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

Outlook for the German economy – macroeconomic projections for 2015 and 2016

“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.

A new weekly activity index (WAI) for the German economy has been developed at the Bundesbank to assess the impact of the COVID-19 crisis on the economy from a near-time perspective. The Bundesbank is using this new indicator as an input in its short-term economic analysis.

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