Latest data released by INSEE - 28 February 2018

  • Final Q4 GDP y/y +2.5% vs +2.4% prelim
  • January consumer spending m/m -1.9% vs +0.4% expected
  • January consumer spending y/y -1.9% vs +1.1% expected

Preliminary figures can be found here.

Once again, solid GDP figures for the final reading. The +2.5% y/y figure is the highest since 2011. Just a minor bump from the prelim. But those are some pretty awful consumer spending figures to start the year.

Not major data points by any means, but certainly something to look at down the road if the trend persists.

EUR/USD at 1.2228, still range-trading. EUR/GBP at 0.8798 and EUR/CHF at 1.1500, also range-trading for the most part.