EU Current Account Deficit Widens In January
Mar 26, 10:04 AM EDT |
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| The goods account was balanced. |
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| The working day and seasonally adjusted current account of the euro area recorded a deficit of EUR 10.6 billion in January 2008, corresponding to a deficit of EUR 19.1 billion in non-seasonally adjusted terms. This reflected deficits in current transfers EUR 10.3 billion and income EUR 4.7 billion, which were only partly compensated for by a surplus in services EUR 4.2 billion. |
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German PPI Advances 0.7% in February
Mar 20, 11:24 AM EDT |
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| Compared with the preceding month, the index rose by 0.7% in February 2008. |
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| As reported by the Federal Statistical Office, the index of producer prices for industrial products domestic sales for Germany was up 3.8% in February 2008 from the corresponding month of the preceding year. This was the highest year-on-year rate of price increase since December 2006 +4.4%. In January 2008, the annual rate of change was +3.3%. |
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UK Retail Sales Rise 1% in February
Mar 20, 10:34 AM EDT |
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| Total sales volume in the three months to February was 4.7% higher than the same period a year ago. |
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| Total sales volume increased by 1% between January and February. Sales volume for predominantly food stores increased by 1.6%, the largest increase for this sector since June 2006, 1.9%. Sales volume for predominantly non-food stores increased by 0.5%, with sales for household goods stores decreasing by 4.2%, the largest decrease for this sector since February 2000 -4.5 per cent. |
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EU Trade Deficit Widens in January
Mar 19, 11:35 AM EDT |
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| In January 2008 compared with December 2007, seasonally adjusted exports and imports rose by 7.4%. |
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| The first estimate for the euro area EA15 trade balance with the rest of the world in January 2008 gave a 10.7 bn euro deficit, compared with -7.3 bn in January 2007. The December 2007 balance was -4.1 bn, compared with +2.3 bn in December 2006. |
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UK Unemployment Falls in February
Mar 19, 10:53 AM EDT |
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| The number of people in employment increased by 166,000 over the quarter. |
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| This month''''''''s figures show an increase in both the number of people in employment and the employment rate. The number of unemployed people, the unemployment rate and the claimant count have all fallen. The inactivity rate and the number of inactive people of working age have both fallen. The number of vacancies has increased. Growth in average earnings excluding bonuses is unchanged but earnings growth including bonuses has fallen. |
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BoE Minutes
Mar 19, 10:08 AM EDT |
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| World commodity prices had continued to rise rapidly over the month. |
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| The major news in the foreign exchange markets had been the continued fall of the US dollar, for which the effective exchange rate index was some 3% lower than a month earlier. The euro effective rate had appreciated by around 2%, while the sterling effective rate had fallen around 1½% over the month. These movements appeared to be broadly consistent with conjunctural developments and expectations of larger cuts in US and UK policy rates than in the euro-area rate. |
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UK Annual CPI Inflation Rises to 2.5%
Mar 18, 10:58 AM EDT |
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| The largest upward pressure came from housing and household services as recent gas and electricity price rises took effect. |
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| Figures from the Office for National Statistics today show that the consumer prices index annual inflation – the Government’s target measure –was 2.5% in February up from 2.2% in January. |
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Germany Number of Jobs in Manufacturing Up 2.4%
Mar 17, 12:15 PM EDT |
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| The earnings,total gross wages and salaries amounted to EUR 17.9 billion; that was 4.8% more than in January 2007. |
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| At the end of January 2008, 5.3 million persons worked in local units of manufacturing with 50 or more employees. As further reported by the Federal Statistical Office, that were about 126,400 persons or 2.4% more than in January 2007. The number of hours worked in January 2008 increased 1.6% from a year earlier, reaching 713 million. |
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Euro Area Employment Rises 0.2% in the 4Q
Mar 17, 11:57 AM EDT |
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| In the third quarter of 2007, growth rates were +0.3% in both zones. |
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| Euro area and EU27 employment up by 0.2% +1.7% and +1.5% respectively compared to the fourth quarter of 2006 The seasonally adjusted number of persons employed in the euro area EA13 rose by 0.2%, 270 000 persons during the fourth quarter of 2007, according to provisional national accounts estimates published by Eurostat, the Statistical Office of the European Communities. |
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Euro Area Inflation Hits 3.3% in February
Mar 14, 10:10 AM EDT |
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| Monthly inflation was 0.4% in February 2008. |
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| Euro area annual inflation was 3.3% in February 2008, up from 3.2% in January. A year earlier the rate was 1.8%. Monthly inflation was 0.3% in February 2008. EU annual inflation was 3.4% in February 2008, unchanged compared to January. A year earlier the rate was 2.1%. |
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