Germany’s GDP increased +0.2% QoQ and +0.9% YoY in Q2 2026, extending the expansion at a slower quarterly pace as exports rose but consumption remained subdued and investment declined.

• Price-, seasonally, and calendar-adjusted GDP grew +0.2% QoQ in Q2, following a revised +0.4% QoQ increase in Q1, indicating that the economy continued to expand but lost momentum from the start of the year.

• GDP increased +0.9% YoY on both a price-adjusted and a price-and-calendar-adjusted basis, as the number of working days was unchanged from Q2 2025.

• Exports rose QoQ after adjustment for price, seasonal, and calendar effects, providing support to economic growth during the quarter.

• Final consumption expenditure showed a subdued trend in Q2, indicating that household and government spending provided limited support compared with exports.

• Capital formation declined QoQ, showing that investment weakened and offset part of the positive contribution from external demand.

• Q1 GDP growth was revised up by +0.1 ppt to +0.4% QoQ from the previously reported +0.3%, indicating stronger momentum at the beginning of 2026 than initially estimated.

• The 2024 GDP result was revised substantially from a -0.5% contraction to 0.0% growth, while 2025 growth remained unchanged at +0.2%, materially improving the historical assessment of Germany’s recent economic performance.

• Revisions to 2011–2021 raised cumulative GDP growth over that period by 0.8 ppts, reflecting new information on housing rents and household purchases abroad rather than a change in current economic conditions.