Deutschland Bip-Wachstum

The German economy expanded by 0.1% quarter-on-quarter in Q3 2024, revised down from an initial estimate of a 0.2% rise, and slightly rebounding from a 0.3% contraction in the previous period. Household consumption grew by 0.3%, recovering from a 0.5% decline in Q2, while government spending growth slowed to 0.4% from 1.6%. Fixed investments also fell at a softer pace (-0.1% vs. -2.1%), driven by smaller declines in construction (-0.3% vs. -2.2%) and machinery and equipment (-0.2% vs. -3.4%). Meanwhile, net trade contributed negatively to GDP, as imports rose 0.2% (vs. 1.2%) while exports dropped 1.9% (vs. 0.2%). On a yearly basis, the economy fell 0.3%, matching the same pace as in the previous period, and coming more than the initial estimates of a 0.2% drop.