Latest data released by the German Federal Statistical Office - 11 January 2018

Non-seasonally adjusted numbers for German 2017 annual GDP. These are also seen as the preliminary GDP numbers.

  • Public sector budget surplus +1.2% of GDP vs +0.8% in 2016 (that's a record reading)
  • Imports y/y +5.2% vs +3.9% in 2016
  • Exports y/y +4.7% vs +2.6% in 2016

While it's a bit off estimates, it's still a strong reading as I mentioned in the calendar preview. The 2017 GDP figure has been revised up constantly. In April it was 1.5%, then 2.0% in October. So, a 2.2% reading here is still relatively positive - but expected.

EUR/USD now at 1.1934 after touching session lows of 1.1929 earlier.