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14 Feb 2020
EUR/USD little changed after German Prelim GDP arrives at 0.0% in Q4 vs. +0.1% expected
- German GDP arrives at 0.0% QoQ in Q4 vs. +0.1% expected.
- German GDP stands at +0.3% YoY in Q4 vs. +0.2% expected.
more to come ..
About German Prelim GDP
The Gross Domestic Product released by the Statistisches Bundesamt Deutschland is a measure of the total value of all goods and services produced by Germany. The GDP is considered as a broad measure of the German economic activity and health. A high reading or a better than expected number has a positive effect on the EUR, while a falling trend is seen as negative (or bearish).