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Europe Economy Archive: 
EU Retail Sales Rise 0.3% in August
Oct 03, 7:46 AM ET
In August 2008, compared with August 2007, retail trade of food, drinks and tobacco fell by 2% in the euro area and by 1.8% in the EU27.
In August 2008, compared with July 2008, the volume of retail trade1 rose by 0.3% in the euro area EA15 and by 0.4% in the EU27. In July retail trade increased by 0.1% and 0.3% respectively. In August 2008, compared with August 2007, the retail sales index fell by 1.8% in the euro area and by 0.2% in the EU27.
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ECB Leaves Key Rate at 4.25%
Oct 02, 9:44 AM ET
The European Central Bank decided to leave rates unchanged at 4.25%.
At today’s meeting the Governing Council of the ECB decided that the minimum bid rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 4.25%, 5.25% and 3.25% respectively.
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EU PPI Declines 0.5% in August
Oct 02, 9:39 AM ET
In August 2008 compared with August 2007, industrial producer prices increased by 8.5% in the euro area and by 10.4% in the EU27.
In August 2008 compared with July 2008, the industrial producer price index fell by 0.5% in the euro area EA15 and by 0.7% in the EU27. In July, prices rose by 1.3% and 1.2% respectively.
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German Retail Sales Rise 3.1% in August
Oct 01, 10:07 AM ET
The August turnover was in nominal terms 3.6% and in real terms 3.1% larger than that of the preceding month.
According to provisional results of the Federal Statistical Office, turnover in retail trade in Germany in August 2008 was in nominal terms 0.3% larger and in real terms 3.0% smaller than that in the corresponding month of the previous year.
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UK GDP Remains Flat in Q2
Sep 30, 2:11 PM ET
Output of the production industries fell 0.7 per cent compared with a fall of 0.4% in the previous quarter.
GDP growth was 0.0% in the second quarter of 2008, unrevised from the previous estimate. The level of GDP in the second quarter of 2008 is now 1.5% higher than the second quarter of 2007.
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German Import Price Index Falls 0.8% in August
Sep 26, 9:22 AM ET
From July to August 2008 the index of import prices fell by 0.8%.
As reported by the Federal Statistical Office, in August 2008, the index of import prices increased by 9.3% from the corresponding month of the preceding year. In July and in June 2008 the annual rates of change were +9.3% and +8.9%, respectively.
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EU Current Account Deficit Narrows to 1.7B Euro
Sep 24, 9:18 AM ET
Reserve assets increased by EUR 2 billion. The stock of the Eurosystem’s reserve assets stood at EUR 356 billion at the end of July 2008.
In July 2008 the working day and seasonally adjusted current account of the euro area recorded a deficit of EUR 1.7 billion. In the financial account, combined direct and portfolio investment showed net outflows of EUR 19 billion.
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French Consumer Spending Falls 0.3% in August
Sep 23, 9:47 AM ET
Household consumption in equipment goods went up throughout July and August ,+0.3% and +0.6% respectively.
In July and August 2008, household consumption expenditures in manufactured goods, measured in chained volumes, increased by 0.4%,July and decreased by 0.3%,August trading day and seasonally adjusted figures.
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EU Industrial New Orders Rise 1% in July
Sep 23, 7:54 AM ET
In July 2008 compared with July 2007, industrial new orders grew by 1.6% in the euro area and by 2.8% in the EU27.
In July 2008 compared with June 2008, the euro area EA15 industrial new orders index grew by 1%. In June the index dropped by 0.5%. In the EU27 new orders increased by 2.3% in July 2008, after remaining stable in June3. Excluding ships, railway & aerospace equipment4 industrial new orders fell by 1.4% in the euro area and by 3.6% in the EU27.
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German PPI Falls 0.6% in August
Sep 19, 8:34 AM ET
Compared with the preceding month, the index fell by 0.6% in August 2008.
As reported by the Federal Statistical Office, the index of producer prices for industrial products for Germany was up 8.1% in August 2008 from the corresponding month of the preceding year. In July 2008, the annual rate of change was +8.9%.
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