Kreditwachstum nach wie vor durch steigende Kreditnachfrage in allen Darlehenskategorien gestützt. Weitgehend unveränderte Kreditrichtlinien für Unternehmens- und Konsumentenkredite, weitere Lockerung bei Wohnungsbaukrediten. Lockerung der Bedingungen für die Gewährung von Unternehmenskrediten und Wohnungsbaukrediten. Fortgesetzte Stärkung der Kapitalpositionen als Reaktion der Banken auf regulatorische bzw. aufsichtliche Maßnahmen.

German banks adjusted their lending policies in the fourth quarter of 2017, chiefly with regard to credit terms and conditions, according to the Eurosystem’s latest Bank Lending Survey (BLS) among banks domiciled in Germany.

Germany’s strong and broadly based economic upswing continued into the fourth quarter of 2017. As the Bundesbank’s January Monthly Report explains, industrial orders and labour market conditions are in excellent shape, as are business and consumer sentiment.

Bundesbank President Jens Weidmann has sounded a warning against attaching too much importance to Germany’s high current account surplus. At a conference in Frankfurt am Main hosted jointly by the Bundesbank and the International Monetary Fund, he explained that it was partly a reflection of the very accommodative monetary policy in the euro area.

Veröffentlichungen der Europäischen Zentralbank

Initial calculations by the Federal Statistical Office indicate that price-adjusted gross domestic product in Germany rose by 2.2% last year. The strong growth on the demand side was broadly based and was supported by both external and domestic stimuli. In 2017, employment reached its highest level since German reunification.

Im November 2017 wies die Leistungsbilanz des Euro-Währungsgebiets einen Überschuss von 32,5 Mrd € auf.1 In der Kapitalbilanz waren bei den Direktinvestitionen und Wertpapieranlagen zusammengenommen ein Nettoerwerb von Forderungen in Höhe von 45 Mrd € und eine Nettoaufnahme von Verbindlichkeiten im Umfang von 30 Mrd € zu verzeichnen.

Bundesbank President Jens Weidmann says the Eurosystem’s asset purchase programme should be discontinued this year if growth in consumer price inflation remains upbeat. Speaking to the German newspaper Frankfurter Allgemeine Zeitung, he said he is confident that the Eurosystem is on a path towards its target inflation rate of below, but close to, 2%.

At the end of the third quarter of 2016, households' financial assets amounted to €5,478 billion; this figure was up by a considerable €76 billion (or 1.4%) from the second quarter of 2016.