Eurozone GDP ticks down in Q2, but meets expectations

The eurozone's second-quarter GDP deteriorated slightly on both a quarterly and annual basis, with growth of 0.3% and 1.6%, respectively, following gains of 0.6% and 1.7% seen previously.

Further, EU28 states dropped 0.4% vs 0.5% prior q/q, and on annualized basis remained unchanged at 1.8%.

Meanwhile, Euro zone industrial production hiked 0.6% on a monthly basis in June, a rebound from the 1.2% fall previously. A rise of 0.4% was booked year-on-year, after the 0.3% gain in May.