Eurozone's manufacturing activity rose in August

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Source: Forexpros
Eurozone's manufacturing activity improved in August, while still remained in the contraction zone for a twelfth month in a row. According to Markit's report, region's PMI Index rose to 46.6 from 46.5 in July. Any reading below 50 indicates contraction. As the overall output declined, the further drop in new orders can be expected.
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Thu, 23 Aug 2012 19:41:53 GMT

Spain in talks with Eurozone's leaders over bailout terms

The Spanish government is in talks with its Eurozone partners over conditions for financial help in order to lower nation's borrowing costs, or to request a full bailout.  Earlier this month Mario Draghi vowed to do all necessary to defend the Eurozone. The ECB is likely to resume its massive bond-buying program and purchase Spanish government bonds at primary auctions.

Thu, 23 Aug 2012 19:19:53 GMT

Swedish unemployment rate improved in July

Swedish unemployment rate fell to 7.0 per cent in July, from 8.80 per cent in the previous month, the statistics office said on Thursday, August 23. Meanwhile, analysts had expected nation's jobless rate to fall to 7.2 per cent. Total employment stood at 4.859 million people in July.

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