Our leading indicator Early Bird and macroeconomic forecasts

Bird view on a meeting desk with hands of several persons tipping on a laptop, using pocket calculators taking notes or pointing to documents
© Commerzbank
7 June 2024

Germany – Early Bird crawls to the zero line

Our leading indicator for the German economy also rose slightly in May, but at -6 points it is still just below the zero line. The economy continues to be held back by a below-average global economic environment, which hardly changed in May. On the other hand, monetary policy is increasingly boosting the economy, which suggests that the economy will pick up in the second half of the year.