Stock reports pursuant to Annexes Z 5, Z 5a and Z 5b to the Foreign Trade and Payments Regulation can be submitted via file transfer in different file formats.

The German economy is likely to grow only slightly in the third quarter of 2026, according to the current issue of the Bundesbank’s Monthly Report. It notes that temporary stress factors are putting the brakes on the economic recovery for now. “Growth in the German economy is likely to pick up again in the fourth quarter,” the economists write.

The international importance of a currency is reflected not only in its use as a reserve or anchor currency, but also in its role as an invoicing currency in trade across national borders. In the current issue of the Monthly Report, our experts examine the euro’s international role as an invoicing currency and its potential. 

The European Stability Mechanism (ESM), the Deutsche Bundesbank, and Clearstream are participating in the first digital bond issuance by a European supranational issuer to be settled through the Pontes platform. Pontes is the Eurosystem platform for settling wholesale financial transactions using distributed ledger technology (DLT) directly in central bank money. The transaction marks the transition of Europe’s wholesale digital financial infrastructure from pilot projects to live deployment.

Since January 2022
President of the Deutsche Bundesbank
Member of the Governing Council of the ECB

German economic output is likely to have stagnated in the third quarter of 2026, the Bundesbank writes in its current Monthly Report. The economists attribute this interruption of the upward trend to temporary stress factors, however. These include the low water levels on the Rhine, the loss of competitiveness in the context of the Iran war and one-off effects related to the fuel rebate. In addition, high energy prices weighed on households’ purchasing power. The inflation rate rose significantly in September to its highest level since the end of 2023. The economists expect inflation to remain elevated for the time being.

Germany’s current account recorded a surplus of €10.3 billion in August 2026, down €11.5 billion on the previous month’s level. This was mainly attributable to a smaller goods account surplus. 

On this page you will find relevant code lists on reports in external sector.

The German economy has not slowed despite the war in the Middle East, Bundesbank President Joachim Nagel said at a joint press conference with Federal Finance Minister Lars Klingbeil as part of the meeting of G20 finance ministers and central bank governors in Asheville. Germany’s gross domestic product grew perceptibly in the first half of 2026, he noted. The global economy, too, remains robust despite repeated flare-ups of the conflict in the Persian Gulf.