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Still, he cautioned that the positive data might be temporary.
Such a progression is not certain, particularly given slightly more positive data over recent years.
"Positive data comes out and markets aren't excited about it.
Economists approached the mostly positive data with some caution.
Less positive data, he added, "will rekindle the debate of whether the economy will roll over and spiral back down".
Yes, this slightly more positive data is welcome – but there is no room for any complacency whatsoever.
The figure was a disappointment after surprisingly positive data in recent weeks, including gains in consumer spending and industrial output.
"Yes, this slightly more positive data is welcome – but there is no room for any complacency whatsoever," Rehn said.
While analysts view this target as a stretch, there has been a steady flow of positive data on new treatments.
Earlier there were mixed PMI reports, with positive data from Germany but disappointment from France and China.
Economists have been revising up their gloomy predictions for the UK economy in recent days as news as more positive data rolls in.
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