Germany Q4 GDP final readings 23 Feb
- +0.4% flash
- yy WDA +1.7% as exp/flash
- yy NSA +1.2% as exp/flash
Nothing to see here.
- pvt consumption qq +0.3% vs +0.2% prev revised down from +0.4%
- govt spending qq +0.8% vs +0.2% prev revised down from +1.0%
- capital investment qq +0.8% vs -0.2% prev revised down from 0.0%
- construction investment qq +1.6% vs -0.3% prev revised down from +0.3%
Better qq headline data but softer revisions
- Q4 exports qq +1.8% vs +1.4% exp vs -0.3% prev revised up from -0.4%
- imports qq +3.1% vs +1.8% exp vs +0.4% prev revised up from +0.2%
Stronger export/import reading is encouraging.
Euro not impressed though and lower at 1.0546, 0.8480 and 119.38
