Germany’s economy shrank by 0.3% in Q2

Germany’s economy shrank by 0.3% in Q2

Industrial production performed worse than initially assumed, says the statistics office.

In Q2, Germany’s total exports of goods and services were down 0.1% from the first quarter. (EPA Images pic)
BERLIN:
The German economy contracted by 0.3% in the second quarter (Q2) of 2025 compared with the previous quarter, the statistics office said today, revising its preliminary reading of a 0.1% contraction.

“Industrial production, in particular, performed worse than initially assumed,” the statistics office said.

Household consumption in Q2 was revised downwards to a 0.1% increase due to new information available on the services sectors, such as the monthly statistics of accommodation and food services for June.

“Government spending increased by 0.8% in the previous quarter,” the statistics office said.

Investment decreased significantly in Q2, by 1.4%.

No positive contributions came from foreign trade either.

In Q2, total exports of goods and services were down 0.1% from the first quarter.

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