Economy of Germany: the Decline in exports weaken economy – Handelsblatt

Brexit

The vote has severely affected the German economy.

(photo: Reuters)

Berlinto the Decline in exports and weakening investment after the Brexit vote is about half of German growth in the third quarter. Gross domestic product grew between July and September by 0.2 percent quarter-on-quarter, confirmed by the Federal Statistical office on Thursday an earlier estimate. In the spring, it was still 0.4 per cent, to the beginning of the year even 0.7 percent. “The German economic growth to lose momentum”, said the statistician.

the exports of Goods and services decreases due to the weakening of the global economy, by 0.4 percent, resulted in a. On the other, were in the company due to the uncertain Sales Outlook and the uncertainty after the Brexit vote of the British 0.6 percent less money in machines, vehicles and other capital goods. For buildings, in contrast, 0.3 percent more were issued. Saved to the recovery of the purchase-happy consumers, their spending was boosted by 0.4 percent.

How’s the economy in the Euro-Zone

• economic growth in Europe has slowed to the middle of the year. In the second quarter of the economic output in the 19 countries of the currency Union is only 0.3, after having risen in the first three months of the year 2016, and by 0.6 percent. In the European Union as a whole, the economy grew by 0.4 percent.

  according to analysts, the Brexit could dampen the vote in the course of the year, the growth of the economy.

• consumer prices in the Eurozone in July is minimally increased. As the statistics Agency Eurostat announced on Friday after a first estimate, increased the cost of living in the 19 States of the monetary Union by 0.2 percent. In June, they were up 0.1 percent, after having declined in April and may. Above all, the falling energy prices dampen the price increase. They went back in July to 6.6 percent.

• remained in The level of unemployment in Europe in June stable. You stayed in June with 10.1 percent in the Euro area and 8.6 percent in the whole of the European Union at the level of the previous month, the EU statistical office, reported to Eurostat. The highest unemployment rate recorded in France according to the most recent figures available in April, with 23.3 percent. In contrast, the German unemployment was, according to the European calculations in June at 4.2 percent.

• consumer prices in the Eurozone in July is minimally increased. As the statistics Agency Eurostat announced according to a first estimate, increased the cost of living in the 19 States of the monetary Union by 0.2 percent. In June, they were up 0.1 percent, after having declined in April and may. Above all, the falling energy prices dampen the price increase. They went back in July to 6.6 percent.

record employment, higher wages and low Inflation raise currently in the buying mood. Government consumption increased by 1.0 percent, mainly due to the expenditure for meals and accommodation of refugees.

Many experts expect the final quarter with more growth. The Markit-Institut is holding a Plus of 0.5 percent would be possible. For 2016, the German government expects growth of 1.8%, which is expected to slow by 2017 to 1.4 percent.