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German Q3 GDP Rebound Confirmed
Germany's GDP growth was confirmed at a seasonally-adjusted 0.1 percent in the third quarter of 2019, compared to a 0.2 percent contraction in the previous three-month period. Private and public spending increased at a faster pace, investment in construction rebounded, and net external demand contributed positively to the GDP. Year-on-year, the economy grew a calendar-adjusted 0.5 percent in the September quarter, after a 0.3 percent advance in the previous three-month period. On an unadjusted basis, the economy expanded by 1.0 percent, recovering from a 0.1 percent contraction in the second quarter.
Published on 2019-11-22

German Economy Avoids Recession in Q3
Germany's gross domestic product grew by a seasonally-adjusted 0.1 percent on quarter in the three months to September 2019, rebounding from a revised 0.2 percent fall in the previous period and beating market expectations of a 0.1 percent contraction, a preliminary estimate showed. Growth was supported mainly by private and public spending, and investment in construction. Year-on-year, the economy expanded by a calendar-adjusted 0.5 percent in the third quarter, following a 0.3 percent growth in the previous three-month period and matching forecasts. On an unadjusted basis, the economy expanded 1.0 percent, recovering from a 0.1 percent contraction in the second quarter.
Published on 2019-11-14

German GDP Contraction Confirmed in Q2
The German economy contracted a seasonally-adjusted 0.1 percent on quarter in the three months to June 2019, unrevised from the preliminary estimate and following a 0.4 percent growth in the previous period. Net external demand contributed negatively to the GDP as exports fell faster than imports, while investment in construction declined markedly. Year-on-year, the economy expanded a calendar-adjusted 0.4 percent in the June quarter, slowing from a 0.9 percent expansion in the previous three-month period. On an unadjusted basis, the economy stagnated, after a 0.8 percent advance in the first quarter.
Published on 2019-08-27

German Economy Contracts in Q2 as Exports Fall
Germany's gross domestic product contracted by a seasonally-adjusted 0.1 percent on quarter in the three months to June 2019, following a 0.4 percent expansion in the previous period and matching market expectations, a preliminary estimate showed. Net external demand contributed negatively to the GDP, mainly due to a slump in exports, while fixed capital formation in construction also declined.
Published on 2019-08-14

German Q1 GDP Rebound Confirmed
The German economy advanced a seasonally-adjusted 0.4 percent on quarter in the first quarter of 2019, unrevised from the preliminary estimate and after showing no growth in the previous period. The expansion was mainly supported by the fastest increase in household spending in eight years, a pick-up in construction activity and rising exports. Year-on-year, the economy expanded a calendar-adjusted 0.7 percent in the first quarter, following a 0.6 percent growth in the previous three-month period. On an unadjusted basis, the GDP rose by 0.6 percent, slowing from a 0.9 percent expansion in the December quarter.
Published on 2019-05-23

German Economy Returns to Growth in Q1
The German economy advanced a seasonally-adjusted 0.4 percent on quarter in the three months to March 2019, after showing no growth in the previous period and matching market expectations, a preliminary estimate showed. Fixed investment and household consumption led the expansion. Year-on-year, the economy expanded a calendar-adjusted 0.7 percent in the first quarter, following a 0.6 percent growth in the previous three-month period and also in line with forecasts. On an unadjusted basis, the GDP rose by 0.6 percent, easing from a 0.9 percent increase in the December quarter.
Published on 2019-05-15

German Q4 Economy Stagnation Confirmed
The German economy stagnated in the fourth quarter of 2018 after a 0.2 percent contraction in the July-September period, which was the first time GDP shrank since 2015. An increase in public spending, household consumption and fixed investment offset a negative contribution from inventory changes while net foreign trade was neutral. Year-on-year, the economy expanded a calendar-adjusted 0.6 percent in the fourth quarter, slowing markedly from a 1.1 percent growth the previous three-month period. On an unadjusted basis, the GDP grew by 0.9 percent, weaker than a 1.1 percent advance in the September quarter.
Published on 2019-02-22

