German prelim Q4 GDP m/m: Expands less than expectations

On Tuesday, the data from Destatis showed that the preliminary reading of the German GDP expanded 0.4% inter-quarter in Q4 and 1.7% YoY vs. previous revised readings at 0.1% and 1.5%, respectively.

Om monthly basis, the growth numbers missed estimates, while annualized GDP figures came in line with expectations.