GDP Contraction in Q1 2023 Driven by Inventory Reduction and Service Imports Growth. Trade Balance Impacted by Increased Service Imports

Market Analysis: EUR/USD Signals and Trends

GDP first quarter 2023: contraction due to inventory reduction and growth in service imports

 

 

 

GDP outlook: sluggish growth in quarters ahead

 

 

Sectors: contraction in ICT, recreation & culture and industry in first quarter

 

 

Trade balance: especially higher service import worsened the trade balance

 

 

Exports: while total exports fell businesses also became negative about export order book

 

Investment: still solid investment growth

 

 

Profitability: indication of higher profitability, but especially smaller businesses are still negative about it

Market Analysis: EUR/USD Signals and Trends

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