Germany Q1 final GDP -1.8% vs -1.7% q/q prelim

Latest data released by Destatis – 25 May 2021

  • GDP (non-seasonally adjusted) -3.4% vs -3.3% y/y prelim
  • GDP (working day adjusted) -3.1% vs -3.0% y/y prelim

The preliminary report can be found here. A light change to the initial estimate but nothing that really affects the overall picture and outlook with the market more focused on how things are going to shape up in 2H 2021.

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