Data published during the past week signal tentative improvement in the euro area economy and illustrate the growing "north-south" division.Data published during the past week signal tentative tentative, adj not final or definite, such as an experimental or clinical finding that has not been validated. improvement in the euro area economy and illustrate the growing "North-South" division. German manufacturing output was unchanged in June, remarkable given that in May the increase was 5.2 percent m/m. Hence, for Q2 manufacturing output was down 'just' 0.5 percent q/q (not annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. ), after -13.9 percent q/q in Q1, which has led analysts to increase the German Q2 GDP GDP (guanosine diphosphate): see guanine. estimate (due next Thursday) from -0.1 percent q/q to flat. However, Italian GDP came in at -0.5 percent q/q, with industrial output having fallen 3.9 percent q/q (after -9.7 percent q/q in Q1). Spanish Spanish, river, c.150 mi (240 km) long, issuing from Spanish Lake, S Ont., Canada, NW of Sudbury, and flowing generally S through Biskotasi and Agnew lakes to Lake Huron opposite Manitoulin island. There are several hydroelectric stations on the river. Q2 GDP looks to have declined about 1.0 percent q/q, with industrial output down 2.7 percent q/q (after -6.2 percent in Q1). Putting it together, many analysts continue to look for euro area "flash" Q2 GDP (Thursday) to have declined about 0.4 percent q/q. |
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