Tag: Eurostat

Euro zone industrial output up 1.2% in August

Euro zone industrial output up 1.2% in August

The EU statistics office Eurostat has today revealed euro zone industrial output rose by 1.2% in August. On an annual basis, meanwhile, industrial output grew by 5.3%. Both sets of figures beat economists’ forecasts. On a regional basis, Germany, which is the euro zone’s largest economy, saw a monthly fall of 1% but was 7.8% [...]

October 12, 2011 More
Euro zone inflation falls in July

Euro zone inflation falls in July

According to a preliminary estimate from Eurostat today, euro zone inflation eased in July to 2.5% from 2.7% in June. The figures come despite figures earlier this week suggesting German inflation crept up to 2.4%. Despite the fall, inflation remains higher than the ECB’s target of just below 2% – and is expected to remain [...]

July 29, 2011 | 0 Comments More
Euro zone inflation rises to 30-month high

Euro zone inflation rises to 30-month high

According to figures from Eurostat today, euro zone inflation edged higher to 2.8% last month from March’s figure of 2.7%. The figure, which was more than expected, is the highest since October 2008 and comes as food and energy prices continue to rise. Last month, the European Central Bank (ECB) raised interest rates from 1% [...]

May 16, 2011 | 0 Comments More
Greek public deficit reaches 10.5% of GDP

Greek public deficit reaches 10.5% of GDP

According to statistics agency Eurostat, Greece’s public deficit reached 10.5% of GDP at the end of 2010 – higher than the 9.5% forecast. The Greek finance ministry has previously attributed the larger deficit to a deeper than expected recession, which cut into tax revenues and social security contributions. The figures suggest the country continues to [...]

April 26, 2011 | 0 Comments More
Euro zone inflation rises to 2.7% in March

Euro zone inflation rises to 2.7% in March

Eurostat has revealed inflation in the 17-member euro zone rose to 2.7% in March - remaining above the European Central Bank’s (ECB) target of just below 2%. Rising inflation in the region led the ECB to lift interest rates this month from 1% to 1.25% – for the first time in almost three years. The [...]

April 16, 2011 | 0 Comments More
Euro zone unemployment rate drops below 10%

Euro zone unemployment rate drops below 10%

The European Union’s statistics agency has today announced the unemployment rate in the 17-member euro zone fell below the 10% mark in February. According to Eurostat, 77,000 fewer people were out of work taking the rate to 9.9%. The jobless rate has been hovering around the 10% mark since last July and hit a record [...]

April 1, 2011 | 0 Comments More
Euro zone inflation reaches 2.4% in February

Euro zone inflation reaches 2.4% in February

The European Union’s statistics office Eurostat has revealed inflation in the euro zone rose to 2.4% on an annual basis in February, up from January‘s 2.3%. The rate remains above the European Central Bank’s (ECB) target of just below 2% and marks the third consecutive month inflation has been above target and represents the highest [...]

March 17, 2011 | 0 Comments More
Euro zone inflation reaches 2.3% in January

Euro zone inflation reaches 2.3% in January

The European Union’s statistics office Eurostat has today revealed inflation in the euro zone rose to 2.3% in January - albeit lower than an earlier projection of 2.4% and compares with 2.2% in December. However, the rate remains above the European Central Bank’s target of just below 2%. The ECB has previously suggested inflation in [...]

February 28, 2011 | 0 Comments More
Euro zone economy expands 0.3% in Q4

Euro zone economy expands 0.3% in Q4

Eurostat, the European Union’s statistics office, has today revealed the euro zone economy grew by 0.3% in the October to December period. It also follows growth of 0.3% in the previous quarter. For the 2010 year, growth for the 17-member euro zone was 1.7%. Meanwhile, growth for the 27 countries that make up the EU [...]

February 15, 2011 | 0 Comments More
ECB holds rates despite higher inflation

ECB holds rates despite higher inflation

The European Central Bank (ECB) today elected to keep interest rates on hold at the record low of 1% for the 20th consecutive month. The move came despite inflation exceeding the Bank’s target. Earlier this week, the European Union’s statistics office Eurostat revealed inflation in the euro zone rose more than expected in January. Inflation [...]

