German Economy Contracted 0.1% in 3rd Quarter Of 2023

24 November 2023

The gross domestic product (GDP) fell by 0.1% in the third quarter of 2023 compared with the second quarter of 2023 after adjustment for price, seasonal and calendar variations. 

GDP in the third quarter of 2023 was down a price adjusted 0.8% compared with the third quarter of 2022. After price and calendar adjustment, the decrease was smaller (-0.4%), as there was one working day less than in the same period a year earlier.

Source: Destatis
Post by: Republic of Türkiye Ministry of Trade