China property prices increase

Source: Bloomberg
© Scanpix/Reuters
China's home prices showed the biggest rise in a year, reported SouFun Holdings Ltd., the owner of country's major real estate website. Real estate prices gained 0.3% to 8,717 yuan ($1,369) per square meter in July, the second monthly gain and the strongest increase since June 2011. The back-to-back monthly rise posted the "turning point" for China's real estate market.
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Wed, 01 Aug 2012 11:25:54 GMT

Spain's manufacturing picks up pace

Spain's factory slowdown pace eased in July, while the sector still declined for the 15th month in a row and jobless rate climbed to the two-year high. Spain's PMI rose to 42.3 in July from 41.1 in June, beating forecasts of 40.5. Spain's manufacturing area is based on aerospace and automotive industries, which are both hit by the Eurozone crisis

Wed, 01 Aug 2012 10:28:00 GMT

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