Contrary to expectations, German economic output fell slightly in the second quarter of 2024, the Bundesbank writes in its latest Monthly Report. Real gross domestic product (GDP) recorded a quarter-on-quarter decline of 0.1% on a seasonally adjusted basis. Despite stabilising demand, industrial output resumed its downward trend in the second quarter. In the first quarter, it had experienced a brief recovery.

The certificate is signed with the SHA-256 algorithm by the Bundesbank Root CA 2015 II and is valid for 2 1/2 years. 

Die Leistungsbilanz des Euroraums wies im Juni 2024 einen Überschuss von 51 Mrd. € auf, was einem Anstieg von 13 Mrd. € gegenüber dem Vormonat entspricht. Dahinter verbargen sich Überschüsse im Warenhandel (39 Mrd. €), beim Primäreinkommen (14 Mrd. €) und bei den Dienstleistungen (12 Mrd. €), denen ein Defizit beim Sekundäreinkommen (14 Mrd. €) gegenüberstand.

All euro coins have a common "European" side and a national side. The common side has the same design in all the euro-area member states.

The Bundesbank regularly investigates the payment behaviour of the population in Germany.

The certificate is signed with the SHA-256 algorithm by the Bundesbank Root CA 2015 II and is valid for six years.

It is often said that wage moderation in Germany was the primary cause of the current account imbalances in the euro area that emerged prior to the financial crisis. A new study puts this hypothesis to the test.

Some basic information to help you as you enter the world of work in Germany.

Gaetan talks about his journey to becoming a Bundesbank data warehouse architect and how he takes advantage of the working conditions at the Bundesbank to do his job.

The statistics on the money markets is on money market transactions, namely on secured, unsecured and certain derivatives money market transactions, concluded by monetary financial institutions (MFIs), with the exception of money market funds.

The Bundesbank has two stand-alone representative offices – one in New York and the other in Tokyo and many Bundesbank representatives, who are posted at German embassies or consulates general all over the world.

Germany’s current account posted a surplus of € 23.2 billion in June 2024, up € 4.9 billion on the previous month’s level. The goods account surplus decreased, yet the deficit in invisible current transactions narrowed to a far greater extent.

Alongside the functional documents, there is also information that does not directly relate to the functioning of TIPS. This includes, for instance, the TARGET Services pricing guide.

The auction procedure is used for issuing Federal bonds, five-year Federal notes, Federal Treasury notes and Treasury discount paper. The terms of each Federal security to be issued by auction are published.