Statistical Notes Saturday July 30

-British second quarter GDP growth was 0.2% compared to the previous quarter and 0.7% compared to Q2 2010 according to preliminary estimates, confirming the picture of stagnant growth suggested by other data.

-The U.S. housing market continues to be weak as new home sales and house prices fell.

Meanwhile, durable goods orders fell, indicating that housing weakness is spreading to the manufacturing sector.

-Euro area consumer price inflation fell from 2.7% to 2.5% in July, while money supply growth was unchanged at 1.2%.

-Swedish GDP growth fell according to preliminary estimates on an annual basis from 6.3% to 5.3%, but that is still very high and reflected entirely a base effect as the strong growth in Q2 2010 was removed from the comparison.

-Retail sales rose in Latvia in real terms by 3.3% compared to the previous month and 5.4% compared to the previous year. In Estonia the increase was 4% compared to both the previous month and the previous year. Estonia's industrial production rose 1.5% compared to the previous month and 23.8% compared to the previous year.

In Lithuania, GDP increased 6.1% compared to the previous year.

-South Korea's GDP rose by 0.8% in the second quarter compared to the previous quarter and 3.4% compared to the previous year, indicating a steady expansion.

-Israel's unemployment rate fell to a new 20-year low of 5.7%. It is down from a cyclical peak of 7.7% two years ago.