Austria production index climbs in June

Source: RTTNews
Austria's production index surged in June amid a rise in industrial output offsetting a drop in construction output, Statistics Austria reported on Friday. The index increased a working-day adjusted 0.3% on year. Industrial production advanced 0.8%, while construction output fell 2.7%. However the production index declined 1.6% on monthly basis.
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Fri, 24 Aug 2012 16:24:58 GMT

Euro falls against U.S. Dollar on ECB talks

The Euro cut a four-day rally versus the U.S. Dollar as the ECB bond purchasing plan was announced to be postponed until Germany's ruling on Eurozone bailout fund. On Friday, the Euro tumbled 0.4% to $1.2516, after reaching $1.2590 yesterday, the highest since July 4. It fell 0.3% to 98.28 Yen.

Fri, 24 Aug 2012 16:02:56 GMT

U.K. economy contracts less-than-estimated in Q2

The U.K. economy shrank 0.5% in Q2, upwardly revised from a preliminary 0.7% decline, the Office for National Statistics said on Friday. The first quarter posted a fall of 0.3%. Production output slid 0.9%, from 1.3% fall estimated previously. Construction output slipped 3.9% instead of 5.2%.

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