How’s that global growth coming along?

by | February 14th, 2018, 09:25:54 | Economic Data, France, Germany, Italy

Several GDP reports were released today

It’s been all about growth today with Q4 2017 data coming in from around the globe. Here’s a recap;

Japan

  • 0.1% vs 0.2% exp q/q. Prior 0.6%
  • 0.5% vs 0.9% exp q/q ann. Prior 2.5%. Revised to 2.2%
  • Private consumption 0.5% vs 0.4% exp. Prior -0.5%. Revised to -0.6%
  • Capex 0.7% vs 1.1% exp. Prior 1.1%. Revised to 1.0%
  • External demand 0.0% vs 0.0% exp. Prior 0.5%

Singapore (final Q4)

  • 3.6% vs 2.9% exp y/y. Prior 3.1%
  • 2017 final 3.6% vs 3.5% prior

Germany

  • 0.6% vs 0.6% exp q/q SA. Prior 0.8%. Revised to 0.7%
  • 2.9% vs 3.0% exp y/y SA. Prior 2.8%. Revised to 2.7%
  • 2.3% vs 2.3% prior y/y NSA. Revised to 2.2%
  • HICP final Jan 2018 1.4% unch vs flash y/y. Dec 1.6%
  • CPI 1.6% vs 1.6% exp y/y unch vs flash y/y. Dec 1.7%

France

  • 0.8% vs 0.6% exp q/q SA. Prior 0.4%
  • 2.9% vs 3.0% prior y/y NSA
  • Trade balance Dec 2017 4.104bn vs 5.920bn prio

Italy 

  • 0.3% vs 0.4% exp q/q. Prior 0.4%
  • 1.6% vs 1.6% exp y/y. Prior 1.7%

Finland (might as well while I’m at it)

  • 3.6% vs 3.5% prior y/y. Revised to 4.30%

Not exactly stellar numbers from Japan.  Despite minor misses/drops in the European numbers, growth is holding up quite well. EURUSD hasn’t really moved over the numbers anyway. We’ve had a 1.2392/1.2348 range so far today.

The Eurozone GDP revision, and Dec industrial production is at 10.00am GMT.

Ryan Littlestone
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