The statistical office Destatis confirmed that gross domestic product remained unchanged on a quarterly basis, following a decline of 0.2 percent in the second quarter.

The expenditure-side of GDP showed that gross fixed capital formation increased 0.3 percent, following the decline in the previous quarter. Investment in equipment, primarily machinery, tools and vehicles grew 1.1 percent from a quarter ago. On the other hand, construction investment fell 0.5 percent.

Overall consumption remained flat in the third quarter. Private consumption declined 0.3 percent, which was the first fall since the fourth quarter of 2023 as households spent less on restaurants and accommodation services. By contrast, government spending advanced 0.8 percent from a quarter ago.

Foreign trade provided no positive impetus to the growth. Exports of goods and services were down 0.7 percent, while imports remained flat from the previous quarter.

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