Euro Area External Trade Surplus Widens in March
Published: 5/16/2012 2:52:37 PM
By: TradingEconomics.com, Eurostat
The first estimate for the euro area (EA17) trade in goods balance with the rest of the world in March 2012 gave a 8.6 bn euro surplus, compared with +1.0 bn in March 2011. The February 2012 balance was +2.3 bn, compared with -2.9 bn in February 2011. In March 2012 compared with February 2012, seasonally adjusted exports fell by 0.9% and imports by 1.1%.
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Euro Area Annual Inflation Down to 2.6%
Published: 5/16/2012 2:50:32 PM
By: TradingEconomics.com, Eurostat
Euro Area annual inflation was 2.6% in April 2012, down from 2.7% in March. A year earlier the rate was 2.8%. Monthly inflation was 0.5% in April 2012.
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Euro Area unemployment rate at 10.9%
Published: 5/3/2012 6:38:28 PM
By: TradingEconomics.com, Eurostat
The euro area (EA17) seasonally-adjusted unemployment rate was 10.9% in March 2012, compared with 10.8% in February. It was 9.9% in March 2011. The EU27 unemployment rate was 10.2% in March 2012, stable compared with February. It was 9.4% in March 2011.
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ECB Keeps Monetary Policy Unchanged
Published: 5/3/2012 1:59:37 PM
By: TradingEconomics.com, ECB
At the meeting on May 3rd, the Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 1.00%, 1.75% and 0.25% respectively.
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Euro Area Reports Trade Surplus in February
Published: 4/18/2012 12:14:10 PM
By: TradingEconomics.com, Eurostat
The first estimate for the euro area1 (EA17) trade in goods balance with the rest of the world in February 2012 gave a 2.8 bn euro surplus, compared with -2.8 bn in February 2011. The January 20122 balance was -7.9 bn, compared with -16.1 bn in January 2011.
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Euro Area Annual Inflation Stable at 2.7%
Published: 4/18/2012 11:41:55 AM
By: TradingEconomics.com, Eurostat
Euro Area annual inflation was 2.7% in March 2012, unchanged compared with February. A year earlier the rate was 2.7%. Monthly inflation was 1.3% in March 2012.
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ECB leaves Interest Rates Unchanged
Published: 4/4/2012 3:02:21 PM
By: TradingEconomics.com, ECB
The European Central Bank left interest rates unchanged as policy makers balance the threat of inflation in Germany against the need to fight the sovereign debt crisis.
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Euro Area Unemployment Rate at 10.8%
Published: 4/2/2012 11:14:35 AM
By: TradingEconomics.com, Eurostat
The euro area (EA17) seasonally-adjusted unemployment rate was 10.8% in February 2012, compared with 10.7% in January. It was 10.0% in February 2011.
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Euro Area Reports Trade Deficit in January
Published: 3/16/2012 5:31:44 PM
By: TradingEconomics.com, Eurostat
The first estimate for the euro area (EA17) trade in goods balance with the rest of the world in January 2012 gave a 7.6 bn euro deficit, compared with -16.1 bn in January 2011.
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Euro Area Annual Inflation Stable at 2.7%
Published: 3/14/2012 3:52:19 PM
By: TradingEconomics.com, Eurostat
Euro area annual inflation was 2.7% in February 2012, unchanged compared with January. A year earlier the rate was 2.4%. Monthly inflation was 0.5% in February 2012.
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ECB Leaves Rates Unchanged
Published: 3/8/2012 2:06:54 PM
By: TradingEconomics.com, ECB
The Governing Council of the ECB decided on March 8th, that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 1.00%, 1.75% and 0.25% respectively.
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Euro Area GDP Down by 0.3%
Published: 3/6/2012 11:01:03 AM
By: TradingEconomics.com, Eurostat
GDP decreased by 0.3% in both the euro area (EA17) during the fourth quarter of 2011, compared with the previous quarter, according to second estimates released by Eurostat, the statistical office of the European Union. In the third quarter of 2011, growth rate was +0.1%.
