Analysts at Rabobank point out that, during Europe’s night Japan will release its second quarter GDP statistics and they estimate that Q2 growth should come in around 0.3% q/q.
Key Quotes
“Private consumption seems to have recovered from a weak first quarter. That said, the industrial sector is looking less resilient, with monthly data showing signs of weakness.”
“This was once again confirmed today, with core machine orders -though admittedly a volatile series- declining 8.8% m/m in June.”
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