German Economy Contracts Slightly in Q2 2024

Germany's economy contracted by 0.1% in the second quarter of 2024, reversing the modest growth of 0.2% seen in the first quarter. The statistics office revised its year-on-year change for Q2 to 0.0%, slightly up from the initial -0.1% estimate. Detailed data available on their website.

Germany's economy experienced a slight contraction of 0.1% in the second quarter of 2024, according to the nation's statistics office, confirming earlier estimates.

'After the slight increase in the previous quarter, the German economy cooled down again in spring,' stated Ruth Brand, the office's president, noting the first quarter's 0.2% growth.

The year-on-year change for the second quarter was adjusted to 0.0%, an improvement from the initially reported -0.1%. Further details are provided on the office's official website.

(With inputs from agencies.)