DeStatis – German recession: After positive start to year, economic output sees sharper-than-expected decline

Gross domestic product (GDP), 2nd quarter of 2025
-0.3% on the previous quarter (price, seasonally and calendar adjusted)
-0.2% 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) fell by 0.3% in the 2nd quarter of 2025 compared with the 1st quarter of 2025 after adjustment for price, seasonal and calendar variations. The Federal Statistical Office (Destatis) also reports that the decline in economic performance was therefore 0.2 percentage points greater than communicated in the first release of 30 July 2025. Industrial production, in particular, performed worse than initially assumed. Quarter on quarter, GDP grew by 0.3% in the 1st quarter of 2025, and 0.2% in the 4th quarter of 2024.

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