Euro Area Inflation Hits 3.5% in March
Mar 31, 9:22 AM EDT |
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| It was 3.3% in February. |
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| Euro area annual inflation is expected to be 3.5% in March 2008 according to a flash estimate issued by Eurostat, the Statistical Office of the European Communities. |
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UK Services Output Rises 0.6% in January
Mar 31, 9:20 AM EDT |
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| Distribution remained unchanged in the three months to January. Increases in retail and wholesale were offset by a fall in the motor trades. |
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| Services output between December and January increased by 0.6%. All five components increased in output. The most significant increase was in distribution. Business services and finance output rose by 0.7% in the three months to January. The most significant increase was in other business services which includes legal services and industrial cleaning. |
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French Consumer Confidence Declines in March
Mar 28, 1:13 PM EDT |
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| Households’ opinions about future unemployment worsened slightly in March. |
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| In March 2008, the seasonally adjusted summary indicator of consumer confidence declined by one point.Households were more optimistic about future living standards in France, but more pessimistic on its past. The balance on the timeliness of making major purchases kept on decreasing. More households thought that their personal financial situation worsened in the last twelve months, while their opinion on its future hardly moved. |
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German CPI Rises 0.5%
Mar 28, 12:56 PM EDT |
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| The high year-on-year rate of price increase is influenced by price rises for food and non-alcoholic beverages as well as for mineral oil products. |
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| As reported by the Federal Statistical Office , the consumer price index for Germany in March 2008 is expected to rise by 3.1% on March 2007 according to results available from six Länder February 2008: +2.8%. Compared with the previous month, the index is up 0.5%. |
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German Import Prices Advance 1.1% in February
Mar 28, 12:48 PM EDT |
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| The index of import prices, excluding crude oil and mineral oil products, was 1.6% above the level of February 2007. |
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| As reported by the Federal Statistical Office (Destatis), in February 2008, the index of import prices increased by 5.9% from the corresponding month of the preceding year. This was the highest year-on-year rate of price increase since July 2006 (+6.3%). In January 2008 and in December 2007 the annual rates of change were +5.2% and +3.7%, respectively. |
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UK Current Account Deficit Narrows in 4Q
Mar 28, 11:01 AM EDT |
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| The deficit in current transfers increased to £4.6 billion. |
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| The current account recorded a deficit of £8.5 billion in the fourth quarter of 2007, equating to -2.4 per cent of GDP. This compares with a revised deficit of £19.1 billion -5.5 per cent of GDP in the third quarter. A deficit of £13.6 billion was recorded with the EU compared with a deficit of £10.7 billion in the previous quarter. |
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EU Industrial New Orders Rise 2% in January
Mar 26, 10:32 AM EDT |
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| In December the index fell by 3.6%. |
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| In January 2008 compared with December 2007, the euro area EA15 industrial new orders index grew by 2%. In the EU27 new orders decreased by 1% in January 2008 and by 1.7% in December 2007. Excluding ships, railway & aerospace equipment industrial new orders gained 1.3% in the euro area but lost 0.8% in the EU27. |
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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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