U.K. gross mortgage lending climbs in July

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Source: RTTNews
U.K. gross lending rose 8% on month to 12.7 billion pounds in July, reported by Council of Mortgage Lenders on Monday. Gross mortgage lending surged 2% on year-on-year basis. Analysts are waiting for the September figures, largely influenced by the bias effects of the Olympics and the Diamond Jubilee.
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Mon, 20 Aug 2012 16:13:45 GMT

Germany growth rate seen weaker in second half

The German economy is expected to expand slower during the second half of the year, pressured by the decreasing demand from Eurozone, the Finance Ministry announced on Monday. The most recent data showed the GDP gained 0.3% on quarter in the Q2. Tax revenue surged 5% on year through July, supported by the rise in employment and wages.

Mon, 20 Aug 2012 15:51:45 GMT

Euro area construction output tumbles

Euro area's construction output fell for the third straight month in June, as Eurostat reported on Monday. A seasonally adjusted output declined 0.5% from May, when it dropped 0.2%. Building construction tumbled 0.1%, compared to stagnation in preceding month. On yearly basis, output slid 2.8%, compared to a 8.1% decrease in May.

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