• Germany edition
 

Jobs in Germany - in English

Hundreds of great job opportunities for foreign professionals at Germany's top employers - in cooperation with Monster, Experteer, Stepstone, and CareerBuilder.
What
Where
3,104
jobs available

For Recruiters

Find English-speaking professionals with The Local.
Advertise a vacancy
Outlook brightens as German trade picks up
Photo: DPA

Outlook brightens as German trade picks up

The economic outlook for Germany is brightening, its central bank said Friday, as improved trade data suggested Europe's biggest economy is slowly leaving its recent weakness behind it.

Published: 07 Jun 2013 12:48 CET

"The outlook for the German economy has become brighter again following the slowdown towards the end of 2012," the Bundesbank wrote in its June monthly report.

Despite continued tensions in the euro area, Germany could soon see a modest upturn as investment picks up again and exports -- traditionally the main engine of economic growth -- gain momentum, the central bank wrote.

"Although there has been no fundamental change in the underlying conditions, there has, above all, been no major deterioration either," the report said.

"Moreover, the world economy should pick up again in the course of this year. In the euro area, too, the economy appears to be bottoming out."

Just a day before, the European Central Bank tweaked its growth forecasts for the eurozone as a whole, predicting a contraction of 0.6 percent this year, but a return to growth of 1.1 percent next year.

For its part, the Bundesbank predicted that German gross domestic product would expand by 0.3 percent in 2013 and 1.5 percent in 2014.

That represents a slight downward revision from the previous forecasts in December when the central bank had been pencilling in growth of 0.4 percent and 1.9 percent respectively.

German growth, which shuddered to a halt at the end of last year, picked up only slightly to a meagre 0.1 percent in the first three months of this year.

The Bundesbank blamed that on "the especially persistent winter weather." In the second quarter, however, "the improved underlying trend should come to the fore, reinforced by catch-up effects," it said.

Industrial capacity would be "well utilised, the labour market would be buoyed by economic activity, and, given the currently planned fiscal policy course, the general government budget would be balanced," the Bundesbank continued.

It warned however, that the risks to this forecast "are largely on the downside."

"Much will depend on whether the economic situation stabilises in the euro-area crisis countries and whether expansionary forces will gain the upper hand there," it said.

The Bundesbank said that letting up on consolidation and reform efforts would have a negative effect on financial markets.

Also Friday, the economy ministry and the national statistics office Destatis published better-than-expected trade and industrial output data which underscored the scenario of a nascent recovery.

Industrial output grew by 1.8 percent in April, after already adding 1.2 percent the previous month.

Destatis calculated that German exports rose 1.9 percent from a month earlier in seasonally-adjusted terms to €93.1 billion, Destatis said. Imports rose by a slightly stronger 2.2 percent to €75.4 billion.

That meant the trade surplus inched up fractionally to €17.7 billion in April from €17.6 billion in March, the statisticians calculated.

The better than expected data was "positive news" and "a sign that the foreign trade is gaining momentum after the weak performance in the first quarter," said Natixis economist Johannes Gareis.

On a 12-month basis, exports grew by 8.5 percent year-on-year while imports advanced by 5.2 percent, Destatis said.

A breakdown showed that exports to eurozone countries increased by 4.3 percent year on year, while exports to countries outside Europe soared by 13.6 percent, "underscoring the view that Germany is counting on stronger demand from non-European markets," Gareis said.

AFP/mry

The Local (news@thelocal.de)


Don't miss...X
Left Right

Your comments about this article:

The comments below have not been moderated in advance and are not produced by The Local unless clearly stated. Readers are responsible for the content of their own comments. Comments that breach our terms and conditions will be removed.

Your German Career
In this week's JobTalk, Tanya Schober, who is originally from India, talks us through her journey to German citizenship.
In this week's My German Career, Anupama Gopalakrishna, who is originally from Bangalore in India, tells The Local about her new life in Frankfurt.
In this week's My German Career, US pastor Jeff Ingram, 54, talks about life in the church and the advantages as well as the downside of Germany's desire for order.
Working in a German office can be a tricky business, especially if you haven't quite mastered the language. The Local is here to help with some useful phrases to impress your colleagues.
In this week's My German Career, Yvonne Gruendler, 32, describes her job as a marketing officer after finding her way to Berlin via Asia and the UK.
European politicians of all hues have heaped praise on the German apprenticeship model. The Local's Patrick Reilly meets young Swedish jobseekers ready to head south for a salary, despite the language barrier.
German Employment News
Southern and central Bavaria have the lowest unemployment in the EU, according to figures released on Tuesday, with one business leader boasting the area has “de facto full employment”.
Germany said on Monday it would no longer accept applications for a programme to attract young Europeans to its job market due to overwhelming demand from crisis-ravaged countries.
For those looking for a career change or to simply experience life in Germany, teaching English may pave the path to success.
Starting out on a job hunt in Germany but not quite sure where might be worthy of your CV? Let us inspire you with this week's Job Talk, in which we list the country's favourite employers.
The number of jobless foreigners in Germany has increased to 541,000 including more than 400,000 from European countries. The figures appear to make a mockery of draft government proposals to kick out unemployed EU migrants.
Looking for a job in Germany but having trouble with your CV and cover letter? The Local has translated some German terms best avoided, courtesy of LinkedIn's annual list of "overrated" buzzwords.
StepStone Deutschland GmbH
Brüssel, Berlin, Düsseldorf, Warschau
Stepstone
Added 04/19/14

trivago GmbH
Düsseldorf
Stepstone
Added 04/19/14

SPORTFIVE GmbH & Co. KG
Hamburg
Stepstone
Added 04/19/14

DHL Express
Bonn
Stepstone
Added 04/19/14

Deutsche Post DHL
Bonn
Stepstone
Added 04/19/14

Deutsche Post DHL
Bonn
Stepstone
Added 04/19/14

Bigpoint GmbH
Hamburg
Stepstone
Added 04/19/14

StepStone Deutschland GmbH
Düsseldorf
Stepstone
Added 04/19/14

Deutsche Post DHL - Inhouse Consulting
Bonn
Stepstone
Added 04/19/14

Deutsche Post DHL - Inhouse Consulting
Bonn
Stepstone
Added 04/19/14