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3 Numbers: US confidence buoyed over the summer
The mood across Europe’s business and consumer sectors is in focus today with a survey update from the European Commission. Later, we’ll see new numbers on consumer confidence in August for the US and the UK. Eurozone: Business Climate Indicator (0900 GMT) Now-casting.com’s weekly estimate of third quarter GDP growth for the euro area continues to slip. Last Friday’s update reflected a slight decline to a 0.21% quarter-over-quarter rise, the weakest estimate so far for the Q3 projection. If the prediction holds, Eurozone GDP growth in the July-September period will advance at the slowest pace in two years. A ... (full story)