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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
GERMAN DATA
MNI (London)
GERMANY Q4 GDP FINAL -0.4% Q/Q (FLASH -0.2%); Q3 +0.5% Q/Q
GERMANY Q4 GDP FINAL +0.9% Y/Y (FLASH +1.1%); Q3 +1.4% Y/Y
- German GDP was revised down by 0.2pp on both the quarter to -0.4% q/q, and on the year to +0.9% y/y.
- This downward revision to the largest eurozone economy, if combined with downward revisions from other countries, could push the eurozone economy into contractionary territory in Q4 (final print due March 8).
- Private consumption and capital formation slowed markedly into year-end. The high cost of living and weak sentiment saw household consumption fall -1.0% q/q (vs -0.6% expected), after +0.7% in Q3 boosted by fuel discounts and the 9-euro transport ticket scheme.
- Investment contracted by -2.5% q/q, significantly outpacing the -0.6% expected by consensus.
- Net exports fell by -1.0% q/q on the back of weak global demand, worsened by high energy prices and persistent supply disruptions.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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