Germany Posts 0.3% Final GDP as Markets Await Ifo at 87.1
Updated
Updated · XTB · Aug 25
Germany Posts 0.3% Final GDP as Markets Await Ifo at 87.1
3 articles · Updated · XTB · Aug 25
Summary
Germany’s final second-quarter GDP came in at 0.3% quarter-on-quarter and 1.0% year-on-year, both above consensus and setting the tone for European trading.
The data lands as investors weigh mixed euro-area PMI readings and persistent inflation, a combination that has revived doubts about growth and complicated the outlook for central banks.
Germany’s 10:00 UTC Ifo Business Climate Index is expected at 87.1 versus 86.6 previously, making EUR/USD and the DAX the main immediate gauges of how markets read the economy.
Later focus shifts to the US, where new home sales are seen at 620,000 and Conference Board consumer confidence at 90.2, releases that could add volatility to Wall Street and the euro.