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MIL OSI Translation. Region: Germany / Germany –

Source: Destatis-Federal Statistical Office

Press release no. 304 of 14. August 2019

Gross domestic product (GDP), 2. Quarter 2019-0,1 % quarter-on-quarter (real, seasonally and calendar effects adjusted)0.0% for the prior-year quarter (in real terms) of 0.4% year-on-year (real and calendar)

WIESBADEN – The real (price-adjusted) gross domestic product in Germany was in the 2. Quarter of 2019 season and calendar adjusted to 0.1 % lower than in the 1. Quarter of 2019. As the Federal Statistical office (Destatis) further reports, has weakened the German economy’s performance a bit. In 1. Quarter of 2019 it still had an increase of 0.4 % to 4. Quarter of 2018 given.

Consumption and investment, support the economy, External balance inhibits the growth of

Positive impulses came in the quarter-on-quarter comparison (real, seasonally and calendar adjusted), according to preliminary calculations from the domestic market: private consumption expenditure were higher than in 1. Quarter, and also the state increased its consumption expenditure. In addition, the group invested more than 1. Quarter, with construction investment declined. The foreign economic development slowed economic growth, as exports declined compared to the previous quarter, stronger than that in imports.

In the year-on-year comparison, real GDP stagnated. Adjusted for the calendar effect, an increase of 0.4 %, as in 2. Quarter of 2019 a working day less than a year earlier. In 1. Quarter of 2019 had adjusted, the real GDP of 0.8 % (calendar: 0.9 %) and higher than in the prior-year quarter.

The economic performance in the 2. Quarter of 2019 was provided by a workforce of 45.2 million acquisition, which were 435 000 people, or 1.0 % more than the previous year.

Notes on the General revision of the National accounts

In addition to the initial calculation of the 2. Quarter of 2019 have been reviewed to this date, the whole of the calculations of the National accounts (NA) within the framework of the General revision 2019 fundamentally revised, as well as with the reference year 2015 is changed. To avoid breaks in the time series, were calculated the results for Germany back to 1991, so there may be modified results in the entire time series from 1991 onwards. For the real gross domestic product total new change rates, which deviate by up to 0.3 percentage points (years), or 0.6 percentage points (quarters) of the previous results up or down resulted in this. The overall economic picture has not changed by the Revision (see table “Old-New comparison, real gross domestic product” at the end of this press release). As every year, in August, newly available statistical information into the calculations of the results of the past four years (from 2015), as well as the 1 were. Quarter of 2019 included..

Gross domestic product, real

Original values

Values to X13
Seasonal and calendar adjusted
Calendar adjusted One
Calendar influence
2015 = 100
% Two
2015 = 100% Three
2015 = 100%Two
% Two

1 For years, the calendar-adjusted values equal the seasonally and calendar – adjusted values (except for rounding differences).

2 change over the previous year or the previous year’s quarter.

3 change compared with the year-on-year or quarter-on-quarter.

Q = Quarter

Two thousand fifteen

100,00
1,7
99,90
1,5
99,90
1,5
0,2
2016

102,23
2,2
102,04
2,1
102,04
2,1
0,1
2017

104,75
2,5
104,87
2,8
104,87
2,8
-0,3
2018

106,35
1,5
106,49
1,5
106,49
1,5
0,0
2015
Q1
98,03
1,3
99,10
-0,2
98,17
1,2
0,1
Q2
98,51
1,8
99,72
0,6
98,83
1,8
0,0
Q3
101,06
1,8
100,17
0,5
100,83
1,7
0,1
Q4
102,40
2,1
100,61
0,4
101,77
1,3
0,8
2016
Q1
99,97
2,0
101,41
0,8
100,50
The 2.4
-0,4
Q2
102,14
3,7
101,99
0,6
101,09
2,3
1,4
Q3
102,96
1,9
102,20
0,2
102,84
2,0
-0,1
Q4
103,85
1,4
102,57
0,4
103,74
1,9
-0,5
2017
Q1
103,58
3,6
103,79
1,2
102,89
The 2.4
1,2
Q2
103,17
1,0
104,37
0,6
103,45
2,3
-1,3
Q3
105,54
2,5
105,27
0,9
105,89
3,0
-0,4
Q4
106,71
2,8
106,04
0,7
107,24
3,4
-0,6
2018
Q1
105,28
1,6
106,18
0,1
105,30
2,3
-0,7
Q2
105,75
2,5
106,59
0,4
105,66
2,1
0,4
Q3
106,69
1,1
106,48
-0,1
107,09
1,1
0,0
Q4
107,66
0,9
106,70
0,2
107,90
0,6
0,3
2019
Q1
106,15
0,8
107,11
0,4
106,27
0,9
-0,1
Q2
105,78
0,0
107,03
-0,1
106,09
0,4
-0,4
Gross domestic product in current prices

Original values
Seasonal and calendar adjusted values X13
Billion Euros
Changes in %One
Billion Euros
Changes in %Two

1 changes compared with the previous year or previous quarter in %.

