Eurostat/Production in construction up by 6.9% in euro area up by 4.4% in EU28/24 April 2017 In February 2017 compared with January 2017, seasonally adjusted production in the construction sector increased by 6.9% in the euro area (EA19) and by 4.4% in the EU28, according to first estimates from Eurostat, the statistical office of the European Union. In January 2017, production in construction fell by 2.4% in the euro area and …Read More
Euro area international trade in goods surplus €17.8 bn
Eurostat/Euro area international trade in goods surplus €17.8 bn/19 April 2017 The first estimate for euro area (EA19) exports of goods to the rest of the world in February 2017 was €170.3 billion, an increase of 4% compared with February 2016 (€163.2 bn). Imports from the rest of the world stood at €152.6 bn, a rise of 5% compared with February 2016 (€144.9 bn). As a result, the euro area …Read More
Annual inflation down to 1.5 % in the euro area
Eurostat/Annual inflation down to 1.5 % in the euro area/19 April2017 Euro area annual inflation was 1.5% in March 2017, down from 2.0% in February. In March 2016 the rate was 00.0%. European Union annual inflation was 1.6% in March 2017, down from 2.0% in February. A year earlier the rate was 0.0%. These figures come from Eurostat, the statistical office of the European Union. Relevant Posts Eurostat/Euro area annual …Read More
Business investment rate up to 23.5% in the euro area
Eurostat/Business investment rate up to 23.5% in the euro area/12 April 2017 In the fourth quarter of 2016, the business investment rate was 23.5% in the euro area, compared with 22.0% in the previous quarter. The business profit share in the euro area was 42.0% in the fourth quarter of 2016, compared with 40.7% in the third quarter of 2016. Relevant Posts Eurostat/Business investment rate up to 22.2% in the …Read More
Household saving rate down to 12.0 % in the euro area
Eurostat/Household saving rate down to 12.0 % in the euro area/12 April 2017 The household saving rate in the euro area was 12.0% in the fourth quarter of 2016, compared with 12.3% in the third quarter of 2016. The household investment rate in the euro area was 8.5% in the fourth quarter of 2016, compared with 8.6% in the previous quarter. Relevant Posts Eurostat/Household saving rate up to 12.8% in …Read More
Home sweet home: the home bias in trade in the European Union
Mika, Alina, (2017), “Home sweet home: the home bias in trade in the European Union”, ECB Working Paper Series No 2046, April The aim of the paper is to answer the following question: do European Union countries trade domestically more than they would trade with their itnernaitonal clones? While this question may appear somewhat hypothetical, it is useful in understanding how much borders between countries hinder trade flows. To answer …Read More
Annual Report 2016
European Central Bank, (2017), “Annual Report 2016”, April 2017 In 2016 the euro area economy faced a demanding external environment. Growth in both advanced and emerging market economies was modest by historical standards and there were episodes of heightened uncertainty and short-lived peaks in financial market volatility, particularly following the UK referendum on EU membership in June and the US presidential election in November. Global inflation was subdued owing to …Read More
Industrial production down by 0.3% in euro area
Eurostat/Industrial production down by 0.3% in euro area/11 April 2017 In February 2017 compared with January 2017, seasonally adjusted industrial production fell by 0.3% in the euro area (EA19) and by 0.2% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In January 2017 industrial production rose by 0.3% in both zones. In February 2017 compared with February 2016, industrial production increased by 1.2% …Read More
Geneva Reports on the World Economy 15: Exit Strategy (CEPR flashback 2)The E
The Editors, (2017), “Geneva Reports on the World Economy 15: Exit Strategy (CEPR flashback 2)”, VoxEu, 8 April Central banks are now moving towards exiting from quantitative easing and other unconventional monetary policies. This column highlights a 2013 CEPR/ICMB report that examined the policy challenges surrounding this difficult and unprecedented task. It explores ways policymakers could handle exit and its long-run implications. This is part of the CEPR Flashbacks series that …Read More
Share of Member States in EU GDP
Eurostat/Share of Member States in EU GDP/10 April 2017 In 2016, the gross domestic product (GDP) of the European Union (EU) amounted to €14 800 billion (bn) at current prices. Over half of it was generated by three Member States: Germany, the United Kingdom and France. Relavant Posts Eurostat/ GDP up by 0.4% in the euro area and by 0.5% in the EU28/ 7 March 2017 European Commission, (2017), “European Economic …Read More