Im Mai 2015 war der Bestand an von Investmentfonds (ohne Geldmarktfonds) im Euro-Währungsgebietbegebenen Anteilen 106 Mrd € höher als im April dieses Jahres.Maßgeblich hierfür war der Nettoabsatz von Investmentfondsanteilen.

The emerging market economies have grown significantly over the past 20 years, increasingly becoming the engine fuelling global growth. Recently, however, economic momentum in China, Russia and other countries has tailed off considerably. In the July Monthly Report, the Bundesbank's economists look into the drivers behind this development.

The number of counterfeit euro banknotes seized by the Bundesbank in the first half of 2015 was up 31% on the second half of 2014. However, measured against the amount of cash in circulation in Germany, the incidence of counterfeits remained low, said Bundesbank Executive Board member Carl-Ludwig Thiele. Of all the denominations, €20 and €50 banknotes were counterfeited particularly frequently.

According to the current issue of its Monthly Report, the Bundesbank sees the German economy as having continued to pick up speed in the second quarter, with strong levels of consumption and the robust upswing in the export business being the main drivers of economic growth.

The group of emerging market economies have experienced impressive growth over the past 20 years, substantially boosting their share of global economic output and worldwide trade. Recently, however, economic momentum has tailed off considerably in a large number of emerging market economies, and the growth lead they once enjoyed over the industrial countries has narrowed.

Im Mai 2015 wies die Leistungsbilanz des Euro-Währungsgebiets einen Überschuss von 18,0 Mrd € auf. In der Kapitalbilanz war bei den Direktinvestitionen und Wertpapieranlagen zusammen-genommen ein Anstieg der Forderungen um 99 Mrd € und der Verbindlichkeiten um 58 Mrd € zu verzeichnen.

In the first quarter of 2015, the financial assets of households rose exceptionally steeply by just under €140 billion (ie 2.8%) on the quarter, climbing to a figure of €5,212 billion.