🇩🇪Germany GDP Growth Rate
🟢Germany's economy grew 0.1% quarter-on-quarter in Q3 2024, down from an initial 0.2% estimate and rebounding from a 0.3% contraction in Q2. Household consumption rose 0.3% after a 0.5% decline, while government spending slowed to 0.4% growth from 1.6%. Fixed investments shrank less sharply (-0.1% vs. -2.1%), with smaller declines in construction and machinery. Net trade weighed on GDP as exports fell 1.9%, and imports rose 0.2%. Annually, GDP contracted 0.3%, steeper than the 0.2% preliminary estimate.
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