Analysts at TD Securities offer a sneak peek at what to expect from Wednesday’s German Preliminary GDP data for the second quarter, slated for release at 0600 GMT.
“Germany releases its first estimate of Q2 GDP today, and we're in line with consensus in looking for a mild contraction of -0.1% q/q.
With nearly a 2% q/q contraction in IP for the quarter, its worst result since 2012, the manufacturing sector will be a substantial drag on German growth through the middle of the year.”
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