Germany’s current account recorded a surplus of €21.2 billion in July 2026. The result was €2.3 billion up on the level of the previous month. This was mainly due to a larger goods account surplus. By contrast, there was a decrease in the surplus in invisible current transactions, which comprise services as well as primary and secondary income. 

German banks tightened their credit standards for loans to enterprises, for housing loans to households as well as for consumer credit and other loans to households in the second quarter 2026.

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 statistics on services by mode of supply provide information on how the service was provided. A distinction is made between four categories.

On the occasion of the 100th birthday of the German balance of payments, an anniversary volume was published by Springer-Verlag, which can also be downloaded free of charge at the following link.

“Oil and gas prices keep going up and down. Financial markets are very volatile. There is a lot of uncertainty. […] But the meeting-by-meeting approach has served us well in the past and will certainly do so in the future,” said Joachim Nagel in an interview with French newspaper “Le Monde”. In the interview, Mr Nagel spoke about current economic developments in Germany, the possibility of interest rate rises at the next ECB Governing Council meeting, and the need for common European solutions.

Monthly turnover data are available for industry and the retail trade sector. Quarterly time series are published for the services sector. The results for the retail trade are also included in the calculation of private consumption.