Final German GDP data now out

  • +0.3% prev
  • yy WDA + 1.7% vs +1.7% exp/prev
  • yy NSA + 1.8 % vs +1.8% exp/prev
  • pvt consumption qq + 0.6 % vs +0.5% exp vs +0.1% prev revised down from +0.2%
  • govt spending qq +1.3% vs +0.4% exp vs +0.7% prev revised up from +0.3%
  • cap investment qq -0.3% vs 0.0% exp vs -0.4% prev
  • construction investment qq -0.3% vs +0.1% exp vs -1.3% prev revised down from -1.2%
  • domestic demand qq +0.7% as exp vs -0.2% prev revised up from -0.3%
  • exports qq +0.2% vs +0.4% exp vs +1.8% prev revised down from +2.2%
  • imports qq +1.1% vs +1.0% exp vs +0.5% revised down from +0.8%

Not a lot to glean from the headlines but increases in pvt consumption and govt spending in Q3 noted along with softer exports reading

EURUSD unchanged at 1.0623 EURGBP a tad lower at 0.7016 as cable catches a small bid, EURJPY 130.29