Germany’s preliminary Real GDP for 2023 contracted at an annual pace of 0.3%, as widely expected, the latest data published by the federal statistics authority Destatis showed Monday.
Additional takeaways
Meanwhile, the German fourth-quarter (Q4) GDP in 2023 fell 0.3% compared with the previous quarter.
Measured as a percentage of nominal GDP, there was a 2.0% deficit ratio of general government for 2023.
German general government budget recorded financial deficit of EUR82.7 billion at end of 2023.
Market reaction
EUR/USD is defending minor bids near 1.0950 following the German data. The pair is stuck in a narrow range due to the US holiday-led thin trading.
Euro price today
The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the .
| USD | EUR | GBP | CAD | AUD | JPY | NZD | CHF | |
| USD | -0.04% | 0.00% | -0.03% | 0.03% | -0.03% | 0.06% | 0.01% | |
| EUR | 0.06% | 0.03% | -0.01% | 0.06% | 0.01% | 0.10% | 0.05% | |
| GBP | -0.01% | -0.03% | -0.04% | 0.02% | -0.02% | 0.07% | 0.02% | |
| CAD | 0.05% | 0.00% | 0.05% | 0.06% | 0.00% | 0.10% | 0.06% | |
| AUD | -0.03% | -0.06% | 0.00% | -0.05% | -0.03% | 0.05% | 0.01% | |
| JPY | 0.04% | -0.04% | -0.11% | -0.01% | 0.06% | 0.09% | 0.04% | |
| NZD | -0.06% | -0.13% | -0.07% | -0.11% | -0.05% | -0.09% | -0.05% | |
| CHF | 0.00% | -0.06% | -0.02% | -0.06% | 0.01% | -0.05% | 0.04% |
