Germany Q4 GDP flash report 14 Feb

  • +0.1% prev revised down from +0.2%
  • yy WDA +1.7% vs +1.8% exp vs 1.7% prev
  • yy NSA +1.2% vs +1.4% exp vs 1.55 prev

Marginally softer than expected flash readings but not going to have any real impact on price.

German stats office says:

  • Q4 growth mainly driven by increased state spending, more pvt consumption and higher construction investment
  • growth held back by foreign trade with imports growing much more than exports

EURUSD 1.0616