In the Bundesbank’s estimation, the German economy is likely to have stagnated in the final quarter of 2019. The two-speed development of the economy continued, according to the latest Monthly Report.

Germany’s current account posted a surplus of €20.0 billion in July 2020, down €0.5 billion from the previous month’s level.

The financial accounts data for Germany announced in this press release are published for the first time pursuant to the provisions of the European System of Accounts 2010 (ESA 2010). This methodological framework replaced the previous ESA 1995 on 1 September 2014, and since then has constituted the binding basis for all relevant statistics in the European Union.

The financial assets of households rose by €64 billion, or 1.3%, on the previous quarter to €4,871 billion by the end of the third quarter.

The financial assets of households increased by €23 billion, or 0.5% on the quarter, to €5,027 billion at the end of the second quarter of 2013.

Selected results of the financial accounts by sector