Euro zone 2Q GDP preliminary reading was revised to the upside on the year to 1.9% from both advanced and forecasted readings of 1.7%, while on the quarter the reading remained unrevised at 1.0%, in line with median estimates.

Details released showed that gross fixed capital formation inclined to 1.8% compared with the revised -0.4% from the initial -1.2%, government expenditure surged to 0.5% from 0.2%, and household consumption soared to 0.5% relative to forecasts of 0.2%, whereas the prior reading was revised upwards to 0.2% from -0.1%.