German industrial output to have increased by 0.4% mom in June, following flat growth in May.
Despite the weak momentum, the average for Q2 should be similar to Q1 and provide room for around 0.5% qoq growth in Q2, with consumption remaining more buoyant.
"A key reason for the weak momentum in the industry is probably the still-weak global demand and trade. Survey indicators point to a still mixed outlook for the start of Q3", says Societe Generale.