Germany

Alemania IPC

Germany improves growth forecasts for 2025 while foreign sector continues to decline

Bankinter | Germany’s trade balance for August increases to €17.2 billion versus €16.3 billion (revised from €14.7 billion). Exports fell by 0.5% versus the rise of 0.2% expected against a 0.2% drop previously (revised from 0.6% down). Imports contracted by 1.3% versus a drop of 0.5% expected against a drop of 0.7% (revised from 0.1% down). Analysis team’s view: The increase in the balance is explained by the more pronounced…


alemania germany ZEW

Germany’s business climate index, compiled by IFO institute, falls to 87.7 points in September

Link Securities | Germany’s business climate index, compiled by the IFO institute, fell to 87.7 points in September from 88.9 points in August, significantly below the 89.2 points expected by FactSet analysts. September’s reading is the lowest for this index since last May. It also represents the sharpest monthly decline in the last 12 months, reflecting growing pessimism among German companies.In September, the sub-index reflecting German companies’ expectations fell to…


Alemania Economía

Germany approves first budget after relaxing fiscal rules with €116 billion total planned investment

Norbolsa | On Thursday, the German parliament approved the first budget after the radical reforms carried out at the beginning of the year to relax fiscal rules, including record investment to stimulate the economy in tandem with a commitment to increase defence spending. The budget includes a total investment of €116 billion, made possible by the €500 billion infrastructure fund and the exemption from considering defence spending as debt approved…


alemania germany ZEW

ZEW Economic Sentiment Index for Germany rises from 34.7 points in August to 37.3 in September

Link Securities | The index, which measures the perception of the German economy by large institutional investors and analysts, compiled by the ZEW institute, rose in September to 37.3 points from 34.7 points in August, exceeding the 27.6 points expected by FactSet consensus analysts. Meanwhile, the index that assesses this group’s perception of the current situation of the German economy fell in September to -76.4 points from -68.6 points in…


Alemania Economia

Declining global interest in German vehicles shifts German government’s focus to country’s role as military power in Europe

Intermoney | Not everything in Germany is a problem of US commercial aggression. According to the Bundesbank, the German economy could have grown by 50% more between 2021 and 2024 if its export industries had not been held back by problems such as labour shortages and bureaucracy. The central bank’s simulation suggests that German GDP would have expanded by 2.4 percentage points more during the period if exports had kept…


alemania germany ZEW

Germany’s GDP grows 0.2% year-on-year in 2Q25 compared to 0.3% in previous quarter, and below consensus estimate of 0.4%

Link Securities | According to the final reading of the data released by the German Federal Statistical Office, Destatis, Germany’s gross domestic product (GDP) contracted by 0.3% in 2Q25 compared to the previous quarter, more than the 0.1% contraction initially estimated, which was in line with the consensus of FactSet analysts. In 1Q25, Germany’s GDP had grown by 0.3% in quarterly terms. The decline in 2Q25 is the sharpest quarterly…


alemania reichstang

Germany to back draft 2026 budget that includes record €126.7 billion investment and €174.3 billion loan

Norbolsa | The German government will back a draft budget for 2026 on Wednesday that includes record investment of €126.7 billion and a loan of €174.3 billion as part of its fiscal bazooka for infrastructure and defence. The draft budget for 2026, with total spending of €520.5 billion, includes €126.7 billion in investments aimed at modernising the country (10% above 2025 and 70% above 2024).


eurozona superavit comercial

Germany records trade surplus of €18.4 billion in May, France increases deficit to €7.8 billion

Singular Bank | According to Destatis, in May, German exports fell by 1.4% compared to the previous month (versus -1.6% in April), standing at €129.4 billion. At the same time, imports contracted by 3.8% compared to the previous month (versus +2.2% in April), reaching a value of €111.1 billion. Given this development, Germany’s trade balance in May recorded a surplus of €18.4 billion, exceeding analysts’ consensus estimates (€15.7 billion). On…


Alemania PIB

German government approves €46 billion tax relief package

Bankinter | The German government has approved a tax relief package worth €46 billion (11% of GDP), which will need to be ratified by parliament. The stimulus includes a corporate tax cut of 1% a year from 2028 (to 25% from the current 30%) and deductions for the purchase of new machinery and other equipment. The Houses could pass it by the end of the summer. Bankinter analysis team’s view:…


Alemania Eurozona

Economic sentiment in Germany improves again, perception of Europe stands at 11.6 points

CdM | Economic sentiment has improved again in Germany. In the May survey, the ZEW indicator shows that, at 25.2 points, it is 39.2 points higher than in the previous month, thus clearly in positive territory. ‘With the arrival of the new government, some progress in the tariff disputes and a stabilising inflation rate, optimism has increased.’ This is according to ZEW President Professor Achim Wambach, who adds that ‘expectations…