UK Unemployment Declines in March
Apr 16, 8:11 AM EDT |
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| The number of unemployed people fell by 39,000 over the quarter. |
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| 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 has increased but earnings growth including bonuses has fallen. |
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French CPI Rises 0.8% in March
Apr 15, 12:00 PM EDT |
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| The prices of foodstuffs except fresh products, fresh products and actual rentals, water supply and refuse collection edged up. |
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| In March 2008, the consumer price index for all households in the whole of France rose by 0.8% ,+0.4% in March 2007, +0.2% in February 2008. The year-on-year price change was up by 3.2%,+2.8% in February 2008. |
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German Economic Sentiment Index Falls in April
Apr 15, 8:33 AM EDT |
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| Economic situation in Germany improved slightly in April. |
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| The ZEW Indicator of Economic Sentiment for Germany declined in April 2008 by 8.7 points and now stands at minus 40.7 points after minus 32.0 points in the previous month. This is still well below its historical average of 30.0 points. |
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UK Annual CPI Inflation Unchanged at 2.5%
Apr 15, 8:13 AM EDT |
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| RPIX inflation – the all items RPI excluding mortgage interest payments – was 3.5% in March, down from 3.7% in February. |
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| CPI annual inflation – the Government’s target measure – was 2.5% in March, unchanged from February, figures from the Office for National Statistics showed today. The largest downward contribution to change in the CPI annual rate came from furniture, household equipment and maintenance where the price of furniture and furnishings rose by less than a year ago. |
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EU Industrial Production up 0.3% in February
Apr 14, 10:17 AM EDT |
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| In February 2008 compared with February 2007, industrial production rose by 3.1% in the euro area and by 3.3% in the EU27. |
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| 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. |
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UK PPI Rises 0.4% in March
Apr 14, 9:53 AM EDT |
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| Unadjusted, the index rose 0.9% between February and March, mainly reflecting rises in petroleum product prices. |
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| 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. |
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German Wholesale Prices Rise 1.6% in March
Apr 11, 8:59 AM EDT |
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| From February 2008 to March 2008, the index rose by 1.6%. |
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| 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%. |
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ECB Left Rate at 4%
Apr 10, 2:21 PM EDT |
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| The level of uncertainty resulting from the turmoil in financial markets remains unusually high and tensions may last longer than initially expected. |
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| 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. |
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UK Trade Deficit Narrows in February
Apr 10, 9:50 AM EDT |
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| Exports to EU countries rose by 7% and exports to non-EU countries rose by 3%. |
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| 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. |
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