Germany Q3 preliminary GDP -0.1% vs -0.3% q/q expected

  • Latest data released by Destatis - 30 October 2023
DEGDP
  • Prior 0.0%

Honestly, anything other than a negative reading would've been a surprise. So, as far as bad news go, this is probably the best version of it as the German economy is only seen marginally contracting in Q3 - at least based on initial estimates. This will continue to allow the ECB to keep up with the status quo for now.

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