The gross domestic product (GDP) grew by 0.2% in the first quarter of 2024 compared with the fourth quarter of 2023 – after adjustment for price, seasonal and calendar variations – after falling at the end of 2023 (by a revised -0.5% in the fourth quarter of 2023 compared with the previous quarter; previously: -0.3%). The Federal Statistical Office (Destatis) also reports that the modest growth was due to an increase in gross fixed capital formation in construction and in exports. By contrast, there was a decline in household final consumption expenditure.