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.

“Economic output in Germany is likely to have risen sharply in the third quarter of 2020,” the Bundesbank writes in its latest Monthly Report. As measured by quarterly gross domestic product, the German economy may have already recouped slightly more than half of the dramatic losses sustained in the first half of the year. According to the experts, there will probably be only a relatively small rise in economic output in the current quarter.

Selected results of the financial accounts by sector

Germany’s current account recorded a surplus of €22.5 billion in October 2020, down €2.7 billion from the previous month’s level.

Germany’s current account recorded a surplus of €16.5 billion in August 2020, down €4.6 billion from the previous month’s level.

At the end of the first quarter of 2013, the financial assets of households rose by €52 billion, or 1.1%, on the previous quarter to just under €4,992 billion. The acquisition of financial assets was comparable to the first quarters of the previous years, with only a small percentage of this increase, around €5 billion, attributable to capital market gains.