German economy shrinks 0.1% in Q2
German economy contracts on quarterly basis, while posts 0% growth on yearly basis
By Gokhan Ergocun
ISTANBUL (AA) - The German economy has shrunk bar 0.1% quarter-on-quarter in the second quarter of the year, the federal statistical authority stated on Wednesday.
The country's economy has also posted zero-percent growth rate yearly, Destatis' provisional data showed.
In the first quarter, Germany's GDP expanded by 0.4% quarterly, after shrinking by 0.2% in the last quarter of 2024.
"Gross fixed capital formation in machinery and equipment and construction in the second quarter of 2025 was lower than in the previous quarter," Destatis said, adding:
"On the other hand, household and government final consumption expenditure increased after price, seasonal and calendar adjustment."
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