German economy shrank by 0.1% in Q2, statistics office confirms
Tweet
Share
E-mail
People visit the Berlin Art Market by the Zeughaus building, as the dome of the Berlin Cathedral is seen in the background, in Berlin, Germany, May 1, 2023. REUTERS/Fabrizio Bensch/File Photo
BERLIN (Reuters) -The German economy shrank by 0.1% in the second quarter of 2024 compared with the previous three-month period, the statistics office reported on Tuesday, confirming preliminary data.
"After the slight increase in the previous quarter, the German economy cooled down again in spring," statistics office president Ruth Brand said in a statement.
In the first quarter of 2024, German gross domestic product rose by 0.2% quarter on quarter.
The office revised its year-on-year change for the second quarter in price- and calendar-adjusted terms to 0.0%, up from a previously reported -0.1%.
The office gives a detailed report on the data on its website.
(Writing by Miranda MurrayEditing by Rachel More and David Goodman)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Crusoe signs $13 billion AI cloud deal with Jane Street, Bloomberg News reports
- Russian attack on Kyiv injures 10, starts fire and damages high-rise building
- Nvidia sets October launch for RTX Spark AI PCs
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
