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German preliminary Q1 GDP growth came in stronger than expected, +0.5% Q/Q vs. an expected...

  • Tuesday, May 15, 2012, 2:18 AM ET
    German preliminary Q1 GDP growth came in stronger than expected, +0.5% Q/Q vs. an expected +0.2%. In calendar-adjusted terms, GDP +1.2% Y/Y. Non-adjusted: +1.7% Y/Y.
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This news story has 4 comments:

  •  
    The Euro 17 economic sentiment indicator has been below its 9 month moving average since last June....a break above that moving
    average and we know things are better until then we are sloshing
    around...
    15 May 2012, 02:35 AM Reply Like
  •  
    There is a growing economic rift between Germany and its satellites on the one side and the periphery on the other. Germany's good numbers are of no help to Spain. If anything this growth number indicates German industry eating away at peripheral industry. A populist viewpoint would say: for every job created in Germany, one job is lost in the periphery.
    15 May 2012, 03:45 AM Reply Like
  •  
    Sort of like division of labor:
    - Germany - BMW's + engineers.
    - PIIGS - olives and oranges + waiters.
    15 May 2012, 04:05 AM Reply Like
  •  
    Weak Euro is positive for Germany....until the weak countries start to default on what is owed. Germany is playing a very dangerous game of hoping the bailouts will be paid back while enjoying a weak euro in the short term.
    15 May 2012, 06:28 AM Reply Like
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