2017 German GDP NSA arrives at 2.2% y/y vs. 2.3% expected

The German Federal Statistical Office released the 2017 annualized GDP reading for the German economy, which is seen as the preliminary numbers.

Key Details:

Germany 2017 non-seasonally adjusted (NSA) GDP y/y +2.2% vs +2.3% expected

Public sector budget surplus +1.2% of GDP (vs +0.8% in 2016).

Imports y/y +5.2% vs +3.9% in 2016.

Exports y/y +4.7% vs +2.6% in 2016.