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Analysts at Nomura expect the first reading of euro area Q2 GDP to grow steadily by 0.4%.

Key Quotes

“While there will be no underlying expenditure details in this release, we expect domestic demand to support the economic expansion. However, protectionism fears continue to threaten the economy, and July PMI data shows the external demand is still weak.”

“We continue to think the euro area economy will not return to the heady height of last year in the second half of 2018.”