Germany’s GDP grew 0.2% QoQ in Q1 2025, recovering slightly from the -0.2% QoQ decline in Q4 2024 and meeting consensus expectations.

• On a YoY basis, GDP was down -0.2% in line with expectations. German GDP growth on a YoY basis has been negative for seven consecutive quarters.
• Growth in Q1 was supported by increases in household consumption and capital formation.
• No revisions were made to previously published quarterly GDP figures after incorporating updated statistical information.