trending Market Intelligence /marketintelligence/en/news-insights/trending/9sKlVQAI8EVDOcjTVyaPJQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Germany logs weakest GDP growth in 6 years

StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Germany logs weakest GDP growth in 6 years

The German economy grew 0.6% in 2019, the weakest pace of growth since 2013, compared to a 1.5% expansion rate in 2018, preliminary data from the country's Federal Statistics Office showed.

GDP was primarily supported by household final consumption expenditure, which rose by 1.6% on a price-adjusted basis, compared to the prior year's 1.3%. Government final consumption expenditure growth also accelerated, to 2.5% from 1.4%. Meanwhile, gross fixed capital formation increased 2.5%, down from 3.5% a year before.

The growth in the economy's exports slowed to 0.9% from 2.1% while that in imports slowed to 1.9% from 3.6%.

The service and construction sectors recorded mainly "high growth rates," the office said, adding that industrial output, which makes up about a quarter of the economy, slumped 3.6%, dragged by the automotive industry.

The number of people employed increased by about 400,000 to a record 45.3 million.

While it is uncertain whether the act of household consumption and government spending offsetting a manufacturing slowdown will continue in 2020, an expected global trade rebound, low interest rates and a weak euro should support the export sector, wrote Carsten Brzeski, chief economist at ING Germany.

However, the economy is in a worse shape structurally than before, restraining the country's ability to benefit from a global rebound, Brzeski said, calling for new reforms and investment.

The government recorded a budget surplus of 1.5% of GDP. Europe's largest economy, which is keen to stick to a balanced budget for 2020, has been facing calls to increase fiscal spending to spur growth.

The euro rose 0.2% against the dollar around 7:51 a.m. ET.

Data on initial fourth-quarter 2019 GDP will be published Feb. 14, with detailed results due Feb. 25.