Allemagne Croissance Du Pib

Germany’s economy shrank by 0.1% qoq in Q2 of 2024, matching preliminary estimates while shifting from a 0.2% growth in Q1. Private consumption fell by 0.2%, swinging from a 0.3% rise in Q1. At the same time, gross fixed capital formation deteriorated (-2.2% vs 0.1%), mainly pressured by declines in construction investment (-2.0% vs 0.8%) and equipment investment (-4.1% vs -1.6%). Also, net trade was a drag to the economy, reducing 0.1 percentage points following a positive contribution in the preceding quarter, with exports shrinking (-0.2% vs 1.3%) while imports stagnated (vs 0.8%). Meanwhile, government spending grew by 1.0%, a reversal from a 0.1% fall in Q1. On a yearly basis, the economy showed no growth, compared with a 0.1% contraction in Q1.