German Economy Report

BERLIN (Reuters) – The German economy shrank by 0.1% in the second quarter of 2024, compared with the previous three-month period, as reported by the statistics office on Tuesday, confirming preliminary data.

Ruth Brand, president of the statistics office, stated, “After the slight increase in the previous quarter, the German economy cooled down again in spring.”

In the first quarter of 2024, German gross domestic product rose by 0.2% quarter on quarter.

The office revised its year-on-year change for the second quarter in price- and calendar-adjusted terms to 0.0%, up from a previously reported -0.1%.

For a detailed report on the data, visit the statistics office’s website.