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Category: U.K. and Eurozone OLD
[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]
[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]
[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]
[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]
[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]
[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]