Eurostat/ Euro area international trade in goods deficit of €0.6 bn/ 17 March 2017 The first estimate for euro area (EA19) exports of goods to the rest of the world in January 2017 was €163.9 billion, an increase of 13% compared with January 2016 (€144.9 bn). Imports from the rest of the world stood at €164.5 bn, a rise of 17% compared with January 2016 (€140.1 bn). As a result, …Read More
Annual inflation up to 2.0% in the euro area
Eurostat/Annual inflation up to 2.0% in the euro area, 16 March 2017 Euro area annual inflation was 2.0% in February 2017, up from 1.8% in January. In February 2016 the rate was -0.2%. European Union annual inflation was 1.9% in February 2017, up from 1.7% in January. A year earlier the rate was -0.1%. These figures come from Eurostat, the statistical office of the European Union. Relevant Posts Eurostat/ “Euro area annual …Read More
Employment up by 0.3% in the euro area and by 0.2% in the EU28
Eurostat/Employment up by 0.3% in the euro area and by 0.2% in the EU28, 15 March The number of persons employed increased by 0.3% in the euro area (EA19) and by 0.2% in the EU28 in the fourth quarter of 2016 compared with the previous quarter, according to national accounts estimates published by Eurostat, the statistical office of the European Union. In the third quarter of 2016, employment increased by 0.2% …Read More
Industrial production up by 0.9% in euro area Up by 0.5% in EU28
Eurostat/Industrial production up by 0.9% in euro area Up by 0.5% in EU28, 14 March In January 2017 compared with December 2016, seasonally adjusted industrial production rose by 0.9% in the euro area (EA19) and by 0.5% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In December 2016 industrial production fell by 1.2% in the euro area and by 0.7% in the EU28. Relevant …Read More
Slight easing of G20 GDP growth in fourth quarter of 2016
OECD/ Slight easing of G20 GDP growth in fourth quarter of 2016/ 13 March GDP growth slowed sharply in North America: to 0.5% (from 0.9% in the previous quarter) in the United States, to 0.7% (from 1.1%) in Mexico, and to 0.6% (from 0.9%) in Canada. It also slowed, albeit more moderately, in several Asia Pacific economies, in particular Korea (to 0.4%, from 0.6%), India (to 1.6%, from 1.8%) and China …Read More
ECB staff macroeconomic projections for the euro area
European Central Bank/ECB staff macroeconomic projections for the euro area, March 2017 The economic recovery in the euro area is projected to firm further, at a pace slightly above previous expectations. The expected global recovery and resilient domestic demand, supported by the very accommodative monetary policy stance, past progress made in deleveraging across sectors and a continued improvement in the labour market are projected to sustain the recovery over the projection horizon. The recent oil …Read More
GDP up by 0.4% in the euro area and by 0.5% in the EU28
Eurostat/ GDP up by 0.4% in the euro area and by 0.5% in the EU28/ 7 March 2017 Seasonally adjusted GDP rose by 0.4% in the euro area (EA19) and by 0.5% in the EU28 during the fourth quarter of 2016, compared with the previous quarter, according to an estimate published by Eurostat, the statistical office of the European Union. In the third quarter of 2016, GDP grew by 0.4% …Read More
Government expenditure on social protection accounted for almost one fifth of GDP
Eurostat/ Government expenditure on social protection accounted for almost one fifth of GDP/ 6 March 2017 Social protection represented the most important area of general government expenditure in 2015 in all EU Member States. The ratio of government social protection expenditure to GDP varied across EU Member States from less than 10% in Ireland (9.6%) to over a quarter in Finland (25.6%). Eight Member States – Finland, France, Denmark, Austria, …Read More
Euro area annual inflation up to 2.0%
Eurostat, (2017), “Euro area annual inflation up to 2.0% “, 2 March Euro area annual inflation is expected to be 2.0% in February 2017, up from 1.8% in January 2017, according to a flash estimate from Eurostat, the statistical office of the European Union. Relevant Posts Eurostat/ Annual inflation up to 1.8% in the euro area- 22 February 2017 Huttl, Pia, (2017), “Inflation’s comeback”, Bruegel, 13 February
Euro area unemployment at 9.6 %
Eurostat, (2017), “Euro area unemployment at 9.6 %”, 2 March The euro area (EA19) seasonally-adjusted unemployment rate was 9.6% in January 2017, stable compared to December 2016 and down from 10.4% in January 2016. This remains the lowest rate recorded in the euro area since May 2009. The EU28 unemployment rate was 8.1% in January 2017, down from 8.2% in December 2016 and from 8.9% in January 2016. This is …Read More