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Euro Area Unemployment rate at 10.7%
Published: 3/1/2012 11:29:42 AM
By: TradingEconomics.com, Eurostat
The euro area (EA17) seasonally-adjusted unemployment rate was 10.7% in January 2012, compared with 10.6% in December 2011. It was 10.0% in January 2011.
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Euro Area Annual Inflation Down to 2.6%
Published: 2/29/2012 12:27:14 PM
By: TradingEconomics.com, Eurostat
Euro area annual inflation was 2.6% in January 2012, down from 2.7% in December 2011. A year earlier the rate was 2.3%. Monthly inflation was -0.8% in January 2012.
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Euro Area Trade Surplus Widens in December
Published: 2/15/2012 12:31:14 PM
By: TradingEconomics.com, Eurostat
The first estimate for the euro area (EA17) trade in goods balance with the rest of the world in December 2011 gave a 9.7 bn euro surplus, compared with -1.7 bn in December 2010.
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Euro Area GDP Down by 0.3% in Q4
Published: 2/15/2012 10:08:12 AM
By: TradingEconomics.com, Eurostat
Euro Area GDP fell by 0.3% in both the euro area (EA17) and the EU271 during the fourth quarter of 2011, compared with the previous quarter, according to flash estimates published by Eurostat. In the third quarter of 2011, growth rates were +0.1% and +0.3% respectively.
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ECB Keeps Interest Rate at 1%
Published: 2/9/2012 1:49:56 PM
By: TradingEconomics.com, ECB
At the meeting on February 9th, the Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 1.00%, 1.75% and 0.25% respectively.
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Euro Area Unemployment Rate at 10.4% in December
Published: 1/31/2012 1:46:43 PM
By: TradingEconomics.com, Eurostat
The euro area (EA17) seasonally-adjusted unemployment rate was 10.4% in December 2011, unchanged compared with November. It was 10.0% in December 2010.
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Euro Area Annual inflation down to 2.7%
Published: 1/17/2012 12:27:24 PM
By: TradingEconomics.com, Eurostat
Euro area annual inflation was 2.7% in December 2011, down from 3.0% in November. A year earlier the rate was 2.2%. Monthly inflation was 0.3% in December 2011.
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Euro Area Trade Surplus Widens in November
Published: 1/13/2012 11:59:35 AM
By: TradingEconomics.com, Eurostat
The first estimate for euro area (EA17) trade with the rest of the world in November 2011 gave a 6.9 bn euro surplus, compared with -2.3 bn euro in November 2010. The October 2011 balance was +1.0 bn, compared with +3.1 bn in October 2010. In November 2011 compared with October 2011, seasonally adjusted exports rose by 3.9%, while imports remained stable.
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ECB Keeps Interest Rate Unchanged
Published: 1/12/2012 12:48:31 PM
By: TradingEconomics.com, ECB
At today’s meeting the Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 1.00%, 1.75% and 0.25% respectively.
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Euro Aea Unemployment Rate at 10.3%
Published: 1/6/2012 12:02:02 PM
By: TradingEconomics.com, Eurostat
The euro area (EA17) seasonally-adjusted unemployment rate was 10.3% in November 2011, unchanged compared with October. It was 10.0% in November 2010.
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Euro Area Trade Surplus Widens in October
Published: 12/16/2011 1:53:03 PM
By: TradingEconomics.com, Eurostat
The first estimate for euro area (EA17) trade with the rest of the world in October 2011 gave a 1.1 bn euro surplus, compared with +3.1 bn euro in October 2010. The September 2011 balance was +2.7 bn, compared with +0.3 bn in September 2010.
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Euro Area Annual Inflation Stable at 3.0%
Published: 12/15/2011 1:05:34 PM
By: TradingEconomics.com, Eurostat
Euro area annual inflation was 3.0% in November 2011, unchanged compared with October. A year earlier the rate was 1.9%. Monthly inflation was 0.1% in November 2011.
