Open a free practice account and experience the Forex market risk-free with exclusive access to VT Trader™ 2.0.
Simulated conditions may differ from real conditions, and traders should not necessarily expect the same results from live trading.
|
Actual | Forecast | Previous | Revised Form | |
| 0.0% | 0.0% | 0.0% | N/A | ||
|
Final Version for 4th Quarter (s.a.)
GDP w.d.a. y/y: -2.4%, prel. -2.4%, pr. -4.8% (3Q), -5.8% (2Q),
From the Release: "The gross domestic product (GDP) in the fourth quarter of 2009 stagnated at previous quarter’s level (+0.0%), upon adjustment for price, seasonal and calendar effects. Hence the slight upward trend observed for the economy in the second (+0.4%) and third quarter of 2009 (+0.7%) did not continue. The economic development in the fourth quarter of 2009 was supported only by foreign trade: While exports rose 3.0% on the previous quarter, imports decreased (–1.8%). The resulting balance of exports and imports contributed 2.0 percentage points to the economic development. However, that positive contribution to growth was entirely offset by the negative development of domestic uses, which were down a total 2.1%. Both final consumption expenditure and gross fixed capital formation turned out to have a downward effect on growth." |
|||||
| 11/25 | 2/13 | 2/25 | 5/15 | 5/26 | 8/13 | 8/25 | 11/13 | 2/12 | 2/24 | ||
| Actual | -0.5% | -2.1% | -2.1% | -3.8% | -3.8% | 0.3% | 0.3% | 0.7% | 0.0% | 0.0% | |
| Forecast | -0.5% | -1.7% | -2.1% | -3.0% | -3.8% | -0.3% | 0.3% | 0.8% | 0.1% | 0.0% | |
| Previous | -0.4% | -0.5% | -2.1% | -2.2% | -3.8% | -3.5% | 0.3% | 0.4% | 0.7% | 0.0% | |
| Revised From | N/A | N/A | N/A | -2.1% | N/A | -3.8% | N/A | 0.3% | N/A | N/A | |
|
Actual | Forecast | Previous | Revised Form | |
| 0.0% | 0.1% | 0.7% | N/A | ||
|
Preliminary Version for 4th Quarter (s.a.)
GDP w.d.a. y/y: -2.4%, pr. -4.8% (3Q), -5.8% (2Q), -6.7% (1Q),
|
|||||
|
Actual | Forecast | Previous | Revised Form | |
| 0.7% | 0.8% | 0.4% | 0.3% | ||
|
Prelimanry Version for 3rd Quarter (s.a.)
GDP w.d.a. y/y: -4.8%, pr. -5.8% R+ (2Q), -6.7% (1Q),
-1.7% (4Q),
|
|||||
|
Actual | Forecast | Previous | Revised Form | |
| 0.3% | 0.3% | 0.3% | N/A | ||
|
Final Version for 2nd Quarter (s.a.)
GDP w.d.a. y/y: -5.9%, prel. -5.9% (2Q), pr. -6.7% R+ (1Q),
|
|||||
|
Actual | Forecast | Previous | Revised Form | |
| 0.3% | -0.3% | -3.5% | -3.8% | ||
|
Preliminary Version for 2nd Quarter (s.a.)
GDP w.d.a. y/y: -5.9%, forecast -6.6%, pr. -6.7% R+ (1Q),
From the Release: "As reported by the Federal Statistical Office (Destatis), the German economy expanded slightly in the second quarter of 2009 for the first time since the first quarter of 2008. Upon adjustment for price, seasonal and calendar variations, the gross domestic product increased 0.3% in the second quarter of 2009 on the previous quarter.The German economy expanded in the second quarter compared to the first quarter, surprising forecasts which saw another quarter of contraction. Full details were not available with this release, but the return to growth in the major economy within the Euro-zone is a positive sign that the Euro-zone can move back into growth as well. The preliminary version of Euro-zone 2nd quarter GDP showed the economy down 0.1%. German second-quarter expansion was led by increases in government spending, along with higher consumer spending and construction. On the year, the economy shrank 5.9%, an improvement from the first-quarter's 6.7%.
|
|||||
|
Actual | Forecast | Previous | Revised Form | |
| -3.8% | -3.8% | -3.8% | N/A | ||
|
Final Version for 1st Quarter (s.a.)
