wrapper

German GDP grew by 0.7% in Q4

Friday, Feb 13 2015
The German economy gained momentum towards the end of 2014. In the fourth quarter of 2014, the gross domestic product (GDP) rose 0.7% on the third quarter of 2014 after adjustment for price, seasonal and calendar variations. Analysts were anticipating smaller increase by 0.4%. Following a dynamic start into the year (+0.8% in the first quarter) and the subsequent period of weakness last summer (–0.1% in the second, and +0.1% in the third quarter), the economic situation stabilised towards the end of the year. 
 
In a quarter-on-quarter comparison positive contributions were made mainly by domestic demand. Especially households markedly increased their final consumption expenditure again. A positive development was also observed for fixed capital formation which was up on the third quarter of 2014 in machinery and equipment and especially in construction. Also, exports of goods and services increased considerably again, according to provisional calculations; however, imports rose to a similar extent.
 
Data did not have any major impact on the markets. Euro is currently being traded around 1.1420 level, edging down few points. Pair is likely to find support around 1.1350 level and resistance near 1.15 handle. Later today, Italian and Eurozone GDP figures are scheduled for a release. 
More in this category: « Sterling higher in the morning part of Friday's session Aussie stable above 0.77 handle »

Latest from Editor

About Us

Forex Web News is part of Rolling Capital Network providing financial consulting.

Within the Forex Web News we provide our readers with expert and timely technical analyses, fundamental analyses and news; with one aim – for our readers to make best possible financial decisions.

Forex Web News desks and analysis department follow the international markets closely and create high quality proprietary content on a both daily and weekly basis.

.

All our analysts have several years of trading and analysis experience. The Forex Web News analysis team creates daily and weekly analyses and offer forecasts regarding where they believe the markets are heading. Our readers are provided with data displayed both in texts and on graphs, providing them the fullest understanding of what is happening in the market place.

We are constantly growing our news desks and our analysis departments as we strive to broaden the content we provide to visitors of the Forex Web News.

Disclaimer

Rolling-capital.com – The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate. All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. rolling-capital.com bears no responsibility for any trading losses you might incur as a result of using any data within the Forex Web News.