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Europe Economy Archive: 
Euro Area Annual Inflation Rises 3.2% in January
Feb 29, 10:48 AM EST
Monthly inflation was -0.2% in January 2008.
Euro area annual inflation was 3.2% in January 2008, up from 3.1% in December 2007. A year earlier the rate was 1.8%. Monthly inflation was -0.4% in January 2008. EU annual inflation was 3.4% in January 2008, up from 3.2% in December 2007. A year earlier the rate was 2.1%.
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German Retail Sales Rise 1.6% in January
Feb 29, 10:28 AM EST
Federal Statistical Office said turnover in retail trade was in nominal terms 2.7% and in real terms 0.6% larger in January 2008 than a year ago.
The January turnover was in nominal terms 1.9% and in real terms 1.6% larger than that of the preceding month. The current sample of new enterprises is based on the total of retail enterprises which were newly established in 2005. The sample includes 1,684 enterprises, which is about 6% of the size of the current retail trade sample.
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German CPI Falls 0.4% in January
Feb 29, 9:09 AM EST
Food prices rose an average 7.7% from January 2007 to January 2008.
As reported by the Federal Statistical Office, the consumer price index for Germany rose 2.8% between January 2007 and January 2008. The estimate of 31 January 2008 was thus slightly revised upwards. Compared with December 2007, the index was down 0.4%.
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UK CPI Advances 2.1% in October
Nov 13, 4:06 PM EST
Over the same period, the all items RPI excluding mortgage interest payments index rose by 3.1%, up from 2.8% in September.
In the year to October, the consumer prices index rose by 2.1%, up from 1.8% in September. In the year to October, the all items retail prices index rose by 4.2%, up from 3.9% in September.
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UK Output Price Index Increases 3.8% in October
Nov 12, 3:50 PM EST
The output price index excluding excise duties rose 3.6% in the year to October.
The output price index for home sales of manufactured products rose 3.8% in the year to October, compared with a rise of 2.8% in the year to September. Unadjusted, the index rose 0.6% between September and October, mainly reflecting rises in petrol and food product prices.
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UK Trade Deficit Widens in September
Nov 09, 3:30 PM EST
September’s provisional estimates show that export prices rose 1.5% and import prices rose 1% compared with August.
The UK’s deficit on trade in goods and services is provisionally estimated to have widened in September to £5.1 billion, from a deficit of £4.2 billion in August. In the third quarter, the deficit on trade in goods and services widened to £14.0 billion, from an £11.5 billion deficit in the previous quarter.
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UK Industrial Production Falls 0.6% in September
Nov 05, 3:12 PM EST
Output of the electricity, gas and water supply industries in the latest quarter rose by 0.8% compared with the previous quarter.
In the third quarter of 2007, the seasonally adjusted chained volume index for the output of the production industries was unchanged compared with the previous quarter. Between August and September output of the manufacturing industries fell by 0.6%. There were widespread decreases across manufacturing, with a significant decrease in output of 1.7% in the electrical and optical equipment industries.
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German Employment Rises 1.3% in January
Feb 28, 10:24 AM EST
Compared with December 2007, the number of persons in employment declined by 582,000 in January 2008.
The development of employment continued to be favourable in January 2008. According to provisional calculations of the Federal Statistical Office, the number of persons in employment in that month was up by 523,000 on January 2007. That was an increase of 1.3%.
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UK GDP Advances 0.6% in Q4
Feb 27, 9:38 AM EST
For the year 2007 as a whole GDP rose by 3.1% over 2006, up from 2.9% in the previous year.
GDP grew by 0.6% in the fourth quarter of 2007. This compares to 0.7% in the previous quarter. The level of GDP is now 2.9% higher than the fourth quarter of 2006. The slower growth in the latest quarter was driven mainly by weaker growth of services output. The output of the production industries rose by 0.1%. Output of utilities rose by 1.7% and mining and quarrying by 0.3%.
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German Import Prices Jump 5.2% in January
Feb 27, 9:17 AM EST
The index of export prices increased 1.8% in January 2008 from the corresponding month of the preceding year.
As reported by the Federal Statistical Office, in January 2008, the index of import prices increased by 5.2% from the corresponding month of the preceding year. This was the highest year-on-year rate of price increase since August 2006 +5.5%. In December and in November 2007 the annual rates of change were +3.7% and +3.5%, respectively. The index of import prices, excluding crude oil and mineral oil products, was 0.7% below the level of January 2007.
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