Latest data released by Destatis - 15 January 2019
- 2017 GDP +2.2% y/y
- Exports +3.4% y/y
- 2017 exports +4.8% y/y
- Imports +2.4% y/y
- 2017 imports +4.6% y/y
Slight delay in the release by the source. The release here is calendar day-adjusted. Should there be no changes, that's the weakest annual GDP growth posted by Germany since 2013. Of note, the slowdown in both exports and imports growth relative to 2017 confirms the weakness in export demand towards German goods and also highlights that domestic demand isn't nearly as robust to single-handedly prop up the economy.
