- Prior -0.4%
- Non-seasonally adjusted GDP +0.2% vs +0.8% y/y expected
- Prior +0.3%
- Working day adjusted GDP -0.1% vs +0.3% y/y expected
- Prior +0.9%
That's a rather disappointing report as the German economy barely escapes a recession and the headline here is weighing on the euro. Lawmakers were quite certain that the economy held up in Q1 so this is a poor reflection of confidence by all accounts. EUR/USD is falling back under 1.1000 to fresh session lows of 1.0985 now.