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ECB Cuts Main Refinancing Rate to 1%
Published: 12/8/2011 12:50:21 PM
By: TradingEconomics.com, ECB
At today’s meeting the Governing Council of the ECB decoded the interest rate on the main refinancing operations of the Eurosystem will be decreased by 25 basis points to 1.00%, starting from the operation to be settled on 14 December 2011.
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Euro Area Unemployment Rate at 10.3% in October
Published: 11/30/2011 12:33:46 PM
By: TradingEconomics.com, Eurostat
The euro area (EA17) seasonally-adjusted unemployment rate was 10.3% in October 2011, compared with 10.2% in September. It was 10.1% in October 2010.
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Euro Area Grows 0.2% in Q2
Published: 11/15/2011 10:37:54 AM
By: TradingEconomics.com, Eurostat
GDP increased by 0.2% in both the Euro Area (EA17) and the EU27 during the third quarter of 2011, compared with the previous quarter, according to flash estimates published by Eurostat. In the second quarter of 2011, growth rates were +0.2% in both zones.
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ECB Cuts Main Rate to 1.25%
Published: 11/3/2011 12:51:52 PM
By: TradingEconomics.com, ECB
The interest rate on the main refinancing operations of the Eurosystem will be decreased by 25 basis points to 1.25%, starting from the operation to be settled on 9 November 2011.
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Euro Area Unemployment Rate at 10.2% in September
Published: 10/31/2011 12:47:46 PM
By: TradingEconomics.com, Eurostat
The euro area (EA17) seasonally-adjusted unemployment rate was 10.2% in September 2011, compared with 10.1% in August. It was 10.1% in September 2010.
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Euro Area Reports Trade Deficit in August
Published: 10/14/2011 5:26:17 PM
By: TradingEconomics.com, Eurostat
The first estimate for euro area (EA17) trade with the rest of the world in August 2011 gave a 3.4 bn euro deficit, compared with -6.3 bn euro in August 2010. The July 2011 balance was +2.5 bn, compared with +4.6 bn in July 2010. In August 2011 compared with July 2011, seasonally adjusted exports rose by 4.7% and imports by 2.7%.
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Euro Area Annual Inflation up to 3.0% in September
Published: 10/14/2011 5:11:50 PM
By: TradingEconomics.com, Eurostat
Euro area annual inflation was 3.0% in September 2011, up from 2.5% in August. A year earlier the rate was 1.9%. Monthly inflation was 0.8% in September 2011.
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ECB Leaves Interest Rates Unchanged
Published: 10/6/2011 3:54:01 PM
By: TradingEconomics.com, ECB
The Governing Council of the ECB decided on October 6th, that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 1.50%, 2.25% and 0.75% respectively.
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ECB Leaves Interest Rates Unchanged
Published: 10/6/2011 1:01:27 PM
By: TradingEconomics.com, ECB
At today’s meeting, which was held in Berlin, the Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 1.50%, 2.25% and 0.75% respectively.
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Euro Area Unemployment Rate at 10% in August
Published: 9/30/2011 2:29:55 PM
By: TradingEconomics.com, Eurostat
The euro area (EA17) seasonally-adjusted unemployment rate was 10.0% in August 2011, unchanged compared with July. It was 10.2% in August 2010.
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Euro Area Trade Surplus Widens in July
Published: 9/16/2011 12:01:49 PM
By: TradingEconomics.com, Eurostat
The first estimate for euro area (EA17) trade with the rest of the world in July 2011 gave a 4.3 bn euro surplus, compared with +51 mln euro in June 2011.
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Euro Area Annual Inflation Stable at 2.5%
Published: 9/15/2011 11:42:34 AM
By: TradingEconomics.com, Eurostat
Euro area annual inflation was 2.5% in August 2011, unchanged compared with July. A year earlier the rate was 1.6%. Monthly inflation was 0.2% in August 2011.
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ECB Leaves Interest Rates Unchanged
Published: 9/8/2011 12:48:04 PM
By: TradingEconomics.com, ECB
At today’s meeting the Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 1.50%, 2.25% and 0.75% respectively.
