Germany’s GDP was flat (0.0% QoQ vs 0.0% QoQ expected) in Q3 2025 after a revised -0.2% QoQ (from -0.3% QoQ) decline in Q2, reflecting continued sluggish momentum at the start of the second half of the year.

• GDP was unchanged QoQ after seasonal and calendar adjustment, showing stabilization following contraction in the prior quarter (previously -0.3% QoQ).

• On a YoY basis, GDP rose +0.3% (price-adjusted), with the same rate observed after calendar adjustment.

• Gross fixed capital formation in machinery and equipment increased, providing the main positive contribution to activity.

• Exports declined compared with the previous quarter, offsetting some domestic demand gains.

• The Federal Statistical Office revised Q2 2025 GDP slightly upward to -0.2% QoQ from -0.3%, based on updated statistical information.

• Overall, the data indicate that the German economy remained stagnant in Q3 after two quarters of weak performance.