Germany's Economy Grows Modestly in Q1

In a sign of resilience, Germany's economy expanded by 0.2% in the first quarter of the year, according to preliminary data released by the Federal Statistical Office (Destatis) on Wednesday. This growth, adjusted for price, seasonal, and calendar effects, highlights a cautious optimism amidst global economic uncertainties.

Yearly and Monthly Comparisons Show Mixed Results

When compared to the same period last year, the GDP saw a slight decline of 0.4%. Additionally, a month-on-month decrease of 0.2% was observed, indicating the challenges faced by Europe's largest economy.

Household Spending and Capital Formation on the Rise

The report also pointed out an increase in household final consumption expenditure and capital formation compared to the final quarter of 2024, suggesting areas of strength within the economy.