German Preliminary GDP prints -0.3% QoQ in Q4, as expected
Source Fxstreet
- German GDP arrives at -0.3% QoQ in Q4 vs. -0.3% forecast.
- Annual German GDP drops 0.2% in Q4 vs. -0.2% estimate.
- EUR/USD pays little heed to the German Q4 GDP report.
The German economy entered a technical recession, shrinking 0.3% over the quarter in the final quarter of 2023, as against the -0.1% recorded in Q3, according to the preliminary data published by Destatis on Tuesday.
developing story, please refresh the page.
About German Preliminary GDP
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 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).
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Bitcoin's rebound falters as the U.S.-Iran conflict and CPI data likely sustain downward pressure.On June 10, escalating U.S.-Iran tensions put the already fragile crypto market to the te
Gold plummets below $4,200 as US‑Iran tensions spur hawkish rate bets ahead of US CPIGold (XAU/USD) extends the recent breakdown momentum below a technically significant 200-day Simple Moving Average (SMA) and drops to a fresh low since March 23, further below the $4,200 mark during the Asian session on Wednesday.
Gold (XAU/USD) extends the recent breakdown momentum below a technically significant 200-day Simple Moving Average (SMA) and drops to a fresh low since March 23, further below the $4,200 mark during the Asian session on Wednesday.
Gold Prices Fall for Four Consecutive Months, Has the Precious Metals Bull Market Partially Ended? Where Is the Next Support Level?Gold Prices ( XAUUSD) Slump for Four Consecutive Months: Has the Precious Metals Bull Market Partially Ended? Where Is the Next Support Level?Year-to-date, international gold prices have
Gold Prices ( XAUUSD) Slump for Four Consecutive Months: Has the Precious Metals Bull Market Partially Ended? Where Is the Next Support Level?Year-to-date, international gold prices have
West Texas Intermediate (WTI) oil price experiences volatility after registering over 2.5% losses in the previous day, trading around $87.40 per barrel during the Asian hours on Wednesday.
US May CPI Preview: Rising Inflation May Push Up Fed Rate Hike Expectations, How Will US Stocks, Dollar, Gold React? The U.S. Bureau of Labor Statistics will release May CPI data at 8:30 AM ET on June 10. This report is the most critical inflation reading ahead of the Federal Reserve's policy meeting on
The U.S. Bureau of Labor Statistics will release May CPI data at 8:30 AM ET on June 10. This report is the most critical inflation reading ahead of the Federal Reserve's policy meeting on
Related Instrument
