Swedish unemployment rate improved in July

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Source: Forexpros

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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Thu, 23 Aug 2012 19:30:54 GMT

Eurozone's manufacturing activity rose in August

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.

Thu, 23 Aug 2012 19:08:54 GMT

German GDP growth slows down in Q2

Europe's biggest economy added 0.3 per cent in the second quarter, following a 0.5% increase in the previous quarter, according to data released by Destatis on August 23. The results met analysts' expectations. Year-over-year German economy increased 0.5% in the second quarter, after growing 1.7% in the previous.

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