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Wall Street analysts expected a much smaller drop.
Those who survived the downturn have now benefited from a much smaller drop in prices over the past year.
A 20-25% average price decline in Britain could imply a fall of over one-third in London house prices but a much smaller drop in the north.
House prices in America and other economies are unlikely to fall as precipitously as share prices have done over the past three years, but even a much smaller drop could do more serious economic harm.
Now they are fretting about a two-speed euro zone as well.On August 13th figures showed the euro area's overall GDP had declined by just 0.1% in the three months to the end of June, a much smaller drop than had been expected.
If, however, the tax is passed on to customers in higher prices, it is assumed there would be a drop in demand but it would lead to a much smaller drop in corporation tax paid by distillers.
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Compared to non-flash-boiling (liquid) spray, flash-boiling spray features a two-phase flow that constantly generates vapor bubbles inside the liquid spray thus results in much smaller drop size and faster evaporation, which are favorable for direct-injection gasoline engine combustion.
The Office for National Statistics also revised its March figures to show a much smaller 0.5% drop in sales on the month, rather than the 1.3% it had previously reported.
They provide the same or even a higher surface area per volume of catalyst bed while inducing a much smaller pressure drop than corresponding fixed beds.
Although it did not open as strongly as "Harry Potter," which set a record of more than $90 million in its first three days, "Fellowship of the Ring" had a much smaller second-weekend drop and appears set to easily march past $200 million in the next few weeks.
The department revised durable goods orders for November to show a much smaller 0.3 percent fall rather than the previously reported 1.3 percent drop.
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CEO of Professional Science Editing for Scientists @ prosciediting.com