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Euro Area Unemployment Rate at 10.0% in July
Published: 8/31/2011 11:20:11 AM
By: TradingEconomics.com, Eurostat
The euro area (EA17) seasonally-adjusted unemployment rate was 10.0% in July 2011, unchanged compared with June. It was 10.2% in July 2010.
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Euro Area Inflation Rate Down to 2.5% in July
Published: 8/17/2011 11:38:59 AM
By: TradingEconomics.com, Eurostat
Euro Area annual inflation was 2.5% in July 2011, down from 2.7% in June. A year earlier the rate was 1.7%. Monthly inflation was -0.6% in July 2011.
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Euro Area Reports Trade Surplus in June
Published: 8/16/2011 5:05:42 PM
By: TradingEconomics.com, Eurostat
The first estimate for euro area (EA17) trade with the rest of the world in June 2011 gave a 0.9 bn euro surplus, compared with +0.7 bn euro in June 2010.
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Euro Area GDP Growth up by 0.2% in Q2
Published: 8/16/2011 10:21:59 AM
By: TradingEconomics.com, Eurostat
GDP increased by 0.2% in both the euro area (EA17) and the EU27 during the second quarter of 2011, compared with the previous quarter, according to flash estimates published by Eurostat, the statistical office of the European Union. In the first quarter of 2011, growth rates were +0.8% in both zones.
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ECB Leaves Interest Rate Unchanged
Published: 8/4/2011 1:00:10 PM
By: TradingEconomics.com, ECB
At today’s meeting the Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 1.50%, 2.25% and 0.75% respectively.
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Euro Area Unemployment Stable at 9.9% in June
Published: 8/2/2011 10:19:08 AM
By: TradingEconomics.com, Eurostat
The euro area (EA17) seasonally-adjusted unemployment rate was 9.9% in June 2011, unchanged compared with May. It was 10.2% in June 2010.
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Euro Area Annual Inflation Stable at 2.7% in June
Published: 7/14/2011 11:38:37 AM
By: TradingEconomics.com, Eurostat
Euro Area annual inflation was 2.7% in June 2011, unchanged compared to May. A year earlier the rate was 1.5%. Monthly inflation was 0.0% in June 2011.
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ECB Raises Interest Rates to 1.5%
Published: 7/7/2011 1:07:12 PM
By: TradingEconomics.com, ECB
The European Central Bank raised interest rates for the second time this year on July 7, tightening policy to address high inflation in the Euro Area despite the threat to the 17 country region from its escalating debt crisis.
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Euro Area Unemployment Rate at 9.9% in May
Published: 7/1/2011 12:42:08 PM
By: TradingEconomics.com, Eurostat
The euro area (EA17) seasonally-adjusted unemployment rate was 9.9% in May 2011, unchanged compared with April. It was 10.2% in May 2010.
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Euro Area Annual Inflation Down to 2.7% in May
Published: 6/16/2011 11:52:29 AM
By: TradingEconomics.com, Eurostat
Euro area annual inflation was 2.7% in May 2011, down from 2.8% in April. A year earlier the rate was 1.7%. Monthly inflation was 0.0% in May 2011.
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ECB Keeps Interest Rates Unchanged
Published: 6/9/2011 1:58:20 PM
By: TradingEconomics.com, ECB
The European Central Bank has kept its main interest rate unchanged but left the door open for a further rise in July.
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Euro Area Unemployment Rate Unchanged in April
Published: 5/31/2011 7:02:35 PM
By: TradingEconomics.com, Eurostat
The euro area (EA17) seasonally-adjusted unemployment rate was 9.9% in April 2011, unchanged compared with March. It was 10.2% in April 2010.
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Euro Area Reports Trade Surplus in March
Published: 5/17/2011 4:49:04 PM
By: TradingEconomics.com, Eurostat
The first estimate for the euro area (EA17) trade balance with the rest of the world in March 2011 gave a 2.8 bn euro surplus, compared with a deficit of 3 bn in February 2011.
