consumer climate indicator published by the GfK Group inched down from 11.9 points in September to 11.8 points in October.
September 25, 2017
As predicted, the German parliamentary elections held on 24 September sent six parties into the Bundestag for the first time.
September 22, 2017
The Markit Flash Composite Purchasing Managers’ Index (PMI) rose to an over six year high of 57.8 in September, up from 55.8 in August.