German economic output is likely to have gone up slightly again in the second quarter of 2023, according to the Monthly Report. Private consumption has stabilised after previously having fallen. According to the experts, the fact that the labour market remained in good shape, wages rose sharply and price inflation did not continue to accelerate contributed to this development. Meanwhile, the decline in foreign demand was a drag on industry and the rise in funding costs dampened domestic investment. The Bundesbank is expecting the economy to recover haltingly later in the year.

The July 2023 issue of the Monthly Report highlights the financial industry’s options regarding digital money. Another article analyses cross-border liquidity flows and links them to the role of the banking system in Germany’s balance of payments. A third text discusses economic developments in emerging market economies. 

The June 2023 Monthly Report projects how the German economy is likely to develop up until 2025. Another article in the report analyses how bank interest rates in Germany change as monetary policy is tightened. A further contribution discusses the growing significance of central government’s off-budget entities.

The May 2023 edition of the Monthly Report comments on the economic situation in Germany in spring 2023.

The April 2023 Monthly Report describes the relationship between money market conditions and the remuneration of government deposits. It also presents the results of the new household wealth survey. In addition, it discusses the impact of the current crises on international payments and how sustainability risks are factored into banking supervision.

The March 2023 Monthly Report describes how the German balance of payments developed in 2022. It also discusses the significance of digitalisation for labour productivity. An additional article covers the profitability and financing of German enterprises in 2021.

The February 2023 edition of the Monthly Report comments on the economic situation in Germany in winter 2022/23.

The January 2023 issue of the Monthly Report explores how monetary policy has evolved from the monetary pillar to the monetary and financial analysis. Another article looks at yield curves in economic analysis. In addition, the Report addresses the question of how mobile payment methods are used in Germany. Finally, consumer access to cash in Germany is discussed on the basis of an evaluation of the geographical availability of cash withdrawal locations. 

The December 2022 edition of the Bundesbank’s Monthly Report describes the outlook for the German economy for 2023 to 2025. Furthermore, it discusses the recent rise in energy prices in the context of Germany’s price competitiveness. The report also features an article entitled “Access to cash in Germany – results of a representative public survey”.

The November 2022 edition of the Monthly Report comments on the economic situation in Germany in autumn 2022.