German Preliminary GDP rises 0.2% QoQ in Q1 vs. 0.1% expected

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GDP,Economicindicator,EURUSD

The German economy grew 0.2% over the quarter in the first quarter of 2024 after contracting 0.3% in the last quarter of 2023, according to the preliminary data published by Destatis on Tuesday.

German GDP rebounds 0.2% QoQ in Q1 vs. 0.1% estimate. Annual German GDP contracts 0.2% in Q1 vs. -0.2% anticipated. EUR/USD shrugs off the mixed German Q1 GDP report. The data surpassed the expected 0.1% expansion. Meanwhile, theannual GDP rate declined by 0.2% in Q1, at the same pace as seen in the fourth quarter of last year while matching the market expectations. Germany ’s Unemployment Rate held steady at 5.9% in April while Unemployment Change stood at 10K, higher than the 7K expected.

Euro price today The table below shows the percentage change of Euro against listed major currencies today. Euro was the weakest against the US Dollar. USD EUR GBP CAD AUD JPY NZD CHF USD 0.13% 0.17% 0.20% 0.53% 0.37% 0.57% 0.26% EUR -0.13% 0.04% 0.07% 0.40% 0.29% 0.44% 0.12% GBP -0.17% -0.05% 0.03% 0.35% 0.19% 0.39% 0.08% CAD -0.20% -0.07% -0.03% 0.32% 0.15% 0.37% 0.05% AUD -0.53% -0.39% -0.35% -0.32% -0.17% 0.03% -0.27% JPY -0.37% -0.23% -0.19% -0.17% 0.15% 0.20% -0.14% NZD -0.55% -0.44% -0.

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