German economy tacks on

German economy tacks on

In the second quarter, all of the sectors of the German economy managed to ascend, as data disclosed, with firm domestic activity helping to soften risks to exports given rather an uncertain global trade outlook.

State spending and construction expanded the most, both rallied by about 0.6% quarter on quarter. However, the head of one economic institute told that a record public sector surplus suggests that government investments need to be increased faster.

On Friday, the Federal Statistics Office figures that actually matched a preliminary overall surge outcome of 0.5% confirmed the EU’s leading economy’s soaring reliance on domestic drivers.

As a matter of fact, private consumption extended its surge run to six straight quarters, demonstrating steady dips in unemployment during what has been a long period of economic revival.

The given leap has powered criticism of the German government by its euro zone partners for not backing their economies by allocating more of its budget surplus for investments.

After the data also disclosed the overall public sector surplus edged up to a record maximum of 48.1 billion euros in the first half of 2018, the president of the DIW economics institute openly underpinned more investments.

The German economy has traditionally been export-oriented. In recent quarters, that sector's prominence has gone down, and trade clashes between America and its largest trading partners, including the European bloc diminishes its influence further.

Imports tacked on by up to 1.7% in the second quarter. At the same time, exports managed to add 0.7%, ending up with net trade diving by nearly 0.4% from surge.

Last month, US leader, who has slapped duties on aluminum and steel imports from the European block, agreed to postpone slapping tariffs on vehicles imported from the EU, while the two parties negotiate over other trade issues.



Latest news

Will USD Stop Falling Today? Market Wrap
Will USD Stop Falling Today? Market Wrap

The US dollar is heading to close the seventh day in the red as it remains under selling pressure. The US data at 15:30 GMT+3 (jobless claims and Philly Fed Manufacturing Index) may support the greenback if it's strong. 

Deposit with your local payment systems

Be on top of your game

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera