wrapper

German economy still growing at a brisk pace

Monday, Jan 22 2018
German economy still growing at a brisk pace

Germany’s economy is continuing to expand at an exceptionally brisk underlying pace, the Bundesbank’s experts write in the January 2018 edition of the Bank’s Monthly Report. While they concede that the rate of growth registered in the fourth quarter of 2017 might fall somewhat short of the level observed one quarter earlier, they put this down in part to the brief lull in economic activity caused by two bridging days in October. “This will do nothing to dent the underlying strength and breadth of Germany’s economic upswing,” they note in the Monthly Report, highlighting that industrial orders and labour market conditions are in excellent shape, as is sentiment in both the business and consumer sectors.

Provisional calculations by the Federal Statistical Office indicate that German gross domestic product (GDP) expanded overall by 2.2% in real terms in 2017 (or 2.5% after calendar adjustment). Hence, aggregate growth outpaced the already rather strong rate of 1.9% registered back in 2016. “That owes much to a perceptible upturn in global activity, which provided broad stimulus for German industrial exports,” the Bank’s economists write. Industrial capacity utilisation levels rose substantially as a result, prompting businesses to step up their investment in new machinery and equipment.

More in this category: « Euro stronger ahead of ECB meeting Sterling up in a quiet Monday trade »

Latest from Editor

About Us

Forex Web News is part of Rolling Capital Network providing financial consulting.

Within the Forex Web News we provide our readers with expert and timely technical analyses, fundamental analyses and news; with one aim – for our readers to make best possible financial decisions.

Forex Web News desks and analysis department follow the international markets closely and create high quality proprietary content on a both daily and weekly basis.

.

All our analysts have several years of trading and analysis experience. The Forex Web News analysis team creates daily and weekly analyses and offer forecasts regarding where they believe the markets are heading. Our readers are provided with data displayed both in texts and on graphs, providing them the fullest understanding of what is happening in the market place.

We are constantly growing our news desks and our analysis departments as we strive to broaden the content we provide to visitors of the Forex Web News.

Disclaimer

Rolling-capital.com – The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate. All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. rolling-capital.com bears no responsibility for any trading losses you might incur as a result of using any data within the Forex Web News.