EU Industrial Production up 0.3% in February
Apr 14, 10:17 AM EDT |
|
| In February 2008 compared with February 2007, industrial production rose by 3.1% in the euro area and by 3.3% in the EU27. |
|
| In February 2008 compared with January 2008, seasonally adjusted industrial production grew by 0.3% in the euro area EA15 and by 0.5% in the EU27. In January production rose by 0.6% and 0.7% respectively. |
|
|
Full Story... |
UK PPI Rises 0.4% in March
Apr 14, 9:53 AM EDT |
|
| Unadjusted, the index rose 0.9% between February and March, mainly reflecting rises in petroleum product prices. |
|
| The output price index for home sales of manufactured products rose 6.2% in the year to March, compared with the rise of 5.9% in the year to February. If passed on in full, the changes in excise duty on tobacco and alcohol announced in the Budget would have increased the index by 0.3% in March. The output price index excluding excise duties rose 6.2% in the year to March. Seasonally adjusted, the index rose 0.4% between February and March. |
|
|
Full Story... |
German Wholesale Prices Rise 1.6% in March
Apr 11, 8:59 AM EDT |
|
| From February 2008 to March 2008, the index rose by 1.6%. |
|
| As reported by the Federal Statistical Office, the index of selling prices in wholesale trade increased 7.1% in March 2008 from the corresponding month of the preceding year. This was the highest year-on-year rate of price increase since February 1982, +8.5%. |
|
|
Full Story... |
ECB Left Rate at 4%
Apr 10, 2:21 PM EDT |
|
| The level of uncertainty resulting from the turmoil in financial markets remains unusually high and tensions may last longer than initially expected. |
|
| The European Central Bank left its key rate unchanged at 4% after citing low unemployment and rising pressure on inflation. The bank also cited the broadest measure of money supply growth and said that M3 supply in February rose at 11.3%. The central bank also suggested that the current credit market turmoil has at least so far, not affected loan volumes. |
|
|
Full Story... |
UK Trade Deficit Narrows in February
Apr 10, 9:50 AM EDT |
|
| Exports to EU countries rose by 7% and exports to non-EU countries rose by 3%. |
|
| The UK’s deficit on trade in goods and services is provisionally estimated to have narrowed in February to £4.4 billion from a deficit of £5.0 billion in January. In the three months ended February, the deficit on trade in goods and services narrowed to £13.6 billion, from a £13.7 billion deficit in the previous three months. |
|
|
Full Story... |
ECB Left Rates at 4%
Apr 10, 9:09 AM EDT |
|
| The European Central Bank decided to leave rates unchanged at 4%. |
|
| 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 4.00%, 5.00% and 3.00% respectively. |
|
|
Full Story... |
Bank of England Slashes Rates by 0.25%
Apr 10, 8:27 AM EDT |
|
| CPI inflation rose to 2.5% in February. |
|
| The Bank of England’s Monetary Policy Committee today voted to reduce the official Bank Rate paid on commercial bank reserves by 0.25 percentage points to 5%. The Committee expects inflation to rise further this year, reflecting the continuing impact of higher energy and food prices, as well as the recent depreciation of sterling on import costs. |
|
|
Full Story... |
Euro Area GDP Rises 0.4% in Q4
Apr 09, 9:59 AM EDT |
|
| In the third quarter of 2007, growth rates were +0.7% in the euro area and +0.8% in the EU27. |
|
| Euro area EA13 GDP grew by 0.4% and EU27 GDP by 0.5% in the fourth quarter of 2007 compared with the previous quarter, according to second estimates from Eurostat, the Statistical Office of the European Communities. |
|
|
Full Story... |
UK Industrial Production up 0.3% in February
Apr 09, 9:29 AM EDT |
|
| Between January and February, mining and quarrying output decreased by 1.2% with falls in oil and gas production. |
|
| In the three months to February, the seasonally adjusted chained volume index for the output of the production industries remained unchanged compared with the previous three months. Between January and February output of the manufacturing industries rose by 0.4%, note that monthly growth rates are volatile. |
|
|
Full Story... |
German Exports Rise in February
Apr 09, 9:12 AM EDT |
|
| The foreign trade balance showed a surplus of EUR 16.9 billion in February 2008. |
|
| According to provisional data of the Federal Statistical Office, Germany exported commodities to the value of EUR 84.6 billion and imported commodities to the value of EUR 67.7 billion in February 2008. German exports of February 2008 were thus 9% and imports 7% above the respective February 2007 levels. |
|
|
Full Story... |
|
|
