Consumer spending and business investments supported euro area's economy in the second quarter, Bloomberg reports. Capital spending added 0,3% to GDP. Total economic growth of the bloc consisting of 19 countries was 0,4%.

Showing the fastest rate of development in ten years in 2017, euro area's economy slowed down a little bit this year. This tendency might continue amid global trade dispute, rising protectionism and political instability in Turkey and Italy.

Record low interest rates of ECB and assets purchasing program also helped economy stimulating spending and increasing employment. However, this will change soon as some stimulus will be dropped next month.

Negative effect of trade war might hurt such companies as autoptoducers, including particularly Volkswagen, Daimler and BMW.

Data about economy weakening in the second half of this year is already here. Expectations of companies fell to the lowest level in two years, while Germany announced reduction in factory orders and industrial production in July.