German Economy Stalls in Q4, Avoids Recession
The German economy stalled in the fourth quarter of 2018, missing market expectations of a 0.1 percent growth and following a 0.2 percent contraction in the July-September period, which was the first time GDP shrank since 2015. Positive contributions came from fixed investment, household consumption and government spending, while net foreign demand gave no contribution to growth. Year-on-year, the economy expanded a calendar-adjusted 0.6 percent in the December quarter, following a 1.1 percent growth in the previous three-month period. On an unadjusted basis, the GDP grew by 0.9 percent, weaker than a 1.1 percent advance in the third quarter.
Published on 2019-02-14

German Q3 GDP Contraction Confirmed
The German economy shrank a seasonally-adjusted 0.2 percent on quarter in the three months to September of 2018, unrevised from the preliminary estimate and after a 0.5 percent growth in the previous period. This was the first quarterly contraction since the first quarter of 2015 due to declines in both exports and household consumption. Year-on-year, the economy expanded a calendar-adjusted 1.1 percent in the third quarter, following a 2 percent growth in the previous three-month period. On an unadjusted basis, the GDP grew by 1.1 percent, much weaker than a 2.3 percent advance in the June quarter.
Published on 2018-11-23

German GDP Contracts for 1st Time in 3-1/2 Years
The German economy shrank 0.2 percent on quarter in the three months to September 2018, worse than market expectations of a 0.1 percent fall and following a 0.5 percent growth in the previous period, a preliminary estimate showed. This was the first quarterly contraction since the first quarter of 2015 due to declines in both exports and household consumption. Year-on-year, the economy expanded a calendar-adjusted 1.1 percent in the September quarter, following a 2 percent growth in the previous three-month period. On an unadjusted basis, the GDP grew by 1.1 percent, much weaker than a 2.3 percent advance in the June quarter.
Published on 2018-11-14

German Q2 GDP Growth Confirmed at 0.5%
The German economy advanced a seasonally-adjusted 0.5 percent on quarter in the three months to June of 2018, following a 0.4 percent growth in the previous period and matching the preliminary estimate. Domestic demand supported the expansion while net exports contributed negatively to GDP growth. Year-on-year, the economy expanded a calendar-adjusted 2 percent in the second quarter, the least since the fourth quarter of 2016, following a 2.1 percent growth in the prior period. On a non-seasonally adjusted basis, the German economy grew by 2.3 percent, much faster than a 1.4 percent expansion in the first quarter.
Published on 2018-08-24

German Q2 GDP Growth Stronger than Expected
The German economy grew a seasonally-adjusted 0.5 percent on quarter in the three months to June 2018, following an upwardly revised 0.4 percent expansion in the previous period and beating market consensus of 0.3 percent, a preliminary estimate showed. Growth was boosted by both private and public consumption and by investment in equipment and construction. Year-on-year, the economy expanded a calendar-adjusted 2 percent in the second quarter, following a 2.2 percent growth in the previous three-month period and slightly below expectations of 2.1 percent. On an unadjusted basis, the GDP rose by 2.3 percent, much stronger than an upwardly revised 1.4 percent growth in the March quarter.
Published on 2018-08-14

German Q1 GDP Growth Confirmed at 1-1/2-Year Low
The German economy expanded a seasonally-adjusted 0.3 percent on quarter in the three months to March of 2018, following a 0.6 percent growth in the previous period and matching the preliminary estimate. It was the weakest pace of expansion since the September quarter of 2016. Year-on-year, the economy expanded a calendar-adjusted 2.3 percent, after a 2.9 percent growth in the prior period and in line with the preliminary figure. It was the lowest growth rate since the June quarter 2017. On a non-seasonally adjusted basis the economy grew by 1.6 percent year-on-year, much slower than a 2.3 percent expansion in Q4.
Published on 2018-05-24

German Q1 GDP Growth Weakest in 1-1/2 Years
The German economy expanded a seasonally-adjusted 0.3 percent on quarter in the three months to March 2018, following a 0.6 percent growth in the previous period and missing market expectations of 0.4 percent, a preliminary estimate showed. It was the slowest pace of expansion since the third quarter of 2016, when growth was also 0.3 percent, due to weaker trade and a fall in government spending. Year-on-year, the economy expanded a calendar-adjusted 2.3 percent in the first quarter, easing from a 2.9 percent growth in the previous three-month period and missing market expectations of 2.4 percent. On an unadjusted basis, the GDP rose by 1.6 percent, also below market consensus of 1.8 percent.
Published on 2018-05-15

