Germany's seasonally and calendar adjusted gross domestic product, or GDP, fell 0.5% quarter-on-quarter in the third quarter, the Federal Statistical Office said in its first estimate Thursday. This follows a 0.4% fall in the second quarter that was revised from a 0.5% decline reported earlier. Economists had predicted the economy to contract 0.2% in the third quarter.
On an unadjusted basis, the economy rose at a slower annual pace of 1.3% in the third quarter, compared with a revised 3.3% growth in the previous quarter. The second quarter GDP growth was upwardly revised from 3.1% initially reported. Meanwhile, the consensus forecast for the third quarter was the economy to grow 1.6%.
The working day adjusted GDP grew 0.8% from the previous year. Compared with last year, there was an additional working day this year.
The statistical office is scheduled to release more detailed results on November 25.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.