French Unemployment Drops to 7.5%
Mar 06, 2:57 PM EST |
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| The average ILO unemployment rate for Q4 2007 in metropolitan France and overseas departments was 7.8% of the active population. |
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| In metropolitan France only, it stood at 7.5%, i.e., 2.1 million people. It went down by 0.3 point compared to the revised Q3 2007. |
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Feb Minutes of Meeting
Feb 20, 10:48 AM EST |
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| The Bank of England lowered its interest rate to 5.25% to sustain the economic growth but worried on the ongoing credit markets turmoil. |
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| The projections were conditioned on the assumption that bank rate followed the path implied by market yields, falling to around 4.5% by the end of 2008.The Committee’s central projection for GDP growth was for output to slow markedly through 2008 as tighter credit conditions and weaker real income growth bore down on domestic demand. |
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BoE Holds Rate, Inflation Worries
Mar 06, 10:00 AM EST |
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| The Bank of England left its key rate to 5.25% after lowering the rate a month ago. Rising inflation worries the bank. |
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| The Bank of England left its rate at 5.25% after lowering the rates in the previous meeting on eb 7th. Since then credit markets have remained on the decline, inflation in the country has been on the rise, and retail sales have moderated.Home prices continue to be elevated and consumer confidence in the UK has been falling. |
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ECB Left Rates at 4%
Mar 06, 9:45 AM EST |
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| The European Central Bank left its key rate at 4% and indicated that the bank is looking to keep inflation in check. |
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| 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. |
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Euro Retail Sales Rise 0.4% in January
Mar 05, 12:51 PM EST |
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| In January 2008, compared with January 2007, the retail sales index decreased by 0.1% in the euro area, but rose by 1.8% in the EU27. |
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| In January 2008, compared with December 2007, the volume of retail trade grew by 0.4% in the euro area EA15 and by 0.6% in the EU27. In December 20073 retail trade fell by 0.1% and 0.2% respectively. |
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German Exports Rise
Mar 04, 3:19 PM EST |
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| Total imports showed a smaller rise than total exports, so the balance of trade surplus grew to ˆ196.5 billion vs. ˆ159 billion in 2006. |
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| As reported by the Federal Statistical Office, in 2007 German exports to the member states of the European Union rose 11.1% against 2006 to EUR 627.5 billion and thus saw a much stronger increase than exports to third countries, whose rise by 4.1% to EUR 341.5 billion was far below average in 2007. |
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Industrial Producer Prices up 0.8% in Euro Area
Mar 04, 11:51 AM EST |
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| Capital goods rose by 1.3% in the euro area and by 1.4% in the EU27. |
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| In January 2008 compared with December 2007, the industrial producer price index rose by 0.8% in the euro area EA15 and by 1.0% in the EU27. In December prices increased by 0.1% and 0.3% respectively. In January 2008 compared with January 2007, industrial producer prices gained 4.9% in the euro area and 5.8% in the EU27. |
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Euro area GDP Rises 0.4% in Q4
Mar 04, 11:23 AM EST |
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| In Japan GDP grew by 0.9% in the fourth quarter, after +0.3% in the previous quarter. |
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| 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 first estimates released by Eurostat, the Statistical Office of the European Communities. In the third quarter of 2007, growth rates were +0.7% in the euro area and +0.8% in the EU27. |
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Euro Area Unemployment Stays Stable at 7.1%
Feb 29, 11:06 AM EST |
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| In January 2008, the unemployment rate for under-25s was 14.2% in the euro area and 14.7% in the EU27. |
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| The euro area EA15 seasonally-adjusted unemployment rate stood at 7.1% in January 2008, unchanged compared with December 2007. It was 7.7% in January 2007. The EU27 unemployment rate was 6.8% in January 2008, the same as in December 20073. It was 7.5% in January 2007. |
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