ECB Left Rates at 4%
Apr 10, 9:09 AM EDT |
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| The European Central Bank decided to leave rates unchanged at 4%. |
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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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Bank of England Slashes Rates by 0.25%
Apr 10, 8:27 AM EDT |
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| CPI inflation rose to 2.5% in February. |
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| The Bank of England’s Monetary Policy Committee today voted to reduce the official Bank Rate paid on commercial bank reserves by 0.25 percentage points to 5%. The Committee expects inflation to rise further this year, reflecting the continuing impact of higher energy and food prices, as well as the recent depreciation of sterling on import costs. |
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Euro Area GDP Rises 0.4% in Q4
Apr 09, 9:59 AM EDT |
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| 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 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 second estimates from Eurostat, the Statistical Office of the European Communities. |
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UK Industrial Production up 0.3% in February
Apr 09, 9:29 AM EDT |
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| Between January and February, mining and quarrying output decreased by 1.2% with falls in oil and gas production. |
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| In the three months to February, the seasonally adjusted chained volume index for the output of the production industries remained unchanged compared with the previous three months. Between January and February output of the manufacturing industries rose by 0.4%, note that monthly growth rates are volatile. |
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German Exports Rise in February
Apr 09, 9:12 AM EDT |
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| The foreign trade balance showed a surplus of EUR 16.9 billion in February 2008. |
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| According to provisional data of the Federal Statistical Office, Germany exported commodities to the value of EUR 84.6 billion and imported commodities to the value of EUR 67.7 billion in February 2008. German exports of February 2008 were thus 9% and imports 7% above the respective February 2007 levels. |
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EU Retail Sales Fall 0.5% in February
Apr 03, 9:51 AM EDT |
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| The non food sector fell by 0.4% in the euro area, but grew by 2.4% in the EU27. |
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| In February 2008, compared with January 2008, the volume of retail trade fell by 0.5% in the euro area EA15, but grew by 0.3% in the EU27. In January retail trade rose by 0.5% and 0.6% respectively. |
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EU Producer Price Index Rises 0.6% in February
Apr 02, 12:49 PM EDT |
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| Prices in the energy sector increased by 1.1% and 0.7% respectively. |
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| In February 2008 compared with January 2008, the industrial producer price index rose by 0.6% in the euro area EA15 and by 0.5% in the EU27. In January3 prices increased by 0.9% and 1.1% respectively.In February 2008 compared with February 2007, industrial producer prices gained 5.3% in the euro area and 6.1% in the EU27. |
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EU Jobless Rate Remains Stable At 7.1%
Apr 01, 11:41 AM EDT |
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| The EU27 unemployment rate was 6.7% in February 2008, compared with 6.8% in January. |
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| The euro area EA15 seasonally-adjusted unemployment rate stood at 7.1% in February 2008, unchanged compared with January. It was 7.6% in February 2007. It was 7.4% in February 2007. |
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German Wholesale Sales Fall 1.1% in February
Mar 31, 1:57 PM EDT |
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| Compared with the previous year, turnover in wholesale trade increased 12.4% in nominal terms and 7.1% in real terms in the first two months of 2008. |
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| According to provisional results of the Federal Statistical Office the turnover achieved by wholesale trade in Germany in February 2008 increased 12.5% in nominal terms and 7.5% in real terms compared with the corresponding month of the previous year. |
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French Producer Prices Advance in February
Mar 31, 1:27 PM EDT |
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| In February, industrial import prices slightly increased +0.2% after +0.4% in January. Over the last year, they went up by 4.5%. |
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| In February, total French industrial producer prices increased by 0.4% after +0.6% in January and +0.1% in December. Over the last year, prices went up by 4.9%. |
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