Graph of the Week: European Economic Forecast – Winter 2015 Today the European Commission released its Winter Forecast. The report tries to predict the following two years of economic activity so as to guide policy makers, business leaders and other interested groups in their decision-making. This involves taking into account around 180 variables and receiving information from DG ECFIN country experts. These Forecasts are produced three times a year in …Read More

                        European Commission: Winter Economic Forecast: outlook improved but risks remain, 06 Φεβρουαρίου 2015.   Growth this year is forecast to rise to 1.7% for the EU as a whole and to 1.3% for the euro area. In 2016, economic activity should grow by 2.1% and 1.9% respectively. The pace of the recovery remains slow as Europe continues to …Read More

Eurostat News Release: December 2014 – Euro area unemployment rate at 11.4% – EU28 at 9.9%, 30 January 2015.   The euro area (EA18) seasonally-adjusted unemployment rate was 11.4% in December 2014, down from 11.5% in November 2014, and from 11.8% in December 2013. This is the lowest rate recorded in the euro area since August 2012. The EU28 unemployment rate was 9.9% in December 2014, down from 10.0% in …Read More

Eurostat News Release: Flash estimate–January 2015: Euro area annual inflation down to -0.6%, 30 January 2015.   Euro area annual inflation is expected to be -0.6% in January 2015, down from -0.2% in December 2014, according to a flash estimate from Eurostat, the statistical office of the European Union. This negative rate for euro area annual inflation in January is driven by the fall in energy prices (-8.9%, compared with …Read More

Eurostat News Release: Third quarter of 2014 – Household saving rate nearly stable at 13.1% in the euro area and down to 10.3% in the EU28, Household real income per capita increased by 0.6% in the euro area, 28 January 2015.   The household saving rate in the euro area was 13.1% in the third quarter of 2014, compared with 13.0% in the second quarter of 2014. In the EU28, …Read More

Eurostat News Release: Third quarter of 2014 – Business investment rate nearly stable at 21.7% in the euro area and 22.0% in the EU28, Business profit share nearly stable at 38.7% in euro area and stable at 38.4% in EU28, 28 January 2015.   In the third quarter of 2014, the business investment rate was 21.7% in the euro area, compared with 21.6 in the second quarter of 2014. This …Read More

Eurostat News Release: Tourism in the EU28 – New record level of 2.7bn tourism nights in the EU28 in 2014, Nights spent by non-residents accounted for 44%, 29 January 2015.   In 2014, the number of nights spent in tourist accommodation establishments in the EU is expected to have reached a new peak of around 2.7 billion nights, up by 1.7% compared with 2013. Following the decline observed in 2009 …Read More

Ministry of Finance: State Budget Execution for the 12 months January-December of 2014, 27 January 2015.   According to the final data available for the execution of the State Budget on a modified cash basis, the State Budget balance for the 12 months of 2014 presented a deficit of 3,697, million Euros against the target of Budget 2015 for deficit of 761 million Euros and the deficit of 5,441 million …Read More

Eurostat News Release: Third quarter of 2014: Seasonally adjusted government deficit down to 2.3% of GDP in the euro area, Deficit falls slightly to 2.9% of GDP in the EU28, 20 January 2015.   In the third quarter of 2014, the seasonally adjusted general government deficit to GDP ratio stood at 2.3% in the euro area (EA18), a decrease compared with 2.5% in the second quarter of 2014. In the …Read More

Eurostat News Release: Third quarter of 2014 compared with third quarter of 2013 – House prices up by 0.5%in the euro area – Up by 2.3% in the EU, 21 January 2015.   House prices, as measured by the House Price Index (HPI), rose by 0.5% in the euro area and by 2.3% in the EU in the third quarter of 2014 compared with the same quarter of the previous …Read More