The Bundesbank’s October 2018 Monthly Report comments on trends in state government finances, the implementation of the debt brake and future budgetary surveillance. It also analyses the macroeconomic impact of uncertainty as well as the activities of multinationals against the backdrop of national economic statistics. Furthermore, the report contains an article on the growing importance of exchange-traded funds on the financial markets.

The monthly report contains: Economic conditions in Germany, Financial markets, Global and European setting, Monetary policy and banking business, Public finances.

The Bundesbank posted a profit of €1.0 billion for the 2016 financial year, compared with €3.2 billion in 2015. Owing to an allocation to the reserves, the remaining distributable profit amounted to €0.4 billion and was transferred in full today to the Federal Government pursuant to section 27 number 2 of the Bundesbank Act (Bundesbankgesetz).

The monthly report contains: Economic conditions in Germany, The economic scene in Germany around the turn of 2003-04, Foreign trade and payments, Global and European setting, Monetary policy, capital markets and banking business, Public finances.