Germany's GDP remains stagnant in Q1 2023: Destatis

GDP in Q1 2023 was up a price adjusted 0.2 per cent compared with Q1 2022. The price and calendar adjusted GDP was 0.1 per cent lower because there was one working day more than in the same period a year earlier. Positive contributions, in contrast, came from capital formation and exports, Destatis said in a press release.

The inflation rate in Germany stood at 7.4 per cent in March this year, while in both January and February, the inflation rate was 8.7 per cent. Consumer prices in March were up by 0.8 per cent over February figures.

ALCHEMPro News Desk (NB)