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Euro Area Inflation up to 2.8% in April
Published: 5/16/2011 6:16:44 PM
By: TradingEconomics.com, Eurostat
Euro area annual inflation was 2.8% in April 2011, up from 2.7% in March. A year earlier the rate was 1.6%. Monthly inflation was 0.6% in April 2011.
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Euro Area GDP up by 0.8% in Q1
Published: 5/13/2011 11:09:07 AM
By: TradingEconomics.com, Eurostat
Euro Area GDP increased by 0.8% during the first quarter of 2011, compared with the previous quarter, according to flash estimates published by Eurostat.
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ECB Keeps Key Rate Unchanged
Published: 5/7/2011 1:30:18 PM
By: TradingEconomics.com, ECB
The Governing Council of the European Central Bank decided to keep the key interest rates unchanged at 1.25% following the 25-basis point increase on 7 April 2011.
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Euro Area Unemployment Rate Unchanged at 9.9% in March
Published: 4/29/2011 1:12:07 PM
By: TradingEconomics.com, Eurostat
The euro area (EA17) seasonally-adjusted unemployment rate was 9.9% in March 2011, unchanged compared with February. It was 10.1% in March 2010.
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Euro Area Records Trade Deficit in February
Published: 4/15/2011 6:17:11 PM
By: TradingEconomics.com, Eurostat
The first estimate for the euro area (EA17) trade balance with the rest of the world in February 2011 gave a 1.5 bn euro deficit, compared with +1.4 bn in February 2010.
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Euro Area Inflation Raises to 2.7% in March
Published: 4/15/2011 12:40:42 PM
By: TradingEconomics.com, Eurostat
Euro area annual inflation was 2.7% in March 2011, up from 2.4% in February. A year earlier the rate was 1.6%. Monthly inflation was 1.4% in March 2011.
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ECB Raises Interest Rate to 1.25
Published: 4/7/2011 1:58:41 PM
By: TradingEconomics.com, ECB
The Governing Council of the ECB decided on April 7, that the interest rate on the main refinancing operations of the Eurosystem will be increased by 25 basis points to 1.25%, starting from the operation to be settled on 13 April 2011.
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Euro Area Unemployment Rate Drops to 9.9%
Published: 4/1/2011 11:54:04 AM
By: TradingEconomics.com, Eurostat
The euro area (EA17) seasonally-adjusted unemployment rate was 9.9% in February 2011, compared with 10.0% in January.
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Euro Area Inflation Rises to 2.4% in February
Published: 3/16/2011 1:49:49 PM
By: TradingEconomics.com, Eurostat
Euro area annual inflation was 2.4% in February 2011, up from 2.3% in January. A year earlier the rate was 0.8%. Monthly inflation was 0.4% in February 2011.
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ECB Leaves Interest Rate Unchanged
Published: 3/3/2011 1:56:08 PM
By: TradingEconomics.com, ECB
The Governing Council of the ECB decided on March 3, that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 1.00%, 1.75% and 0.25% respectively.
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Euro Area Unemployment Rate at 9.9% in January
Published: 3/2/2011 11:54:24 AM
By: Eurostat
The euro area (EA17) seasonally-adjusted unemployment rate was 9.9% in January 2011, compared with 10.0% in December 2010. It was 10.0% in January 2010.
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Euro Area Inflation Estimated at 2.4%
Published: 3/2/2011 11:51:26 AM
By: Eurostat
Euro area annual inflation is expected to be 2.4% in February 2011 according to a flash estimate issued by Eurostat, the statistical office of the European Union. It was 2.3% in January 2011.
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Euro Area Trade Deficit Narrows In December
Published: 2/15/2011 6:40:03 PM
By: TradingEconomics.com, Eurostat
Euro Area seasonally adjusted trade deficit declined to EUR 2.3 billion from EUR 3.2 billion in November.
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Euro Area GDP Rises by 0.3% in Q4
Published: 2/15/2011 10:35:59 AM
By: TradingEconomics.com, Eurostat
GDP increased by 0.3% in the euro area (EA16) and by 0.2% in the EU27 during the fourth quarter of 2010, compared with the previous quarter, according to flash estimates published by Eurostat, the statistical office of the European Union.
