GDP for 2015 was 1.7% vs 1.6% exp in early estimates from the Federal stats office

  • Prior1.6%
  • Exports 5.4% y/y
  • Imports 5.7% y/y
  • Private consumption 1.9% y/y
  • Government spending 2.8% y/y
  • Construction investment 0.2% y/y
  • Equipment investment 3.6%

The higher rate of spending from both private and the state is, for now, offsetting the slip in trade. That's being blamed on the emerging market slowdown

While the euro has popped on the ECB story, this beat from Germany has added a bit more to it

German GDP 2015