Allemagne Croissance Du Pib

The German economy expanded by 0.4% quarter-on-quarter in the Q1 2025, revised upward from an initial estimate of a 0.2% rise, and rebounding from a 0.2% contraction in the previous period. This marks the sharpest economic expansion since Q3 2022, driven by accelerated growth in household consumption (0.5% vs 0.2% in Q4) and fixed investments (-0.3% vs 0.4%). Net trade also contributed positively to GDP, as exports advanced 3.2% (vs -3.1%), supported by stronger-than-expected growth in manufacturing output and exports from the initial March estimates. Meanwhile, imports rose at a softer rate of 1.1% (vs -0.7%). On the production side, most industries saw growth, with notable expansions in manufacturing (1% vs -0.3%), information and communications (1.7% vs -0.3%), and trade, transport, accommodation, and food services (1.1% vs 0.6%). On an annual basis, the economy stalled, compared to a 0.2% decline in Q4 and earlier estimates of a 0.2% fall.