Germany Q2 GDP provisional QQ SA 0.6% vs 0.7% exp

Germany Q2 GDP provisional reading now out 15 Aug

• 0.6% prev revised down from 0.7%
• yy WDA 2.1% vs 1.9% exp vs 2.0% prev revised up from 1.7%
• yy NSA 0.8% vs 0.6% exp vs 2.9% prev revised down from 3.2%

A mixed bag of data sees EURUSD but softer headline sees EURUSD down to 1.1755, EURGBP down to 0.9065 and EURJPY 129.75 helped by USDJPY retreating from 110.45

German stats office says:

• Q2 positive impulses came from domestic demand, state spending and pvt consumption
• investment in construction and equipment also supported overall GDP growth
• foreign trade dampened growth in Q2 as imports rose more strongly than exports

German GDP QQ