German GDP report for Q3 2023 was released today at 9:00 am GMT. Report was expected to show a 0.3% quarter-over-quarter contraction. On an annual basis, growth was seen slowing from -0.6% YoY in Q2 2023 to -1.0% YoY now.
However, actual data turned out to be better than expected with annual growth decelerating to -0.8% YoY and quarterly growth coming in at -0.1% QoQ. market reaction was small with DE30 ticking slightly higher and EURUSD moving around 0.1% up.
DE30 moved higher following German Q3 GDP beat. Source: xStation5
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