German CPI up 0.5% in February
Mar 14, 9:53 AM EDT |
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| Prices of food and non-alcoholic beverages were up an average 7.4% from February 2007 to February 2008. |
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| As reported by the Federal Statistical Office, the consumer price index for Germany rose 2.8% between February 2007 and February 2008. Compared with January 2008, the index was up 0.5%. In January 2008, the year-on-year rate of increase was +2.8%, too. The price rise was hence unchanged. The estimate for February 2008 was thus confirmed. |
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German Consumer Spending Decelerates
Mar 12, 12:03 PM EDT |
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| The disposable income of households increased by 1.6%. The savings ratio was up from 10.5% in 2006 to 10.9% last year. |
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| Households in Germany increased their consumption expenditure by 1.2% in 2007; in 2006 the growth rate was 2.3%. As further reported by the Federal Statistical Office with a view to the World Consumer Day on 15 March, consumption expenditure without private car purchases in 2007 rose 1.8%, following a 2.1% increase in 2006. |
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EU Industrial Production Rises 0.9% in January
Mar 12, 10:09 AM EDT |
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| In January 2008 compared with December 2007, production of capital goods increased by 2.7% in the euro area and by 2.5% in the EU27. |
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| In January 2008 compared with December 2007, seasonally adjusted industrial production grew by 0.9% in both the euro area EA15 and the EU27. In December 2007 production remained stable in both zones. In January 2008 compared with January 2007, industrial production rose by 3.8% in the euro area and by 3.5% in the EU27. |
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UK Trade Deficit Stays Stable
Mar 12, 9:59 AM EDT |
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| January’s provisional estimates show that export prices rose 2% and import prices rose 2.5% compared with December. |
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| The UK’s deficit on trade in goods and services is provisionally estimated at £4.1 billion, unchanged from December. In the three months ended January, the deficit on trade in goods and services narrowed to £12.5 billion, from a £13.2 billion deficit in the previous three months. The latest estimate of the trend suggests that the UK trade deficit is fairly flat in recent months. |
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French CPI Rises 0.2% in February
Mar 12, 9:35 AM EDT |
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| In February 2008, the price index adjusted for seasonal variations was stable +0.4% in January. |
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| In February 2008, the consumer price index for all households in the whole of France rose by 0.2% ,+0.2% in February 2007, -0.1% in January 2008.The year-on-year price change was stable +2.8% in January 2008. |
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UK Retail Sales Growth Holds Up, Prices Rise
Mar 11, 9:25 AM EDT |
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| Food sales remained strong. Despite some continued discounting, clothing and footwear were down on a year ago. |
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| UK retail sales rose 1.5% on a like-for-like basis, compared with February 2007, when sales were up 3.3% compared with a weak February 2006. The three-month trend rate of growth edged up to 1.6% from 1.5% in January for like-for-like sales, and to 4.0% from 3.7% for total sales, reflecting the continuing growth of retail space. |
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EU27 Current Account Deficit at 19 B
Mar 10, 1:18 PM EDT |
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| In the fourth quarter of 2007, the EU27 external balance of trade in services recorded a surplus of 26.0 bn euro. |
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| The EU27 external current account recorded a deficit of 19.0 billion euro in the fourth quarter of 2007, as compared with a deficit of 21.5 bn in the fourth quarter of 2006 and a deficit of 17.2 bn in the third quarter of 2007. |
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German Exports Rise 9% in January
Mar 10, 12:56 PM EDT |
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| German exports of January 2008 were thus 9.0% and imports 10.2% above the respective January 2007 levels. |
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| According to provisional data of the Federal Statistical Office, Germany exported commodities to the value of EUR 84.4 billion and imported commodities to the value of EUR 67.3 billion in January 2008. |
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German Manufacturing Sector up 1.3% in January
Mar 10, 12:44 PM EDT |
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| Sales to euro area countries were 2.9% above the level of the preceding year, while sales to other foreign countries rose 8.4%. |
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| As reported by the Federal Statistical Office, the manufacturing sector saw a turnover rise in real terms by a working-day adjusted 5.3% in January 2008 current month, preliminary compared with January 2007, following a revised +4.7% in December 2007. Domestic turnover increased by 5.0% in the corresponding period, revenue from business with foreign customers by 5.8%. |
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German Labour Costs Up Moderately in Q4
Mar 10, 12:13 PM EDT |
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| Compared with the previous quarter, the costs of one hour worked increased a seasonally and calendar-adjusted 0.4%. |
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| As reported by the Federal Statistical Office, in the fourth quarter of 2007 employers in the industry and in the entire service sector paid a calendar-adjusted 1.1% more for one hour worked than in the same quarter a year earlier. The two main components of labour costs showed different trends: While the costs of gross wages and salaries were up 1.5%, non-wage costs were down 0.4%. |
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