Final German Q4 GDP data now out
– +0.3% prev
– yy WDA +1.3% vs +1.3% exp/prev
– pvt consumption qq +0.3% vs +0.3% exp vs +0.6% prev
– govt spending qq +1.0% vs +1.2% exp vs +0.5% prev from +1.3%
A mixed bag of final data with no shocks in the headline and with softer exports a concern but better than expected imports somewhat of a relief , albeit lower than prev. Encouraging cap and const investment readings.