Germany Confirms 0.3% Q1 Growth as Exports and State Spending Offset Weak Demand

5 articles · Updated · Bloomberg · May 22

Germany’s statistics office confirmed first-quarter GDP growth at 0.3%, validating the earlier estimate after a stronger start to 2026.
Exports and higher government spending drove the expansion, outweighing flat consumer demand and a decline in investment.
That mix suggests the quarter’s growth relied more on external demand and the public sector than on a broad domestic recovery.
The figures capture momentum before the Iran war hit, leaving open how durable Germany’s rebound will be in the coming months.

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