German GDP and Economic Growth Come as Expected

German GDP grew by 0.4% QoQ in Q1 2019, according to data released by the Federal Statistics Office.


German GDP grew by 0.4% QoQ in Q1 2019, according to data released by the Federal Statistics Office. The economy also registered a growth of 0.7% when compared with Q4 2018 during this period. Both these data points came in as expected.

The Statistics Office remarked that the positive numbers could be attributed to a growth in construction activity and higher household spending among consumers. In Q3 2018, the German economy had contracted by 0.2% while it reached stagnation in the next quarter.

This latest news offers some positive relief to those concerned about the state of the German and Eurozone economies. So far, EUR/USD has shown no reaction to this news and continues to trade bearish at around 1.120 at the time of writing.

ABOUT THE AUTHOR See More
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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