German GDP and Economic Growth Come as Expected - Forex News by FX Leaders

German GDP and Economic Growth Come as Expected

Posted Wednesday, May 15, 2019 by
Arslan Butt • 1 min read

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.

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies

About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
Related Articles
0 0 vote
Article Rating
Notify of
Inline Feedbacks
View all comments