ECB Left Rates at 4%
May 08, 8:25 AM EDT |
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| The European Central Bank decided to leave rates unchanged at 4%. |
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| At today’s meeting, which was held in Athens, 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 4.00%, 5.00% and 3.00% respectively. |
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BoE Leaves Rates Unchanged
May 08, 8:14 AM EDT |
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| The previous change in Bank Rate was a reduction of 0.25 percentage points to 5% on 10 April 2008. |
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| The Bank of England''''s Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 5%. |
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German Exports Fall 0.5% in March
May 08, 7:59 AM EDT |
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| The foreign trade balance showed a surplus of EUR 16.7 billion in March 2008. |
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| According to provisional data of the Federal Statistical Office, Germany exported commodities to the value of EUR 84.0 billion and imported commodities to the value of EUR 67.3 billion in March 2008. German exports of March 2008 were thus 0.2% and imports 3.3% above the respective March 2007 levels. Upon calendar and seasonal adjustment, exports and imports showed opposite month-on-month trends: Exports decreased by 0.5%, while imports increased by 0.8% on February 2008. |
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EU Retail Sales Drop 0.4% in March
May 07, 9:43 AM EDT |
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| In March 2008, compared to March 2007, retail trade of “food, drinks and tobacco” fell by 2.7% in the euro area and by 1% in the EU27. |
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| In March 2008, compared with February 2008, the volume of retail trade fell by 0.4% in the euro area EA15 and by 0.7% in the EU27. In February3 retail trade fell by 0.2% and rose by 0.6% respectively. In March 2008, compared with March 2007, the retail sales index fell by 1.6% in the euro area, but rose by 0.4% in the EU27. |
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UK Industrial Production Falls 0.5% in March
May 07, 8:44 AM EDT |
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| Manufacturing output in the latest quarter rose by 0.3% compared with the previous quarter. |
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| In the first quarter of 2008, the seasonally adjusted chained volume index for the output of the production industries fell by 0.2% compared with the previous quarter. Between February and March output of the manufacturing industries fell by 0.5%. |
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French Producer Prices up 0.5% in March
May 02, 12:29 PM EDT |
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| Industrial import prices, excluding energy and agri food, slightly advanced in March +0.2% after being stable in February. |
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| In March, total French industrial producer prices continued to increase +0.5% after +0.4% in February and +0.6% in January. They rose by 5,2% year-on-year. |
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German Retail Sales Drop 0.1% in March
May 02, 7:53 AM EDT |
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| The March turnover was in nominal terms equal to that 0.0% and in real terms 0.1% smaller than that of the preceding month. |
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| According to provisional results of the Federal Statistical Office, turnover in retail trade in Germany in March 2008 was in nominal terms 3.7% and in real terms 6.3% smaller than that of the corresponding month of the previous year. |
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German Wholesale Sales Down 1.4% in March
Apr 30, 12:20 PM EDT |
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| Compared with the previous year, turnover in wholesale trade increased 9.3% in nominal terms and 3.7% in real terms in the first three months of 2008. |
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| When adjusted for calendar and seasonal variations, the March 2008 turnover was in nominal terms 0.6% and in real terms 1.4% smaller than that in the preceding month. |
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Euro Area Unemployment Stays Stable at 7.1%
Apr 30, 9:27 AM EDT |
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| The unemployment rate was 5.1% in the USA in March 2008, and 3.9% in Japan in February 2008. |
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| The euro area EA15 seasonally-adjusted unemployment rate stood at 7.1% in March 2008, unchanged compared with February. It was 7.5% in March 2007. The EU27 unemployment rate was 6.7% in March 2008, also unchanged compared with February. It was 7.3% in March 2007. |
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Euro Inflation Slows to 3.3% in April
Apr 30, 8:31 AM EDT |
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| It was 3.6% in March. |
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| Euro area annual inflation is expected to be 3.3% in April 2008 according to a flash estimate issued by Eurostat, the Statistical Office of the European Communities. |
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