Germany Q1 GDP SA final readings 23 May

  • +0.6% flash
  • yy WDA +1.7% as exp/flash
  • yy NSA +2.9% as exp/flash
  • pvt consumption qq +0.3% as exp/prev
  • govt spending qq +0.4% vs +0.3% exp +0.8% prev
  • domestic demand qq +0.2% vs +0.5% exp vs +0.9% prev
  • Q1 exports qq 1.3% vs 1.5% exp vs 1.8% prev
  • imports qq +0.4% vs 1.0% exp vs 3,1% prev

Nothing to see here in the headlines but govt spending and domestic demand lower. Exports/imports also both down on the quarter.

EURUSD 1.1242 EURGBP 0.8655 EURPY 124.80

German Q1 GDP QQ