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The German economy at a glance
Ìý20072008
GDP growth2.50%+1.7%**
Consumer price inflation2.30%+3.3% ***
Producer prices2.10%+8.9% ***
Average gross earnings1.50%+2.5% *
Average earnings, wage earners1.50%+2.5% *
Average earnings, salaried staff1.20%Ìý
Unemployment8.40%7.7% ***
Retail salesÌý+3.8% ****
Private consumer spending0.00%+0.1% *
Imports8.40%+7.7% ****
Industrial production5.50%-1.5% ****
Labour costs1.00%+2.6% *
ÌýÌýÌý
Construction industryÌýÌý
Turnover total3.50%3.00%
Turnover, residential buildings-5.80%Ìý
Turnover, private non-residential2.30%Ìý
Turnover, public non-residential1.70%Ìý
Productivity5.90%3.30%
Incoming orders (total)4.20%0.20%
Incoming orders, buildings0.80%1.80%
Incoming orders, civil engineering8.10%-1.00%
Backlog of orders (total)7.50%+8.3%*
Backlog of orders, buildings6.80%+5.5%*
Backlog of orders, civil engineering8.50%+11.6%*
Employment0.50%-2.1%*
Sales of cement2.50%Ìý
Tender prices , residential7.20%2.50%
Tender prices, non-residential7.40%2.70%
Tender prices, civil engineering7.10%2.80%
Labour costsÌý+2.6%
Materials costs4.936.9
*1st quarter 2008
**2nd quarter 2008
***July 2008
****May 2008