UK GDP Slows in Line with Estimates
Apr 25, 10:57 AM EDT |
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| Manufacturing output increased by 0.5%. |
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| The preliminary estimate shows that the chained volume measure of gross domestic product increased by 0.4 per cent in the first quarter of 2008 compared with the previous quarter. This is the same growth as for gross value added. |
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German Import Prices up 0.4% in March
Apr 25, 10:22 AM EDT |
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| From February 2008 to March 2008 the index of import prices rose by 0.4%. |
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| As reported by the Federal Statistical Office, in March 2008, the index of import prices increased by 5.7% from the corresponding month of the preceding year. In February and in January 2008 the annual rates of change were +5.9% and +5.2%, respectively. |
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French Business Sentiment Sharply Down
Apr 24, 2:40 PM EDT |
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| The personal production outlook, although edging down, remains on a rather high level. |
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| Business leaders consider that their past activity slowed down noticeably in manufacturing industry, notably in intermediate goods industry. Stocks of finished products improve and are rated near to the normal. Total order books slighly decrease but stay high. Export order books remain strong. |
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UK Retail Sales Fall 0.4% in March
Apr 24, 10:01 AM EDT |
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| Between February and March the volume of sales fell by 0.4%, reflecting falls in all sectors except household goods stores. |
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| In the three months to March the seasonally adjusted index for volume of retail sales rose by 2% over the previous three months. The volume of sales in predominantly food stores in the latest three months rose by 1.7% over the previous three months. In predominantly nonfood stores sales were up 1.8%. |
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EU Current Account Deficit Narrows to 2.8B Euro
Apr 24, 8:22 AM EDT |
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| In the financial account, combined direct and portfolio investment showed net inflows of EUR 21 billion. |
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| In February 2008 the working day and seasonally adjusted current account of the euro area showed a surplus of EUR 4.3 billion. |
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EU Industrial New Orders up by 0.6% in February
Apr 23, 9:45 AM EDT |
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| Total industry excluding ships, railway & aerospace equipment grew by 7.2% in the euro area and by 6.3% in the EU27. |
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| In February 2008 compared with January 2008, the euro area EA15 industrial new orders index grew by 0.6%. In January the index grew by 2.2%. In the EU27 new orders remained stable in February 2008 and fell by 1% in January. Excluding ships, railway & aerospace equipment industrial new orders decreased by 0.3% in the euro area and by 0.5% in the EU27. |
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Bank of England Cuts Interest Rates to 5%
Apr 23, 9:14 AM EDT |
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| Manufacturing output had risen by 0.4% in February and industrial production as a whole by 0.3%. |
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| The Governor invited the Committee to vote on the proposition that Bank Rate should be reduced by 25 basis points to 5%. Six members of the Committee voted in favour of the proposition, and three voted against. |
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German PPI Rises 0.7% in March
Apr 18, 8:53 AM EDT |
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| Compared with the preceding month, the index rose by 0.7% in March 2008. |
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| As reported by the Federal Statistical Office, the index of producer prices for industrial products for Germany was up 4.2% in March 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%. |
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Euro Area Trade Surplus in February
Apr 17, 9:15 AM EDT |
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| In February 2008 compared with January 2008, seasonally adjusted exports rose by 2.0% while imports fell by 0.4%. |
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| The first estimate for the euro area EA15 trade balance with the rest of the world in February 2008 gave a 0.8 bn euro surplus, compared with -1.6 bn in February 2007. The January 20082 balance was -11.0 bn, compared with -7.3 bn in January 2007. |
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German CPI Rises 0.5% in March
Apr 16, 12:38 PM EDT |
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| The harmonised consumer price index for Germany, which is calculated for European purposes, rose 3.3% in March 2008 on March 2007. |
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| As reported by the Federal Statistical Office , the consumer price index for Germany rose 3.1% in March 2008 on March 2007. Hence the year-on-year rate of price increase again exceeded the 3% threshold for the first time since December 2007 ,+3.1%. In January and February 2008, the year-on-year rate amounted to +2.8% each. Compared with February 2008, the index was up 0.5%. |
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