2 change over the previous year or previous quarter in %.

Q = Quarter

Two thousand fifteen
3 030,070
3,5
3 026,986
3,3
2016
3 134,100
3,4
3 128,355
3,3
2017
3 244,990
3,5
3 248,733
3,8
2018
3 344,370
3,1
3 348,879
3,1
2015
Q1
738,030
3,0
746,862
0,7
Q2
743,600
3,7
755,404
1,1
Q3
766,750
3,5
760,783
0,7
Q4
781,690
3,9
763,937
0,4
2016
Q1
762,120
3,3
774,274
1,4
Q2
779,710
4,9
780,985
0,9
Q3
789,190
2,9
784,473
0,4
Q4
803,080
2,7
788,623
0,5
2017
Q1
793,760
4,2
796,995
1,1
Q2
796,100
2,1
807,549
1,3
Q3
818,420
3,7
817,897
1,3
Q4
836,710
4,2
826,292
1,0
2018
Q1
819,260
3,2
828,320
0,2
Q2
827,660
4,0
836,138
0,9
Q3
836,960
2,3
837,295
0,1
Q4
860,490
2,8
847,126
1,2
2019
Q1
842,070
2,8
852,167
0,6
Q2
844,730
2,1
856,383
0,5
Old-New-comparison of gross domestic product, real

New Result
Previous Result
Chain index(2015 = 100)
Changes in %One
Chain index(2010 = 100)
Changes in %One
Seasonal and calendar adjusted values

1 seasonally and calendar – adjusted values: percentage change over the previous year or previous quarter in %

Q = Quarter

Two thousand fifteen
99,90
1,5
108,72
1,5
2016
102,04
2,1
111,06
2,2
2017
104,87
2,8
113,79
2,5
2018
106,49
1,5
115,44
1,5
2015
Q1
99,10
-0,2
107,92
– 0,1
Q2
99,72
0,6
108,55
0,6
Q3
100,17
0,5
108,90
0,3
Q4
100,61
0,4
109,49
0,5
2016
Q1
101,41
0,8
110,49
0,9
Q2
101,99
0,6
110,98
0,4
Q3
102,20
0,2
111,17
0,2
Q4
102,57
0,4
111,60
0,4
2017
Q1
103,79
1,2
112,84
1,1
Q2
104,37
0,6
113,46
0,5
Q3
105,27
0,9
114,12
0,6
Q4
106,04
0,7
114,73
0,5
2018
Q1
106,18
0,1
115,16
0,4
Q2
106,59
0,4
115,68
0,5
Q3
106,48
-0,1
115,45
– 0,2
Q4
106,70
0,2
115,47
0,0
2019
Q1
107,11
0,4
115,96
0,4
Q2
107,03
-0,1
x
x
Original values
2015
100,00
1,7
108,82
1,7
2016
102,23
2,2
111,26
2,2
2017
104,75
2,5
113,66
2,2
2018
106,35
1,5
115,28
1,4
2015
Q1
98,03
1,3
107,51
1,3
Q2
98,51
1,8
107,51
1,8
Q3
101,06
1,8
110,91
1,8
Q4
102,40
2,1
109,34
2,1
2016
Q1
99,97
2,0
109,68
2,0
Q2
102,14
3,7
111,45
3,7
Q3
102,96
1,9
113,05
1,9
Q4
103,85
1,4
110,86
1,4
2017
Q1
103,58
3,6
113,40
3,4
Q2
103,17
1,0
112,45
0,9
Q3
105,54
2,5
115,50
2,2
Q4
106,71
2,8
113,27
2,2
2018
Q1
105,28
1,6
114,95
1,4
Q2
105,75
2,5
115,09
2,3
Q3
106,69
1,1
116,77
1,1
Q4
107,66
0,9
114,30
0,9
2019
Q1
106,15
0,8
115,65
0,6
Q2
105,78
0,0
x
x

For more information about the national accounts General revision 2019, as well as detailed results for the 2. Quarter of 2019, the Federal Statistical office on the 27. August 2019 in a press release known. At this time, the results in the new, interactive National accounts-Dashboard updated.

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EDITOR’S NOTE: This article is a translation. Apologies should the grammar and/or sentence structure need be perfect.

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