German Preliminary GDP contracts 0.1% QoQ in Q2 as expected
Source Fxstreet
- German GDP declined 0.1% QoQ in Q2 vs. -0.1% anticipated.
- Annual German GDP rose 0.4% in Q2, beating estimates.
- EUR/USD keeps the green above 1.1550 after the German Q2 GDP report.
The German economy contracted by 0.1% over the quarter in the second quarter of 2025, following a 0.4% increase in the first quarter, according to the preliminary data published by Destatis on Wednesday. Markets expected a 0.1% contraction in the reported period.
Meanwhile, the annual GDP rate climbed by 0.4% in Q2 after reporting a no growth in Q1, while beating the market expectations of 0.2%.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Asian currencies steadied on Tuesday following sharp declines in the prior session, as the U.S. dollar gained support after the announcement of a trade agreement between the United States and the European Union.
Bitcoin falls to $117.9K amid Fed and tariff uncertaintyOn Wednesday, Bitcoin experienced a slight decline as it extended its losses from earlier in the week. Traders remained cautious ahead of the Federal Reserve's imminent interest rate decision and an upcoming August 1 deadline for President Donald Trump's tariffs.
On Wednesday, Bitcoin experienced a slight decline as it extended its losses from earlier in the week. Traders remained cautious ahead of the Federal Reserve's imminent interest rate decision and an upcoming August 1 deadline for President Donald Trump's tariffs.
Most Asian currencies experienced minimal fluctuations on Wednesday, as the dollar saw a slight retreat from its recent advances.
Eurozone Economy Posts Modest Growth in Q2, Faces Headwinds from U.S. TariffsThe eurozone economy saw a slight improvement in the second quarter of 2025, growing by 0.1%, according to Eurostat data released Tuesday. This modest expansion outpaced expectations for flat growth, but still marked a sharp slowdown from the 0.6% expansion recorded in the first quarter.
The eurozone economy saw a slight improvement in the second quarter of 2025, growing by 0.1%, according to Eurostat data released Tuesday. This modest expansion outpaced expectations for flat growth, but still marked a sharp slowdown from the 0.6% expansion recorded in the first quarter.
Banco Santander Misses Q2 Profit Forecast by Narrow Margin, Reaffirms 2025 OutlookBanco Santander (BME:SAN) reported a 10% year-on-year increase in pre-tax profit for the second quarter, reaching €5.12 billion. Despite the gain, the figure came in slightly below analysts’ expectations, missing consensus by about 1%, and prompting a nearly 2% drop in the bank’s shares on the Madrid exchange.
Banco Santander (BME:SAN) reported a 10% year-on-year increase in pre-tax profit for the second quarter, reaching €5.12 billion. Despite the gain, the figure came in slightly below analysts’ expectations, missing consensus by about 1%, and prompting a nearly 2% drop in the bank’s shares on the Madrid exchange.
Related Instrument
