German industrial output rises signalling economy is improving

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Source: RTT News
© Scanpix/FP
German industrial production advanced at the faster pace than economists originally expected in the month of August after the country's capital goods recorded a notable rise suggesting that the nation's economy is improving, the Economy Ministry reported on Wednesday. The report showed that industrial output added 1.4% in August after falling 1.1% in the month before.

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Wed, 09 Oct 2013 19:34:03 GMT

UK recession is over, depression likely to continue: NIESR

Recession of the United Kingdom's economy is over if the output keeps increasing, however, the period of depression is more likely to continue, a survey revealed by the National Institute of Economic and Social Research showed on Wednesday. Performance of the UK's economy recorded a 0.8% growth in the Q3, while in the three months to August it added 0.9%.

Wed, 09 Oct 2013 19:12:04 GMT

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