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Germany's Q3 2023 GDP dips slightly after Q2 growth

31 Oct '23
1 min read
Pic: Shutterstock/Bartolomiej Pietrzyk
Pic: Shutterstock/Bartolomiej Pietrzyk

Insights

  • Germany's gross domestic product (GDP) experienced a minor decline of *.* per cent in Q3 2023 compared to Q2 2023, after adjustments for price, seasonal, and calendar variations.
  • This follows a marginal Q2 2023 increase of *.* per cent and stagnation in Q1 2023.
  • When compared with Q3 2022, the GDP was down by a price-adjusted *.* per cent.

GDP in Q* **** was down a price adjusted *.* per cent compared with Q* ****, the Federal Statistical Office (Destatis) said in a press release.

The decrease was smaller (-*.* per cent) after price and calendar adjustment as there was one working day less than in the same period a year earlier.

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