Germany nominal private consumption, seasonally adjusted
Germany nominal private consumption, seasonally adjusted stood at 629.18 EUR billion in Q2 2026, according to Deutsche Bundesbank. It is one of the indicators in the Quarterly national accounts table (Value · Quarterly), with a complete series running from Q1 1991 to Q2 2026. The complete series with an interactive chart, free to download.
This indicator in the Quarterly national accounts table
| Indicator | Q2-2026 | Q1-2026 | Q4-2025 | Q3-2025 | Q2-2025 | Q1-2025 | Q4-2024 | Q3-2024 | Q2-2024 | Q1-2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Domestic demand, calendar and seasonally adjusted | 1,145.53 | 1,128.66 | 1,127.99 | 1,112.49 | 1,104 | 1,090.84 | 1,078.34 | 1,064.52 | 1,049.39 | 1,039.62 | |
| Private consumption, calendar and seasonally adjusted | 629.18 | 623.22 | 622.24 | 613.03 | 609.9 | 607.45 | 598.98 | 591.34 | 587.03 | 582.3 | |
| Machinery and equipment, calendar and seasonally adjusted | 68.57 | 69.2 | 69.89 | 67.69 | 66.67 | 67.81 | 67.44 | 66.88 | 67.12 | 68.5 |
Understanding germany nominal private consumption, seasonally adjusted
Household outlays on goods and services form this measure, captured at the transaction prices of the period. It aggregates everyday purchases of non-durable goods, spending on consumer durables, and payments for services, while excluding the acquisition of dwellings, which the national accounts classify as capital formation. Unlike public sector consumption, this series isolates the expenditure of resident individuals and non-profit institutions serving households. Since it is recorded at current prices, the total embodies both the physical volume of consumption and the prevailing price level of the quarter.
The adjustment for calendar and seasonal variations removes predictable intra-year patterns, such as holiday shopping spikes and weather-related fluctuations. This smoothing makes quarter-on-quarter comparisons the standard approach for reading immediate shifts in consumer behavior. A common pitfall is misinterpreting an upward movement as an improvement in living standards, as this nominal series will expand purely from price inflation even if households buy fewer items. Early releases often undergo revisions when preliminary survey data are replaced by finalized tax and retail receipts.
Frequently asked questions
- Does this nominal consumption figure account for inflation?
- No, this series is measured at current prices, meaning it includes the effect of changing retail prices over the period.
- Are residential property purchases included in private consumption?
- Purchases of dwellings are excluded from this category and are instead classified as fixed capital formation.
- Why might quarter-on-quarter comparisons be useful for this series?
- Because the data is adjusted for calendar and seasonal effects, short-term comparisons accurately reflect shifts in spending behavior without seasonal distortions.