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

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Source: RTTNews
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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Fri, 24 Aug 2012 16:13:55 GMT

Austria production index climbs in June

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.

Fri, 24 Aug 2012 13:56:56 GMT

German shares sink, financials weight

German shares declined on Friday amid escalated risk-aversion in the market during meetings between EU leaders to discuss second bailout program of Greece. Mixed Eurozone's data coupled with rising uncertainty over the US stimulus measures created additional pressure on the German's stocks. The German DAX Index retreated by 0.44% to trade at 6,915.91. On the upside were utility and health

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