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Category: U.K. and Eurozone OLD
Eurozone: Germany Contracting Too?
[private]EU Commission business and consumer survey figures for July once again provided more sobering messages, with a clearer contraction being flagged in all Eurozone countries…Eurozone: Germany Contracting Too?[/private]
Sweden: Economy Even Stronger
[private]For the second successive quarter, preliminary national accounts data came in well ahead of expectations, including those of the Riksbank.Sweden: Economy Even Stronger[/private]
Eurozone: ECB Puts Itself Back in the Spotlight
[private]Recent comments from the ECB hierarchy, but particularly a speech from President Draghi, have put the central bank very much in the market spotlight.Eurozone: ECB Puts Itself Back in the Spotlight[/private]
Eurozone: Lending Weakness Continues
[private]Coming in ahead of expectations, June M3 money supply growth picked up slightly further, rising 0.1 percentage point to 3.2% Y/Y, a three-month high.Eurozone: Lending Weakness Continues[/private]
UK: Clearer Recession!
[private]Real GDP slumped by 0.7% in Q/Q terms last quarter, very much accentuating the 0.3% fall seen in Q1 and the larger than previously estimated drop of 0.4% in Q4 2011.UK: Clearer Recession![/private]
Germany: Ifo Survey Loses More Froth
[private]Undershooting expectations even more clearly this time around, the July Ifo business climate index fell 1.9 points to 105.3, a third successive drop.Germany: Ifo Survey Loses More Froth[/private]
Eurozone: Loan Demand Still Falling
[private]The latest (July) ECB bank lending survey, which relates to actual changes during Q2 and to expectations in the current quarter, suggests that the net tightening of credit standards by Eurozone banks was little changed…Eurozone: read more
Eurozone: Still Contracting, No End in Sight!
[private]Still clearly reiterating the message of the previous data, the July flash PMIs suggest that economic activity in the Eurozone is still contracting and on a broad basis geographically, given the more sobering results in read more
Forecast Calendars: G7
[private]7-20G7[/private]
Switzerland: Is the SNB Being Franc?
The SNB is under increasing pressure to defend its foreign exchange target of at least 1.20 against the euro. Eurozone tensions have finally begun to take their toll on the euro. As a result, read more