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German Preliminary GDP contracts 0.2% QoQ in Q4 vs. -0.1% expected
World FX news
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German Preliminary GDP contracts 0.2% QoQ in Q4 vs. -0.1% expected
New
2025.01.30 18:02
2025.01.30 18:02
2025.01.30 18:02
- German GDP declines 0.2% QoQ in Q4 vs. -0.1% anticipated.
- Annual German GDP contracts 0.2% in Q4 vs. 0% estimate.
- EUR/USD stays defensive following the downbeat German Q4 GDP report.
The German economy contracted by 0.2% over the quarter in the fourth quarter of 2024, following a 0.1% expansion in the third quarter, according to the preliminary data published by Destatis on Thursday. Markets expected a 0.1% decline.
Meanwhile, the annual GDP rate fell by 0.2% in Q4 after -0.3% reported in Q3 and against the estimated 0% print.
EUR/USD reaction to the German GDP data
Last updated
: 2025.01.30
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