BREAKING: German 2022 GDP beats expectations

German Federal Statistical Office released German full-2022 GDP data at 9:00 am GMT today. This was the first, flash release of 2022 GDP and it turned out to be a positive surprise. The German economy grew at a pace of 1.9% in 2022, better than 1.8% expected by the market but slower than 2.6% recorded in 2021. Nevertheless, the data was largely overlooked by the market and release did not trigger any major reaction. DE30 ticked higher but the move was barely noticeable while EURUSD also ticked higher but the move was quickly erased.

Source: xStation5

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