February 3, 2011 | 0 Comments More
Euro zone retail sales fall in December

Euro zone retail sales fall in December

The European Union’s statistics office Eurostat has today revealed retail sales fell unexpectedly in the euro zone last month. It represented the second consecutive monthly decline and followed November’s fall of 0.3%. According to Eurostat, sales fell 0.6% in December on the month, while on an annual basis, sales were down 0.9%. The figures surprised [...]

Euro zone inflation exceeds ECB target

Euro zone inflation exceeds ECB target

The European Union’s statistics office Eurostat has today revealed inflation in the euro zone rose more than expected in January. Inflation rose 2.4% on an annual basis in January, up from 2.2% the previous month and continues to exceed the European Central Bank’s (ECB) target of just below 2%. According to economists, the increase was [...]

January 31, 2011 | 0 Comments More
Euro zone retail sales pick up in October

Euro zone retail sales pick up in October

Eurostat has today revealed a rise in euro zone retail sales for the month of October, after two months of declines. Retail sales grew 0.5% in October on the month and were 1.8% higher on an annual basis, according to the European statistics office. The increase also beat analysts’ expectations of a 0.2% rise. Europe’s [...]

December 3, 2010 | 0 Comments More
Euro zone unemployment rate at 12-year high

Euro zone unemployment rate at 12-year high

The European Union’s statistics agency has announced the unemployment rate in the 16-member euro zone hit 10.1% in October - the highest since July 1998. This time last year, the rate stood at 9.9%. According to Eurostat, 15.95 million people were unemployed in the euro zone during the month, with the figure rising by 80,000. [...]

November 30, 2010 | 0 Comments More
Eurostat revises Greece’s budget deficit

Eurostat revises Greece’s budget deficit

The European Union’s statistics office, Eurostat, has today said Greece’s budget deficit reached a revised 15.4% of annual economic output last year - higher than the 13.6% reported in April. The revised figure, which is almost two percentage points more than originally forecast, now makes it the largest deficit in the euro zone - even [...]

November 15, 2010 | 0 Comments More
Euro zone Q3 growth slows

Euro zone Q3 growth slows

The European Union’s statistics office, Eurostat, has today revealed growth in the 16 countries that use the euro slowed in the third quarter. According to Eurostat, the euro zone grew 0.4% in the July to September period, compared with 1% in the second quarter. On an annual basis, growth was recorded at 1.9%. It follows [...]

November 12, 2010 | 0 Comments More
Euro zone retail sales in surprise fall

Euro zone retail sales in surprise fall

The European Union’s statistics office, Eurostat, has today revealed sales in the euro zone fell 0.4% in August on the month - raising fears about the strength of the economic recovery. The fall represented the first since April and was weaker than analysts had forecast. Consumer confidence in the 16-member euro zone remains low as [...]

October 6, 2010 | 0 Comments More
euro zone unemployment rate steady at 10.1%

euro zone unemployment rate steady at 10.1%

The European Union’s statistics agency has announced unemployment in the 16-member euro zone remained steady at 10.1% in August. According to Eurostat, 15.87 million people were unemployed in the euro zone during the month. Spain continues to have one of the highest unemployment rates within the 16-bloc nation at 20.5%, while Germany’s rate continues to [...]

October 3, 2010 | 0 Comments More
Euro zone inflation sees sharp rise in July

Euro zone inflation sees sharp rise in July

Annual inflation in the 16-member euro zone has increased from 1.4% in June to 1.7% last month - a 20-month high. On a monthly basis, prices fell 0.3% in July. According to the EU statistics agency Eurostat, inflation was driven by higher fuel costs. Meanwhile, across the 27 nations in the European Union, annual inflation [...]

August 16, 2010 | 0 Comments More
Euro zone unemployment rate flat, inflation moves closer to target

Euro zone unemployment rate flat, inflation moves closer to target

The European Union’s statistics agency has today announced unemployment in the 16-member euro zone remained flat at 10% in June. According to Eurostat, 15.77 million people were unemployed in the euro zone during June. Spain has the highest unemployment within the 16-bloc nation at 20%, while Austria has the lowest, at 3.9%. Meanwhile, in the [...]

July 30, 2010 | 0 Comments More