The ministry, in their monthly report, highlight the emissions scandal surrounding German carmakers is a risk to the economy

  • "Risks linked to how Brexit will shape out and future U.S. trade policies remain," the ministry said. "In addition, the so-called diesel crisis should be classified as a new risk to the German economy even though its effects are not possible to quantify at the moment."
  • "Given the importance of the automotive industry they (the effects of the diesel crisis) must be classified in the medium term as a risk to the overall economic development."


  • Strong household and state spending provided most of the impulse for the German economy in Q2
  • Weaker net foreign trade dampened growth(exports grew strongly less than imports)
  • Ministry expects the industrial sector to continue its upswing also in Q3
  • Notes robust orders, strong business sentiment indicators

Via Reuters