Germany's GDP Growth in Q1

The Federal Statistical Office (Destatis) reported a preliminary 0.2% growth in Germany's price, seasonally and calendar adjusted gross domestic product (GDP) for the first quarter of the year. This marks a resilient performance amidst challenging economic conditions.

Yearly and Monthly Comparisons

Despite the quarterly growth, the GDP saw a 0.4% decrease compared to the same period last year and a 0.2% decline month-on-month, highlighting the volatile nature of the current economic landscape.

Consumption and Investment Trends

The report highlighted an increase in household final consumption expenditure and capital formation compared to the final quarter of 2024, suggesting a positive shift in consumer and business confidence.