German economic output probably grew somewhat more slowly in the second quarter than expected, the Bundesbank writes in its latest Monthly Report. According to the Bundesbank, temporary hopes of an end to the weakness in the industrial sector were not realised, as industrial output declined sharply in May. In contrast to this, the recovery in the services sector continued, buoyed in part by private consumption. The inflation rate was somewhat lower again in June. Bundesbank economists believe that economic activity is likely to strengthen somewhat in the third quarter, but could fall a little short of the expectations expressed in the Bundesbank’s June forecast for Germany.

Von der Deutschen Bundesbank haben die meisten vielleicht schon einmal gehört. Aber was macht die deutsche Notenbank eigentlich genau? In unserer ersten Folge Finance Flash erklärt Yannick, was die wichtigsten und natürlich auch die spannendsten Aufgaben der Bundesbank sind. Bei „Wahr oder falsch?“ kann mitgeraten werden, was wirklich die Aufgaben der Bundesbank sind. Was ist Preisstabilität? Yannick erklärt das in 20 Sekunden. Warum 12,4 die Zahl der Woche ist? Mehr dazu im Video!

Over the past few years, growth in loans to enterprises in Germany has been characterised by unusually strong ups and downs. The current issue of the Monthly Report assesses whether such developments in lending were in line with economic and interest rate developments, and examines the role played by credit supply and credit demand factors. The Bundesbank’s economists anticipate a gradual recovery in loans to enterprises starting from the second half of 2024.