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Germany: Annual GDP grows 1.2% in Q2

FXStreet (Łódź) - On an annual basis German GDP w.d.a. increased 1.2% in Q2, following a 2.5% rise registered the previous quarter, according to preliminary data released today by Destatis.

On a quarterly basis Q2 GDP s.a. fell 0.2%, following 0.7% growth in Q1 and against consensus of remaining unchanged.

Year-over-year GDP n.s.a. climbed 0.8% in Q2, compared with +2.5% in Q1.

EUR/USD slightly pressured by German GDP on negative territory

EUR/USD traded around 1.3360 before the German GDP data was released, and slid to 1.3348 low right after.
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France Nonfarm Payrolls (QoQ): 0.1% (2Q) vs -0.1%

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