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Euro Area Unemployment Rate at 10.0% in December
Published: 2/10/2011 11:23:53 AM
By: TradingEconomics.com, Eurostat
The euro area (EA16) seasonally-adjusted unemployment rate was 10.0% in December 2010, unchanged compared with November. It was 9.9% in December 2009.
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ECB Leaves Interest Rate Unchanged
Published: 2/3/2011 4:07:21 PM
By: TradingEconomics.com, ECB
The Governing Council of the ECB decided on February 3, the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 1.00%, 1.75% and 0.25% respectively.
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Euro Area Trade Deficit Narrows in November
Published: 1/14/2011 1:13:25 PM
By: TradingEconomics.com, Eurostat
The first estimate for the euro area (EA16) trade balance with the rest of the world in November 2010 gave a 0.4 bn euro deficit, compared with +3.1 bn in November 2009.
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Euro Area Annual inflation Rises to 2.2%
Published: 1/14/2011 12:58:23 PM
By: TradingEconomics.com, Eurostat
Euro area annual inflation was 2.2% in December 2010, up from 1.9% in November. A year earlier the rate was 0.9%. Monthly inflation was 0.6% in December 2010.
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ECB Leaves Interest Rate Unchanged
Published: 1/13/2011 1:58:03 PM
By: TradingEconomics.com, ECB
The Governing Council of the ECB decided on January 13, that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 1.00%, 1.75% and 0.25% respectively.
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Euro Area Annual Inflation Stable at 1.9%
Published: 12/17/2010 6:38:40 PM
By: TradingEconomics.com, Eurostat
Euro area annual inflation was 1.9% in November 20102, unchanged compared with October. A year earlier the rate was 0.5%. Monthly inflation was 0.1% in November 2010.
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European Central Bank to Continue Low-Cost Lending
Published: 12/2/2010 6:29:54 PM
By: TradingEconomics.com, ECB
On December 2, the Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 1.00%, 1.75% and 0.25% respectively.
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Euro-Zone Inflation Hits Two-Year High
Published: 11/17/2010 3:37:20 AM
By: TradingEconomics.com, WSJ
Consumer prices in the 16 countries that use the euro rose at the fastest rate in almost two years during October, the European Union's official statistics agency Eurostat confirmed on November 16.
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Euro Area GDP up by 0.4%
Published: 11/12/2010 10:21:07 AM
By: TradingEconomics.com, Eurostat
GDP increased by 0.4% in both the euro area (EA16) and the EU27 during the third quarter of 2010, compared with the previous quarter, according to flash estimates published by Eurostat, the statistical office of the European Union.
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ECB Policy Diverges Further From U.S. Course
Published: 11/4/2010 4:13:54 PM
By: TradingEconomics.com, WSJ
The European Central Bank on Thursday widened its diverging course from the U.S. Federal Reserve by withholding further monetary stimulus amid Europe's economic recovery.
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Euro Area Annual Inflation Rises In September
Published: 10/2/2010 1:13:16 PM
By: TradingEconomics.com, RTTNews
Eurozone consumer price inflation accelerated in September as expected by economists, official data showed Thursday.
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Euro Area Unemployment Rate Stable at 10.1%
Published: 10/2/2010 1:08:55 PM
By: TradingEconomics.com, Eurostat
The euro area (EA16) seasonally-adjusted unemployment rate was 10.1% in August 2010, unchanged compared with July. It was 9.7% in August 2009.
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Euro Area Trade Surplus Rises to 6.7 bn Euro
Published: 9/16/2010 6:48:02 PM
By: TradingEconomics.com, Eurostat
The first estimate for the euro area (EA16) trade balance with the rest of the world in July 2010 gave a 6.7 bn euro surplus, compared with +11.9 bn in July 2009.
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ECB Leaves Interest Rates on Hold for 16th Month
Published: 9/5/2010 10:22:37 PM
By: TradingEconomics.com
The European Central Bank has left interest rates at 1 percent for the 16th consecutive month as a still-uncertain global outlook clouds optimism about the eurozone's recovery.
