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European Economics Preview: Eurozone GDP Data Due

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Flash quarterly national accounts from euro area is due on Wednesday, headlining a light day for the European economic news.

At 3.00 am ET, the Czech Statistical Office is set to publish GDP data. GDP is forecast to grow 0.8 percent sequentially in the second quarter, slower than the 1.5 percent expansion seen in the first quarter.

In the meantime, Hungary's final GDP data is due. Economists forecast 3.6 percent annual growth for the second quarter.

At 3.30 am ET, Dutch GDP data is due. The economy is expected to grow 0.6 percent on quarter in three months to June compared to 0.4 percent in the first quarter.

At 4.00 am ET, Italy's Istat is scheduled to issue preliminary GDP data. Economists forecast 0.4 percent sequential growth for the second quarter, the same as in the first quarter.

In the meantime, the Central Statistical Office of Poland releases GDP data. GDP is expected to grow 3.8 percent on year in the second quarter versus 4 percent in the first quarter.

Half an hour later, the Office for National Statistics is set to publish UK labor market statistics. The ILO jobless rate is forecast to remain unchanged at 4.5 percent in the second quarter.

At 5.00 am ET, Eurostat is slated to release euro area GDP data. The sequential growth is seen at 0.6 percent in the second quarter, the same as estimated initially.

by RTT Staff Writer

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