Eurostat News Release: First estimation of European aggregates based on ESA 2010, ESA 2010 shifts level of EU and euro area GDP upward, growth rates almost unaffected, 17 October.   The European system of accounts 2010 (ESA 2010) provides a revised set of concepts, definitions, classifications and accounting rules that enable the EUMember States to produce consistent, reliable and comparable statistical descriptions of their economies. For most Member States the …Read More

Eurostat News Release: August 2014 compared with July 2014: Production in construction up by 1.5% in euro area, Up by 0.5% in EU28, 17 October.   In August 2014 compared with July 2014, seasonally adjusted production in the construction sector grew by 1.5% in the euro area (EA18) and by 0.5% in the EU28, according to first estimates from Eurostat, the statistical office of the European Union. In July 2014, …Read More

European Commission, (2014), “Quarterly report on the euro area”, Vol. 13, N. 3 (2014). The focus section reviews ongoing developments in household and corporate indebtedness in the euro area and analyses the different patterns of adjustment underway. The analysis suggests that the adjustment process still has a long way to go, including in economies that have already deleveraged by a considerable amount. In several vulnerable countries, corporations and households may …Read More

Eurostat – Statistics Explained: Housing price statistics – house price index, 15 October.     This article describes the house price index (HPI) in the euro area and the European Union (EU), presenting data on this indicator both at European and Member State level. It also provides examples of possible use of this indicator in relation to other statistics, such as consumer price indices, rent price indices and household disposable …Read More

Eurostat News Release: 10th ASEM Summit – ASEM partners accounted for 44% of EU28 imports and 30% of exports in 2013, 15 October.   From 2003 to 2013, the share in EU28 international trade in goods of the 20 non-EFTA partner countries (ASEM partners) taking part in the Asia-Europe Meeting rose significantly, with the share of the ASEM partners in EU28 exports increasing from 25% to 30%, and from 40% …Read More

European Business Cycle Indicators: Developments in business and consumer survey data in 2014Q3, 15 October.   Both the EU and the euro-area Economic Sentiment Indicator (ESI) declined over the third quarter of 2014 compared to June. Worsened sentiment in both the EU and the euro area reflected lessoptimistic consumers and retailers, and to a lesser extent, managers in industry and services. Compared with June 2014, the ESI decreased in four …Read More

Eurostat News Release: August 2014 compared with July 2014 – Industrial production down by 1.8% in euro area – Down by 1.4% in EU28, 14 October. In August 2014 compared with July 2014, seasonally adjusted industrial production fell by 1.8% in the euro area (EA18) and by 1.4% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In July 2014, industrial production rose by …Read More

Eurostat News Release, 09 October: Second quarter of 2014 compared with second quarter of 2013: House prices stable in the euro area, Up by 1.7% in the EU House prices, as measured by the House Price Index 1 (HPI), remained stable in the euro area and rose by 1.7% in the EU in the second quarter of 2014, compared with the same quarter of the previous year. These figures come …Read More

Jakub Marian: Average number of languages spoken by the EU population, Jakubmarian.com Blog, 09 October.   The Eurobarometer 386 survey organized by the European Commission provided a lot of insight into linguistic abilities of Europeans, and it was a rich source of data for me to visualize (see this map, for example). While browsing the Annex of the survey, I noticed there was also interesting information about the percentages of …Read More

Eurostat: “Extra-euro area trade in goods“, Data from September 2014. The aim of this article is to provide an overview of the main characteristics of the extra-euro area trade in goods. All the series between 2002 and 2013 have been recalculated to include all the 18 members of the euro area (EA-18). Main statistical findings Extra-euro area (EA-18) trade decreased from EUR 3 673 billion in 2012 to EUR 3 632 billion in …Read More