German Preliminary GDP expands 8.2% in Q3 vs. +7.3% expected, EUR/USD uninspired

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  • German GDP arrives at +8.2% QoQ in Q3 vs. +7.3% expected.
  • Annualized German GDP stands at -4.3% in Q3 vs. -11.3% expected.
  • EUR/USD unmoved on upbeat German Q3 growth numbers.

more to come ….

About German Prelim GDP

The Gross Domestic Product released by the Statistisches Bundesamt Deutschland is a measure of the total value of all goods and services produced by Germany. The GDP is considered as a broad measure of the German economic activity and health. A high reading or a better than expected number has a positive effect on the EUR, while a falling trend is seen as negative (or bearish).

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