Germany’s GDP to contract 0.1% q/q in Q2 – TDS

Dhwani Mehta FXStreet

Analysts at TD Securities offer a sneak peek at what to expect from Wednesday’s German Preliminary GDP data for the second quarter, slated for release at 0600 GMT.

Key Quotes:

“Germany releases its first estimate of Q2 GDP today, and we're in line with consensus in looking for a mild contraction of -0.1% q/q.

With nearly a 2% q/q contraction in IP for the quarter, its worst result since 2012, the manufacturing sector will be a substantial drag on German growth through the middle of the year.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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