Germany’s economic output declined more sharply than expected in the second quarter, the country’s statistics office reported on Friday, with gross domestic product (GDP) falling 0.3% from the previous quarter.
This follows earlier preliminary figures released last month, which had indicated a smaller contraction of 0.1% between April and June.
The latest decline comes after a slight, unexpected recovery at the beginning of the year, which Destatis has now revised down to 0.3% from the initially reported 0.4%.
In separate data published Friday, Destatis also noted that government spending in the first half of 2025 exceeded revenues.
However, relative to overall economic output, the deficit of the federal government, states, municipalities, and social security systems was relatively modest at 1.3%, based on preliminary estimates.
(Inputs from WAM)
