Full year numbers from Germany

A good year for Germany who post the highest growth in over 5 years.

  • Adjusted GDP 3.5% y/y
  • Exports 5.2% vs 3.9% prior y/y
  • Imports 4.7% vs 2.6% prior y/y
  • Public sector budget surplus 1.2% of GDP vs 0.8% in 2016

Germany 2017 GDP details

Also out was comments from the German BDI saying that they see growth of around 2.25% in 2018, with export growth of 5%

Other data this morning;

  • Spain industrial output Nov 2017 4.2% vs 3.1% exp adj y/y. Prior 4.1%. Revised to 4.4%
  • Italy retail sales Nov 2017 1.1% vs -1.1% prior m/m SA
  • 1.4% vs -2.1% prior y/y NSA. Revised to -2.3%

Ryan Littlestone

Psychedelic chartist extraordinaire. Have your shades ready.
Philosophy: “Don’t be a Dick for a tick”

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Ryan Littlestone

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