Now it’s your turn! Put your hand on a real bar of gold and try to lift it. No mean feat, given that it weighs 12.5 kg. Sadly, you can’t take it home with you.

Executive Board member Michael Theurer will be presenting the Bundesbank’s Financial Stability Review at a press conference at 11:00 CET on 21 November 2024. The press conference will be streamed live on the internet.

Germany’s current account recorded a surplus of €18.5 billion in May 2024, down €6.6 billion on the previous month’s level. The goods account surplus increased slightly, but the deficit in invisible current transactions widened to a far greater extent.

German economic output probably grew somewhat more slowly in the second quarter than expected, the Bundesbank writes in its latest Monthly Report. According to the Bundesbank, temporary hopes of an end to the weakness in the industrial sector were not realised, as industrial output declined sharply in May. In contrast to this, the recovery in the services sector continued, buoyed in part by private consumption. The inflation rate was somewhat lower again in June. Bundesbank economists believe that economic activity is likely to strengthen somewhat in the third quarter, but could fall a little short of the expectations expressed in the Bundesbank’s June forecast for Germany.