Fashion
German GDP stagnates QoQ, up 0.3% YoY in Q3 2025: Destatis
“Weak exports had a dampening effect on economic activity in the third quarter, while capital formation increased slightly,” said Destatis president Ruth Brand in a release.
GDP in Q3 2025 was up by a price-adjusted 0.3 per cent year on year (YoY). It was also up by 0.3 per cent YoY after price and calendar adjustment.
German GDP stagnated quarter on quarter (QoQ) in Q3 2025 after adjustment for price, seasonal and calendar variations.
GDP in the quarter was up by 0.3 per cent YoY.
Weak exports had a dampening effect on economic activity in the quarter.
Goods exports dropped by 0.1 per cent QoQ and 0.2 per cent YoY.
Goods imports were up by 0.9 per cent QoQ and 5.4 per cent YoY in Q3 2025.
After registering a decline in the previous quarter, gross fixed capital formation increased again in Q3 2025 by 0.3 per cent after price, seasonal and calendar adjustment. Gross fixed capital formation in machinery and equipment was up 1.1 per cent QoQ.
Overall, final consumption expenditure stagnated QoQ in Q3 2025. Diverging trends were recorded for household and government final consumption expenditure.
Household consumption expenditure declined for the first time since Q4 2023, while government final consumption expenditure increased again QoQ.
Price-adjusted final consumption expenditure in Q3 2025 was up YoY by 1.1 per cent. Final consumption expenditure of both households and government showed a positive trend.
Foreign trade did not make a positive contribution here. In Q3 2025, total exports of goods and services were down by 0.7 per cent QoQ after price, seasonal and calendar adjustment. Goods exports dropped only slightly by 0.1 per cent QoQ.
Imports of goods and services remained at the level of the previous quarter, with imports of goods up by 0.9 per cent QoQ.
Exports were down YoY, while imports were up. Exports (price-adjusted) fell slightly by 0.1 per cent YoY, while exports of goods declined by 0.2 per cent YoY.
Imports of goods and services continued to increase substantially (plus 3.4 per cent), with imports of goods rising by 5.4 per cent YoY in Q3 2025.
The gross value added (GVA) increased slightly by 0.1 per cent QoQ in Q3 2025 after adjustment for price, seasonal and calendar variations. The biggest decline was seen in manufacturing (minus 0.9 per cent), with economic performance down quarter on quarter in many areas. Price-adjusted GVA in Q3 2025 was up by 0.3 per cent YoY.
At the start of the second half of the year, Germany’s economic performance was lower than that of many other countries.
Fibre2Fashion News Desk (DS)