German Q4 GDP Growth Confirmed at 0.6%
The German economy grew a seasonally-adjusted 0.6 percent on quarter in the three months to December of 2017, following a 0.7 percent expansion in the previous period and matching the preliminary estimate. Growth was mainly driven by foreign demand while household consumption and fixed investment were unchanged from the previous quarter. Year-on-year, the economy expanded a calendar-adjusted 2.9 percent, the most since the third quarter of 2011 and following a 2.7 percent growth in the previous period. Meantime, unadjusted data showed the economy advanced 2.3 percent on the year, following a 2.2 percent expansion in the previous period. Considering 2017 as a whole, the GDP growth was confirmed at 2.5 percent on a calendar-adjusted basis (vs 1.9 percent in 2016) and at 2.2 percent on a price-adjusted basis (vs 1.9 percent in 2016).
Published on 2018-02-23

German Q4 GDP Growth Weaker than Expected
The German economy expanded a seasonally-adjusted 0.6 percent on quarter in the three months to December of 2017, after a downwardly revised 0.7 percent growth in the previous period and below market expectations of 0.8 percent, the preliminary estimate showed. Positive contributions came mainly from foreign trade while household consumption was almost unchanged. Year-on-year, the economy expanded a calendar-adjusted 2.9 percent, following a downwardly revised 2.7 percent growth in the previous period. It was the strongest pace of expansion since the third quarter of 2011. Meantime, unadjusted data showed the economy advanced 2.3 percent on the year, following a 2.2 percent expansion in the previous period. For 2017 full year, the economy grew by 2.2 percent, faster than 1.9 percent in 2016.
Published on 2018-02-14

German Q3 GDP Growth Confirmed at 0.8%
The German economy expanded a seasonally-adjusted 0.8 percent on quarter in the September quarter of 2017, following a 0.6 percent growth in the previous period and matching the preliminary estimate. It marked the 13th straight quarter of growth, mainly supported by foreign trade and investment while household consumption and government spending were rather stable. Year-on-year, the GDP advanced 2.8 percent, following an upwardly revised 2.3 percent expansion in the previous three months. On a non-seasonally adjusted basis the economy grew by 2.3 percent from a year earlier (from 1.0 percent in Q2).
Published on 2017-11-23

German Q3 GDP Growth Stronger than Estimated
The German economy expanded a seasonally-adjusted 0.8 percent on quarter in the September quarter of 2017, following a 0.6 percent growth in the previous period and beating market expectations of a 0.6 percent expansion, the preliminary estimate showed. Positive contributions mainly came from fixed investment and net trade while household consumption and government spending were stable. The July-September expansion marked a 13th consecutive quarter of growth.
Published on 2017-11-14

German Q2 GDP Growth Confirmed at 0.6%
The German economy expanded a seasonally-adjusted 0.6 percent on quarter in the second quarter of 2017, following a 0.7 percent growth in the previous period and matching the preliminary estimate. It marked the 12th straight quarter of expansion, mainly supported by domestic demand and investment while net trade had a downward effect. Year-on-year, the GDP advanced 2.1 percent, following a 2.0 percent growth in the previous three months. On a non-seasonally adjusted basis the economy grew 0.8 percent year-on-year, after a 3.2 percent growth in Q1.
Published on 2017-08-25

German Q2 GDP Growth Slightly Below Forecasts
The German economy expanded a seasonally-adjusted 0.6 percent on quarter in the three months to June of 2017, missing market expectations of 0.7 percent and following an upwardly revised 0.7 percent growth in the previous period, the preliminary estimate showed. Positive contributions came from household consumption, fixed investment and government spending while net trade dampened an overall expansion. Year-on-year, the economy grew 2.1 percent, the most in three years.
Published on 2017-08-15