Eurozone GDP expands 0.6% QoQ in Q2 vs. 0.7% expected

The Eurozone economy expanded by 0.6% QoQ in the second quarter of this year, missing 0.7% expected and down from the 0.7% first reading, the second estimate showed on Wednesday. 

On an annualized basis, the bloc’s GDP rate rose by 3.9% in Q2 vs. the preliminary figure of 4.0% while falling short of 4.0% expectations.

The Preliminary Employment Change in the old continent for Q2 arrived at  0.3% QoQ and 2.4% YoY.

more to come ...