News Tag: Eurostat
March 14, 2010
Industrial production in the euro zone exceeded expectations in January, posting growth of 1.7%, which represented the biggest monthly increase since records began in January 1990.
The increase boosted hopes that the 16-member bloc’s economic recovery is gathering pace.
It was recently revealed the euro zone economy grew by just 0.1% in the fourth quarter of 2009 but many ...
Euro zone industrial production in record growth in Jan
by Kay Murchie
February 3, 2010
Eurostat has today revealed retail sales in the euro zone were unchanged in December from January.
The figures disappointed analysts who had expected a 0.4% rise in which is traditionally the busiest month of the year for retailers.
The latest figures highlight the fragile state of the economy and weak consumer demand.
On an annual basis, Eurostat said sales fell 1.6% ...
Euro zone retail sales flat in December
by Kay Murchie
November 30, 2009
Consumer prices in the euro zone rose for the first time in seven months in November, according to figures released today by Eurostat.
Prices rose by 0.6% in the 12 months to November after a 0.1% decline in October. It is welcome news for the economy after analysts feared that the 16-nation euro zone was heading for a sustained period of deflation.
A ...
Euro zone CPI rises in November
by Kay Murchie
October 16, 2009
Official figures from Eurostat have revealed a 5.8% fall in exports in August in the euro zone compared with July.
However, imports fell by a more modest 1.3%, suggesting a slump in global and internal demand and raises fears about a recovery in the region.
As exports fell by more than imports, the euro zone trade balance with the rest ...
Euro zone sees 5.8% fall in exports in August
by Kay Murchie
October 7, 2009
The European Union's Eurostat agency has today revealed that the euro zone economy contracted by 0.2% in the April to June period - revised from the 0.1% previously reported.
The figures are a major setback to the economy suggesting that the economy, as a whole, may not be exiting recession in the third quarter as hoped.
However, on a positive note, the figures ...
Euro zone economy growth figures revised
by Kay Murchie
October 1, 2009
The unemployment rate in the euro zone hit 9.6% in August - the highest in over a decade after the number of jobless rose by 165,000 during the month, bringing the total jobless number using the single currency bloc to 15.17 million.
The 10-year high comes despite the fact that many euro zone economies emerged from recession in the second quarter after ...
Euro zone unemployment rate hits 9.6%
by Kay Murchie
September 30, 2009
Eurostat today announced that consumer prices fell in the euro zone in September by a faster rate than they had in the previous month.
Furthermore, prices fell further than had been expected by economists after Eurostat said the inflation rate fell to -0.3% in the 12 months to September, from -0.2% in the year to August.
On a monthly basis, prices in ...
Euro zone consumer prices fall in September
by Kay Murchie
September 3, 2009
A slight dip in retail sales has been reported in the euro zone for July said Eurostat, but a rise has been reported in economic activity, according to the latest Purchasing Managers' Index (PMI).
According to Eurostat, retail sales in July fell 0.2% compared with June, dragged down by lower sales of food and drinks. Meanwhile, retail sales fell 1.8% on ...
Euro zone sees slide in retail sales
by Kay Murchie
August 24, 2009
There are tentative signs that the manufacturing sector in the euro zone may be emerging from recession after a rise in industrial orders has been reported for the month of June.
According to Eurostat, the European statistics agency, new orders (a key indicator of industry’s future growth) rose by 3.1% during the month when compared with May.
Increases were seen in both ...
Euro zone sees rise in industrial orders
by Kay Murchie
August 3, 2009
The unemployment rate in the euro zone hit 9.4% in June - the highest in a decade after the number of jobless rose by 158,000 during the month, bringing the total jobless number using the single currency bloc to 14.9 million.
According to Eurostat, the unemployment rate was 7.5% this time last year, showing the impact the economic downturn is having ...
Euro zone unemployment rate hits 9.4%
by Kay Murchie
July 3, 2009
There was more bad news for the struggling euro zone today with the news of a fall in retail sales in May.
According to Eurostat, retail sales in the euro zone fell 0.4% month-on-month - analysts had expected a fall of 0.1%.
Meanwhile, on an annual basis, the fall was 3.3% - again worse than the 2.7% fall analysts had expected.
The latest ...
Euro zone retail sales down in May
by Kay Murchie
July 2, 2009
The European Central Bank (ECB) has today elected to keep interest rates at 1% as widely expected.
In an effort to boost the struggling economy, the ECB has cut rates seven times since October when rates stood at 4.25%.
Elsewhere in Europe, Sweden lowered interest rates to 0.25% - the lowest level since records began over 100 years ago.
Meanwhile, Iceland opted to ...
ECB retains interest rates at 1%
by Kay Murchie
Euro zone unemployment rate hits 10-year high of 9.5%
by Kay Murchie
June 30, 2009
There are fears for the euro zone today after official figures revealed that the area is heading for a period of deflation.
A short period of deflation (where prices fall rather than increase) could be a serious threat to the economy because it deters consumers and businesses from spending in expectation of falling prices.
Eurostat today said inflation in the 16 countries using the euro ...
Eurozone inflation falls sharply
by Kay Murchie
February 24, 2009
Figures from Eurostat have revealed a sharp fall in European industrial orders for the month of December.
The official figures show that new industrial new orders in the euro zone fell 5.2% compared with November and 22.3% compared with December 2007.
The drop was attributed, in part, to fewer orders for machinery and electronic equipment.
According to Howard Archer, chief ...
European factory orders slump, German confidence at 26-year low
by Kay Murchie
February 4, 2009
Figures from the EU's statistical agency, Eurostat, have revealed that retail sales in the euro zone area fell again last month.
Retail sales in December fell 1.6% compared with a year earlier. Meanwhile, November’s figure was revised downwards to show a bigger fall than expected. Eurostat revised down November sales to a 2.6% annual fall and a 0.1% monthly decline. ...
Euro zone retail sales fall further in December
by Kay Murchie
