Gross domestic product (GDP), 1st quarter of 2024
0.2% on the previous quarter (price, seasonally and calendar adjusted)
-0.9% on the same quarter a year earlier (price adjusted)
-0.2% on the same quarter a year earlier (price and calendar adjusted)
The gross domestic product (GDP) grew by 0.2% in the first quarter of 2024 compared with the fourth quarter of 2023 – after adjustment for price, seasonal and calendar variations – after falling at the end of 2023 (by a revised -0.5% in the fourth quarter of 2023 compared with the previous quarter; previously: -0.3%). The Federal Statistical Office (Destatis) also reports that the modest growth was due to an increase in gross fixed capital formation in construction and in exports. By contrast, there was a decline in household final consumption expenditure.
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