The May 2024 edition of the Monthly Report comments on the economic situation in Germany in spring 2024.

The April 2024 Monthly Report describes the development of households’ wealth accounts, outlines the impact of technological progress on energy efficiency and provides an overview of the creditor structure of government bonds in the euro area.

The March 2024 Monthly Report explains business dynamism in the euro area, discusses demand for banknotes in crises and presents the German balance of payments for 2023.

The February 2024 edition of the Monthly Report comments on the economic situation in Germany in winter 2023/24.

The January 2024 Monthly Report outlines the risks for Germany arising from economic integration with China. In addition, it provides an outlook on the future of cash.

The December 2023 Monthly Report projects how the German economy is likely to develop up until 2026. It also features an article discussing model-based recommendations for monetary policy decision-making. In addition, the report analyses the profitability and financing of German enterprises in 2022. A further contribution examines the challenges and current situation with regard to the regulation of crypto assets.

The November 2023 edition of the Monthly Report comments on the economic situation in Germany in autumn 2023.

The October 2023 edition of the Monthly Report examines whether German and euro area price competitiveness is favourable. It also describes how state government finances developed in 2022 and finds that, despite large surpluses overall, recourse to emergency loans was extensive in some cases.

German credit institutions’ performance tended to deteriorate in 2022, Bundesbank experts write in the current issue of the Monthly Report. Profit for the financial year before tax did manage to creep up on the whole and, at €27.4 billion, remained well above the long-term average. However, this was driven mainly by a one-off effect at one institution. According to the Bundesbank, most categories of banks recorded significantly lower annual profit for the reporting year than in 2021.

German economic output is likely to contract somewhat in the third quarter of 2023, the Bundesbank writes in its Monthly Report. It is unlikely that private consumption will offer any discernible positive impetus. Households are still reluctant to spend despite the slight easing in price inflation, strong wage growth and favourable labour market. In addition, weak industry is weighing on economic output.