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Analysts at Nomura suggest that disappointing production figures in the quarter, alongside weak retail sales and investment suggest that growth in earlier quarters is unlikely to be achieved in Q3 for Eurozone economy.

Key Quotes

“PMIs have been declining since July, but still point to growth of around 0.4%; however, in the past PMIs have overestimated growth. Rather, we see growth of just 0.3% in Q3, which would be its weakest rate for two years.”