Germany's Economy Edges Up in Q1

In a sign of resilience, Germany's economy expanded by 0.2% in the first quarter of the year, according to preliminary data released by the Federal Statistical Office (Destatis) on Wednesday. This growth, adjusted for price, seasonal, and calendar effects, marks a cautious step forward amidst broader economic challenges.

Yearly Comparison Shows Decline

Despite the quarterly uptick, the gross domestic product (GDP) saw a 0.4% decrease compared to the same period last year, with a minor month-on-month decline of 0.2%.

Consumption and Investment Rise

The report highlighted an increase in household final consumption expenditure and capital formation from the final quarter of 2024, suggesting areas of strength within the economy.