The German economy grew by 0.4% in the first quarter of 2025 compared to the previous three months, according to the Federal Statistical Office, Report informs via Interfax.
A 0.2% increase was previously announced, and analysts did not expect this figure to be revised, Trading Economics notes.
The GDP growth rate was the highest since the third quarter of 2022. Consumer spending in January-March increased by 0.5%, while government spending fell by 0.3%.
Business investment grew by 0.9%. Exports increased by 3.2%, imports by 1.1%. The volume of the German economy in January-March didn't change compared to the same period last year.
A decrease of 0.2% was previously noted. In the fourth quarter of 2024, GDP decreased by 0.2% both year-on-year and quarter-on-quarter.