Eurozone flash Q2 GDP steadies at 0.2% q/q, meets estimates – EUR/USD unmoved

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According to the second revision to the Eurozone GDP published by Eurostat, the statistical office of the European Union (EU), the Eurozone economy expanded 0.2% in the second quarter of 2019, confirming the preliminary flash readout.

On an annualized basis also, the region’s economic growth matched the original estimates and arrived at 1.1%. Both the figures met the consensus forecasts.

Meanwhile, the bloc’s Industrial Production came in at -1.6% m/m in June vs. -1.4 expected and +0.8% last.

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