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Press release 299 / 2018-08-14: Gross domestic product up 0.5% in the 2nd quarter of 2018

Gross domestic product, 2nd quarter of 2018

  • +0.5 % on the previous quarter (price, seasonally and calendar-adjusted)
  • +2.3 % on the same quarter a year earlier (price-adjusted)
  • +2.0 % on the same quarter a year earlier (price-and calendar-adjusted)

The German economy continues to grow. In the second quarter of 2018, the gross domestic product (GDP) rose 0.5% on the previous quarter after adjustment for price, seasonal and calendar variations. The Federal Statistical Office (Destatis) also reports that GDP growth in the first quarter of 2018 had been slightly smaller (+0.4%).

More : Gross domestic product up 0.5% in the 2nd quarter of 2018 …

Press release 300 / 2018-08-14: Consumer prices in July 2018: +2.0% on July 2017

Consumer price index, July 2018
• +2.0% on the same month a year earlier (provisional result confirmed)
• +0.3% on the previous month (provisional result confirmed)

Harmonised index of consumer prices, July 2018
• +2.1% on the same month a year earlier (provisional result confirmed)
• +0.4% on the previous month (provisional result confirmed)

Consumer prices in Germany were 2.0% higher in July 2018 than in July 2017. The inflation rate – measured by the consumer price index – thus decreased slightly again. In the preceding two months, the inflation rate had been just over two percent (June 2018: +2.1%; May 2018: +2.2%). Compared with June 2018, the consumer price index rose by 0.3% in July 2018. The Federal Statistical Office (Destatis) thus confirms its provisional overall results of 30 July 2018.

More : Consumer prices in July 2018: +2.0% on July 2017 …

Press release 301 / 2018-08-14: 44.8 million persons in employment in 2nd quarter of 2018

Employment growth by industries

Employment continued to increase in the second quarter of 2018 according to provisional results of the Federal Statistical Office (Destatis). The number of persons in employment whose place of employment was in Germany amounted to 44.8 million, which was again markedly above the previous year's level. Compared with the second quarter of 2017, the number of persons in employment increased considerably by 599,000 or 1.4%. The growth rate in the first quarter of 2018 (+1.5%) had been slightly higher, one of the reasons being the unusually good weather in the winter months of January and February 2018.

More : 44.8 million persons in employment in 2nd quarter of 2018 …

Noticeable price changes in July

Consumer prices of selected goods and servicesEnlarge picture

Get an overview of the most noticeable price changes for selected goods and services.

If you want to know how the prices of all product groups have developed please refer to our price kaleidoscope.

If you want to know by how much your personal inflation rate differs from the official one, just test our "personal inflation calculator".

IN FOCUS / 2018-07-25

Riesling: the Germans’ favourite wine

As every year, traditional wine festivals will soon be celebrated in many German wine-growing regions. There is one variety which will probably be offered everywhere despite the regional differences: weißer Riesling.

It still is the most widely grown vine variety in Germany. In 2017 it accounted for almost one quarter of the total area under vines, that is nearly 23,800 hectares or 23%. The wine region with the largest area under Riesling vines was the Pfalz (5,900 hectares), followed by the Mosel region (5,400 hectares) and Rheinhessen (4,600 hectares).

Ranking second among the most popular varieties in Germany was Müller-Thurgau with a cultivated area of 12,400 hectares. However, that area is getting smaller (– 226 hectares since 2016), while the area under Riesling vines has grown by 109 hectares compared with 2016.

Key figures

Population30.09.201782.7 mn
Persons in employment2nd Quarter 201844.8 mn
Economic growth (GDP)2nd Quarter 20180.5%
Inflation rate (CPI)July 20182.0%
Share in gross domestic product
Net lending20171.2%
Public debt201764.1%

European statistics

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