Germany Economic Outlook
May 28, 2019The economy grew faster than expected in Q1, owing to robust domestic demand and a positive contribution from the external sector despite lingering external headwinds. Upbeat household consumption, amid a tight labor market and easing inflationary pressures, and strong fixed investment powered the domestic economy. Data on the second quarter, meanwhile, is mixed but overall suggests that economic growth remained resilient in the quarter. Consumer confidence stayed elevated through May, and the composite PMI in April–May trended above the Q1 average. On the other hand, business confidence continued to tread water in April and May, and the downturn in the manufacturing sector seemingly intensified in the same period. Meanwhile, the grand coalition has come under renewed pressure after the Social Democrats suffered further electoral losses in local elections in Bremen and the European elections.
Germany Economic GrowthAlthough solid domestic fundamentals should continue to drive the economy, growth is expected to decelerate markedly this year as lingering external headwinds hit the export-oriented sectors. Brexit mystery, slowing Chinese growth, U.S.-China trade tensions and a possible flare-up in U.S.-EU trade tensions all pose downside risks. Met the why particular Consensus Forecast panelists expect the economy to expand 0.9% in 2019, which is unchanged from last month’s forecast, and 1.4% in 2020.
Germany Economy Data
5 years of Germany economic forecasts for more than 30 economic indicators.
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|Bond Yield||-0.24||0.41 %||Jun 13|
|Exchange Rate||1.13||0.65 %||Jun 13|
|Stock Market||12,169||-0.41 %||Jun 13|
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Germany Economic News
June 13, 2019
Harmonized consumer prices rose 0.3% month-in-month in May, down from the 1.0% increase logged in April.
June 7, 2019
Industrial production fell 1.9% month-in-month in April in seasonally- and calendar-adjusted terms, swinging from March’s 0.5% increase.
June 7, 2019
German exports plummeted at the start of the second quarter, dropping 3.7% month-on-month on a calendar- and seasonally-adjusted basis (March: +1.5% month-on-month).
May 28, 2019
German consumer confidence is expected to inch down to 11.1 in June from 11.2 in May, according to the forward-looking GfK Group Consumer Climate Index.
May 23, 2019
A detailed breakdown of national accounts data saw no revisions to the growth figures previously estimated.