German Q4 GDP sa final +0.7% vs +0.7% exp

    • 0.7% flash
    • WDA yy +1.4% vs +1.4% exp/flash
    • NSA yy +1.6% vs +1.6% exp/flash
    • exports QQ +1.3% vs +1.2% exp vs +2.0% prev rev up from +1.9%
    • imports QQ +1.0% as exp vs 1.3% prev rev down from 1.7%
  • pvt consumption QQ +0.8% vs +0.7% exp vs +0.8% prev rev up from +0.7%
  • govt spending QQ +0.2% as exp vs +0.6% prev
  • construction investment QQ +2.1% vs 1.0% exp vs -1.5% prev rev down from -0.3%
  • domestic demand QQ +0.5% vs +0.6% exp vs -0.4% prev rev down from -0.2%

Not a great deal of note from the flash data but better news on constuction investment and domestic demand

EURUSD a tad softer at 1.1328 on general euro selling EURGBP 0.7330 from 0.7340

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