Das Brutto-Emissionsvolumen am deutschen Rentenmarkt lag im März mit 135,1 Mrd € nur leicht unter dem Wert des Vormonats (136,7 Mrd €). Nach Abzug der Tilgungen und bei Berücksichtigung der Eigenbestandsveränderungen der Emittenten wurden im Ergebnis heimische Rentenwerte für 26,0 Mrd € begeben. Zugleich stieg der Umlauf ausländischer Schuldtitel am deutschen Markt um 19,9 Mrd €. Damit erhöhte sich der Umlauf von Schuldverschreibungen in Deutschland im März um 45,9 Mrd €.

German enterprises constitute net debtors vis-à-vis non-residents: Standing at €1750 billion at the end of March 2025, their liabilities arising from financial operations and trade credits, exceeded their corresponding assets of €1459 billion by €290 billion. Compared with the previous month, this is a change of -€36 billion.

on the topic of Corporate financial statements

The German Panel on Household Finances (PHF) is a representative panel survey on household finance and wealth in Germany, covering the balance sheet, pension, income, work life and other demographic characteristics of private households living in Germany.

Eleni worked in the Financial Stability Department during her internship. Read here how she views her time with us.

Die Hauptverwaltung in Berlin und Brandenburg bietet Fortbildungen für (angehende) Lehrkräfte sowie Vorträge für Schüler und Studierende an. Alle Veranstaltungen sind kostenfrei.

At the end of 2023, Germany’s outward primary and secondary foreign direct investment (FDI) rose by €16 billion to €1,618 billion. 

In this area all documents relevant for customer testing can be found. There are for example documents containing the T2 Mandatory Test Cases, the TARGET Services User Testing Calendar or the User Testing Terms of Reference. 

While the charts on the other webpages of this study illustrate the results of regularly asked core questions, here we show charts on an ad hoc basis mainly relating to special questions for research projects or policy advice.

In April, households expected their net household income to rise by an average of around €85 over the next 12 months. This represents an increase of around €25 in income growth expectations compared with the previous month. Expectations still vary significantly when broken down by factors such as household income, gender and, in particular, age group. The median remains constant at €125. This can be explained by the fact that a large share of individuals have considered income growth of between €0 and €250 to be most likely each month since this survey was launched.

The Deutsche Bundesbank conducts regular surveys of households’ expectations for unemployment, economic growth, rent prices, real estate prices, and interest rates on savings and loans. These data are used to calculate index figures, from which corresponding trends can be easily derived.

In April, households in Germany adjusted their expectations for real estate prices in their region slightly downwards. With an expected increase of 5.0% for the next 12 months, they were 0.1 percentage point lower than the previous month’s figure of 5.1%. When asked about their qualitative expectations in April, 54% (March: 57%) of households expected real estate prices to increase and an unchanged 8% anticipated them to decrease during this period.