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Germany: Germany economy decelerates in Q1

May 13, 2015

The German economy decelerated in the first quarter of this year, according to preliminary data published by the Federal Statistics Office (Destatis) on 13 May. In Q1, GDP rose a seasonally-adjusted 0.3% over the previous quarter, which came in below Q4’s stronger 0.7% increase and market expectations of a 0.4% gain. Compared to the same quarter last year, GDP increased 1.1% in Q1, which came in below the 1.6% expansion registered in Q4. More detailed data will be released on 22 May.

The Bundesbank expects economic activity to increase 1.0% in 2015. For 2016, the Bank sees economic growth picking up to 1.6%. FocusEconomics Consensus forecast panelists expect economic activity to expand 1.9% in 2015, which is up 0.1 percentage points from last month’s forecast. For 2016, the panel forecasts GDP growth of 1.9%.


Author: Teresa Kersting, Economist

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Germany GDP Chart


Germany GDP Q1 2015 1

Note: Quarter-on-quarter changes of seasonally adjusted GDP and year-on-year variation in %.
Source: Federal Statistics Office (Destatis) and FocusEconomics Consensus Forecast


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