Euro area and German GDP figures in focus – Danske Bank

Research Team at Danske Bank, suggests that in the euro area the second release of Q2 GDP growth is due for release together with the first release of the German figure.

Key Quotes

“The first estimate for the euro area showed economic growth at 0.3% q/q and 1.6% y/y, which is still higher than the potential growth rate of the euro area. Domestic demand has been the main driver of GDP growth in recent years, but the higher oil price in Q2 is likely to have been a headwind to private consumption.      

Also Euro area and German industrial production figures for June will be released. In line with the GDP figures mentioned above, the data covers the period before the Brexit vote, implying it will attract less attention.”