Latest data released by Destatis - 14 February 2019
- Prior (Q3) -0.2%
- Preliminary GDP (non-seasonally adjusted) +0.9% vs +0.8% y/y expected
- Prior +1.1%
- Preliminary GDP (working-day adjusted) +0.6% vs +0.7% y/y expected
- Prior +1.1%
Slight delay in the release by the source. Germany barely avoids a recession as the economy stagnates in the final quarter of the year. That's a relief for the euro but it still isn't a good sign as we move towards the first quarter of the new year with initial signs indicating that the economy is still showing similarly sluggish signs.
EUR/USD jumped up from 1.1280 to a high of 1.1295 as the dollar weakened across the board but is back down to 1.1280 currently.
