German Industrial Production declined more than expected in February

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Source: Nasdaq
German Industrial Production fell more than expected in February, mainly driven by unusually cold winter. Industrial production tumbled 1.3% on the monthly basis, said economy ministry on Thursday. Analysts predicted a smaller drop of 0.3%. The fall in production was mainly fuelled by decline in construction as cold weather sent the sector 17.1% lower. 
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Fri, 06 Apr 2012 06:21:56 GMT

European shares traded mixed on Thursday

European stocks fluctuated between gains and losses on Thursday as region's debt worries were partly offset by small improvement in Wall Street. Stoxx Europe 600 index added 0.1%, Italian FTSE MIB index slipped 0.2% while Spanish IBEX 35 traded flat. UK FTSE 100 index advanced 0.4% whereas German DAX lost 0.1%. French CAC 40 index improved 0.2%. 

Fri, 06 Apr 2012 06:41:41 GMT

UK production declines for the second straight month

UK manufacturing fell for the second consecutive month in February, signalling the economy's recovery may lag. Factory output dropped 1% compared to January, undermining the predictions of analysts who forecast an improvement of 0.1%. Production which makes a 10% of British economy was revised downwards in January from 0.1% growth to 0.3% decline.

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