Market Overview

23 May 2019 07:55

Maria Gregoriou

The Statistisches Bundesamt Deutschland reported that Germany’s gross domestic product (GDP) for the first quarter of 2019 saw an increase of 0.4 percent compared to the fourth quarter of 2018. The last quarter of 2018 saw GDP at 0.0 percent and this jump to 0.4 percent mainly came from domestic demand, according to the report. So far this year, Germany has also seen a rise in gross fixed capital formation in machinery and equipment by 1.2 percent as compared to the last four months of 2018. Household final consumption expenditure rose by 1.
Market Focus
  • Swiss government raises 2019 GDP growth forecast to 0.9% from 0.8% previously
  • Fed keeps rates on hold, points to 'favourable' economic outlook next year
  • German consumer price growth stabilised in November
  • French consumer prices rose by 0.1% in November, as expected

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