The German economy contracted by 0.1% over the quarter in the second quarter of 2024 after growing 0.2% in the first quarter, the preliminary data published by Destatis showed on Tuesday.
German GDP falls 0.1% QoQ in Q2 vs. +0.1% forecast. Annual German GDP contracts 0.1% in Q2 vs. 0% estimates. EUR/USD shrugs off the downbeat German Q2 GDP report. The data missedthe expected 0.1% increase. Meanwhile, theannual GDP rate declined by 0.1% in Q2, compared with a 0.2% contraction in Q1 and the 0% forecast. EUR/USD reaction to the German GDP data EUR/USDignores the German GDP contraction, adding 0.04% on the day to trade at 1.0825, at the time of writing.
USD EUR GBP JPY CAD AUD NZD CHF USD -0.01% 0.07% 0.46% -0.05% -0.07% -0.32% 0.06% EUR 0.01% 0.08% 0.50% -0.02% -0.07% -0.30% 0.08% GBP -0.07% -0.08% 0.44% -0.11% -0.13% -0.37% -0.00% JPY -0.46% -0.50% -0.44% -0.55% -0.56% -0.81% -0.42% CAD 0.05% 0.02% 0.11% 0.55% -0.02% -0.27% 0.10% AUD 0.07% 0.07% 0.13% 0.56% 0.02% -0.25% 0.11% NZD 0.32% 0.30% 0.37% 0.81% 0.27% 0.25% 0.38% CHF -0.06% -0.08% 0.00% 0.42% -0.10% -0.11% -0.
Economicindicator GDP EURUSD Growth
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