Germany’s flash Q3 GDP growth remains 0.2%, beats 0.1% estimates

Sagar Dua FXStreet

German preliminary Q3 Gross Domestic Product (GDP) data arrives at 0.2%, Federal Statistics Office of Germany showed. The growth rate was higher than 0.1% estimates, but slower than 0.3% in the April-June period. On an annualized basis, the growth rate was 1.2%, faster than expectations of 1.1% and the prior reading of 1%.

Market reaction

The immediate reaction by the Euro (EUR) was slightly negative after the German GDP data release; however, it rebounded quickly and remained broadly stable. As of writing, EUR/USD is up 0.16% to near 1.1193.

Economic Indicator

Gross Domestic Product (QoQ)

The Gross Domestic Product released by the Statistisches Bundesamt Deutschland is a measure of the total value of all goods and services produced by Germany. The GDP is considered as a broad measure of the German economic activity and health. A high reading or a better than expected number has a positive effect on the EUR, while a falling trend is seen as negative (or bearish).

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