GDP w.d.a. y/y: -6.9%, prel. -6.9%, pr. -1.7% (4Q) ,0.8% (3Q), 1.7% (2Q),
From the Release: "As reported by the Federal Statistical Office (Destatis) already in its first release on 15 May 2009, Germany's economic performance declined against one quarter earlier for the fourth time in a row in the first three months of 2009. The gross domestic product (GDP) was 3.8% lower than in the fourth quarter of 2008, upon adjustment for price, seasonal and calendar effects. Compared with the previous quarter, the decline in the German economic performance is mainly due to the development of the balance between exports and imports of goods and services. As in the fourth quarter of 2008, German exports fell much more than German imports in the first three months of this year. While exports declined 9.7 % upon price adjustment, imports were down 5.4% against one quarter earlier so that the balance of exports and imports contributed – 2.2 percentage points to the decline of GDP. The negative economic development in the first quarter was also characterised by investments going down notably (– 7.9%). Capital formation in machinery and equipment, in particular, was much lower than in the last quarter of 2008. Enterprises invested 16.2% less in machinery, equipment and vehicles than in the last quarter of 2008. In contrast, the decline of capital formation in construction was comparatively small with – 2.6%. Inventories were run down considerably in the reporting quarter, thus reducing growth by 0.5 percentage points. Growth was stimulated only by final consumption expenditure of households and by government final consumption expenditure, which were 0.5% and 0.3% higher than in the quarter before." |
|||||
|
Actual | Forecast | Previous | Revised Form | |
| -3.8% | -3.0% | -2.2% | -2.1% | ||
|
Preliminary Version for 1st Quarter (s.a.)
GDP w.d.a. y/y: -6.9%, pr. -1.7% (4Q), 0.8% (3Q), 1.7% (2Q), 2.6% (1Q),
|
|||||
|
Actual | Forecast | Previous | Revised Form | |
| -2.1% | -2.1% | -2.1% | N/A | ||
|
Final Version for 4th Quarter (s.a.)
GDP w.d.a. y/y: -1.7%, prel. -1.7%, pr. 0.8% (3Q), 1.7% (2Q), 2.6% (1Q),
GDP in Germany declined 2.1% in the 4th quarter of 2008, which is the same figure reported in the advance release. The economy has been constricted by the pullback in global trade as a result of the global recession. Exports were off 7.3% in the quarter, and investment in plant and machinery declined 4.9%. Companies are spending less on machinery as they see lean economic times ahead, and are also cutting back jobs which weakens consumer confidence and household spending. Consumer spending was down 0.1%. |
|||||
|
Actual | Forecast | Previous | Revised Form | |
| -2.1% | -1.7% | -0.5% | N/A | ||
|
Advance Version for 4th Quarter (s.a.)
GDP w.d.a. y/y: -1.7%, forecast -1.4%, pr. 0.8% (3Q), 1.7% (2Q),
The German economy shrank 2.1% in the 4th quarter, a grim figure for the final three months of 2008. That was the steepest decline since 1990. Expectations had been for a 1.7% drop. This follows a 0.5% reduction in growth in the 3rd quarter. Since Germany is the biggest economy in the Euro-zone, its worse than expected result was reflected by a bigger than expected drop in Euro-zone GDP, which fell 1.5%. Germany, which relies heavily on exports, has seen global demand for its good suffer as the world's major economies fell into recession. From the Release: "In a seasonally adjusted quarter-on-quarter comparison, a negative influence on the gross domestic product in the fourth quarter of 2008 was exerted especially by fixed capital formation and by the balance of exports and imports because the price-adjusted decrease in German exports was much larger than that of imports. Final consumption expenditure, too, was slightly smaller than in the third quarter, which is mainly due to final consumption expenditure of households. Also, inventories were markedly up in the fourth quarter." |
|||||
|
Actual | Forecast | Previous | Revised Form | |
| -0.5% | -0.5% | -0.4% | N/A | ||
|
Final Version for 3rd Quarter (s.a.)
GDP w.d.a. y/y: 0.8%, prel. 0.8%, pr. 1.7% (2Q), 2.6% (1Q), 1.8% (4Q)
|
|||||