Latest data released by the Destatis
- GDP WDA y/y +2.9% vs +3.0% expected
- GDP SA q/q +0.6% vs +0.6% expected
The 2017 preliminary GDP figures released by the Federal Statistics Office can be found here.
Pretty much in line with expectations. Nothing too major to note. The growth here was mainly driven by a strong increase in exports. And it shows that Q4 government consumption and equipment spending also increased. Consumer spending in Q4 remains largely unchanged.