German economy grows by 0.3% in Q1, driven by exports
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A view shows the old town of Dresden's centre with the Saxon House of Estates, the Housmann' tower, the catholic Court Church, and the opera house Semperoper close to the river Elbe, in Dresden, Germany August 18, 2025. REUTERS/Annegret Hilse
By Maria Martinez
BERLIN, May 22 (Reuters) - The German economy grew by 0.3% in the first quarter of 2026 compared with the previous quarter, the statistics office said on Friday, confirming its preliminary reading.
Exports rose considerably at the start of the year, helping Germany's economic performance, said Ruth Brand, president of the statistics office.
Total exports of goods and services rose by 3.3% following a decline in exports in the fourth quarter of 2025, while imports only increased by 0.1% quarter-on-quarter.
Government spending increased by 1.1%, while household spending stagnated.
Investment declined by 1.5% in the first quarter.
(Reporting by Maria Martinez, Writing by Friederike Heine, editing by Ludwig Burger)
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