Second quarter growth and development results in the euro zone are set for release soon and hopes are high for signs of increases, according to Bloomberg.
With an emphasis on the manufacturing and services sectors in particular, some economists are saying the region saw slippage in June. London-based Markit Economics said that development in the region might have pushed to 0.4 percent during the April to June period after checking in at 0.2 percent during the first quarter of the year. The sectors dropped to 52.8 in June after registering at 53.5 in May, yet both are above the division that signifies growth, which is 50.
"While pessimists will see the continuing fall in prices charged for goods and services as a further sign that the region is plagued by deflationary forces, optimists will note that fall in prices was only marginal and the smallest seen for over two years," chief economist Chris Williamson with Markit said, according to The Wall Street Journal.
Policy makers with the European Central Bank are convening a meeting on Thursday, for which a focus is scrutinizing the possibility of increased intervention.
German and Spanish growth slowed in June while Italian development picked up, according to The Wall Street Journal.
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