- Prior -0.4%
- Non-seasonally adjusted GDP +0.2% vs +0.8% y/y anticipated
- Prior +0.3%
- Working day adjusted GDP -0.1% vs +0.3% y/y anticipated
- Prior +0.9%
That is a relatively disappointing report because the German financial system barely escapes a recession and the headline right here is weighing on the euro. Lawmakers had been fairly sure that the financial system held up in Q1 so this can be a poor reflection of confidence by all accounts. EUR/USD is falling again beneath 1.1000 to contemporary session lows of 1.0985 now.