German Preliminary GDP expands 0.1% in Q4 vs. 0% expected, EUR/USD uninspired

• German GDP arrives at 0.1% QoQ in Q4 vs. 0% expected.
• Annualized German GDP stands at 3.9% in Q4 vs. -4% expected.
• EUR/USD unmoved on upbeat German Q4 growth numbers.

The German economy grew 0.1% inter-quarter in the fourth quarter of 2020 when compared to the expectations of 0% and 8.5% seen in Q3, the preliminary report published by Destatis showed on Friday.

Meanwhile, the GDP yearly rate fell by 3.9% in Q4 against the previous reading of -4% and beat market expectations of -4% contraction.

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 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).