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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French Industrial Output Rises 0.5% in January
Mar 10, 11:19 AM EDT |
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| In January 2008, the industrial production index was 105.9 compared with 104.6 in December and 104.3 in November. |
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| In January 2008, the industrial production index excluding energy and agrifood, after adjustment for seasonal variations and the number of days worked, was 105.9 compared with 104.6 in December and 104.3 in November. This means an increase of +1.2% between December and January after +0.3% between November and December. |
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UK PPI Rises 0.3% in February
Mar 10, 9:24 AM EDT |
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| The output price index excluding food, beverages, tobacco and petroleum rose 3% in the year to February. |
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| The output price index for home sales of manufactured products rose 5.7% in the year to February, unchanged from the rise in the year to January. Unadjusted, the index rose 0.3% between January and February, mainly reflecting rises in other manufactured product prices. The output price index excluding excise duties rose 6% in the year to February. Seasonally adjusted, the index rose 0.3% between January and February. |
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UK Manufacturing Output Rebounds in January
Mar 10, 9:07 AM EDT |
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| Between December and January, mining and quarrying output decreased by 4.1% with falls in oil and gas production. |
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| In the three months to January, the seasonally adjusted chained volume index for the output of the production industries remained unchanged compared with the previous three months. Between December and January output of the manufacturing industries rose by 0.4%.There were significant increases in output of 2% in the machinery and equipment industries and 1.4% in the chemicals and man-made fibres industries. |
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