Frankfurt (Germany), 22 August (LaPresse) – The German economy contracted more significantly in the spring than initially expected. GDP fell by 0.3% in the second quarter of 2025 compared to the first quarter of 2025, net of price, seasonal and calendar effects. According to the Federal Statistical Office (Destatis), the decline in economic output was therefore 0.2 percentage points higher than reported in the flash report of 30 July 2025. In particular, industrial production performed worse than initially expected. In the first quarter of 2025, GDP rose by 0.3% compared with the previous quarter and by 0.2% in the fourth quarter of 2024. Based on the new data available, production in the manufacturing and construction sectors in particular performed worse than expected in June 2025. In addition, private consumption for the second quarter of 2025 has been revised downwards due to new information available on the service sectors, such as monthly statistics for the hotel sector for June 2025. Overall, the economic indicators received between the flash GDP release and the new calculation status have led to a deterioration in the overall economic picture in the second quarter of 2025.