External broker reports(aggregated public sources), ABN AMRO

ABN AMRO

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External broker reports(aggregated public sources)

Macroeconomics

<div data-component-type="rich-text"><ul><li>The 2nd estimate of Q2 GDP was released this morning, and headline growth was unrevised from the 1st estimate at 0.1% q/q. </li><li>We still do not have the expenditure breakdown, but with industrial production revised down in May and coming in weak in June, we suspect that net exports were revised down on the back of the unwind of US export frontloading, but that this was offset by consumption, which is coming in stronger. </li><li>The full details will be released with the 3rd estimate of Q2 GDP on 5 September. We will update our growth forecasts in our Global Monthly publication, released next week.</li></ul></div>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

The 2nd estimate of Q2 GDP was released this morning, and headline growth was unrevised from the 1st estimate at 0.1% q/q. We still do not have the expenditure breakdown, but with industrial production revised down in May and coming in weak in June, we suspect that net exports were revised down on the back of the unwind of US export frontloading, but that this was offset by consumption, which is coming in stronger. The full details will be released with the 3rd estimate of Q2 GDP on 5 September. We will update our growth forecasts in our Global Monthly publication, released next week.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

ECB rate cut cycle most likely over