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Euro Area Unemployment Rate Remains Stable at 10.0% in July
Published: 9/5/2010 6:16:40 PM
By: TradingEconomics.com, Eurostat
The euro area (EA16) seasonally-adjusted unemployment rate was 10.0% in July 2010, unchanged compared with June. It was 9.6% in July 2009.
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Euro Area Inflation Slows to 1.6%
Published: 9/5/2010 6:07:23 PM
By: TradingEconomics.com, Bloomberg
Euro Area consumer prices rose 1.6 percent from a year earlier after increasing 1.7 percent in July, the European Union statistics office in Luxembourg said.
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Euro Area Inflation Accelerates in July
Published: 8/16/2010 12:13:10 PM
By: TradingEconomics.com, Bloomberg
Euro Area inflation accelerated to 1.7%, the fastest pace in 20 months in July, on rising energy prices.
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Germany Lifts Eurozone GDP Growth 1%
Published: 8/13/2010 10:39:51 AM
By: TradingEconomics.com, FT
Germany on Friday reasserted itself as the economic growth engine of the eurozone, after gross domestic product expanded at a stellar 2.2 per cent rate in the second quarter compared with the previous three months.
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ECB Leaves Rates on Hold
Published: 8/5/2010 10:44:06 AM
By: Financial Times
The European Central Bank left its main interest rate unchanged on Thursday at a record low of 1 per cent for the 15th consecutive month.
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European Inflation Jumps to 20-Month High
Published: 8/2/2010 4:13:04 AM
By: TradingEconomics.com, Bloomberg
European inflation accelerated to the fastest pace in more than 1 1/2 years on rising energy costs.
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Eurozone Inflation Moderates In June
Published: 7/14/2010 2:46:27 PM
By: TradingEconomics.com, RTT News
Eurozone inflation eased in June and remained within the official target range, giving no reason to change monetary policy.
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ECB Keeps Rate at 1%
Published: 7/8/2010 11:19:13 AM
By: TradingEconomics.com, ECB
The European Central Bank left interest rates at a record low as rising market borrowing costs and the sovereign debt crisis threaten to derail the region’s economic recovery.
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ECB Lends Banks Less Than Estimated
Published: 6/30/2010 10:06:09 AM
By: TradingEconomics.com, Reuters
Banks borrowed less than expected from the European Central Bank in a key funding operation on Wednesday, easing fears about their ability to cope with the repayment of close to half a trillion euros in 12-month funds on Thursday.
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Euro Area Inflation Slows in June
Published: 6/30/2010 9:54:07 AM
By: TradingEconomics.com, Bloomberg
Euro-area consumer prices rose 1.4 percent from a year earlier after increasing 1.6 percent in May, the European Union statistics office in Luxembourg said.
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Euro Area Inflation Accelerates in May
Published: 6/16/2010 9:51:58 AM
By: TradingEconomics.com, Bloomberg
Euro Area inflation accelerated to the fastest pace in more than a year in May as surging energy costs and a weaker euro made imported goods more expensive across the 16-nation region.
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Euro Area Trade Surplus Shrinks in April
Published: 6/15/2010 9:58:49 AM
By: TradingEconomics.com, Eurostat
The first estimate for the euro area (EA16) trade balance with the rest of the world in April 2010 gave a 1.8 billion euro surplus, compared with +2.6 bn in April 2009.
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European Central Bank Keeps Rate at Record Low
Published: 6/10/2010 10:14:53 AM
By: TradingEconomics.com, Bloomberg
The European Central Bank left interest rates at a record low after Europe’s sovereign debt crisis forced it to start buying government bonds
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Recovery in Euro Area Seen Falling Behind Schedule
Published: 6/9/2010 10:36:47 AM
By: TradingEconomics.com, Bloomberg
In the first quarter of 2010, the Euro Area economy expanded 0.2%, supported mainly by exports and government spending. Yet, new austerity measures put on place by many member countries in order to fight fiscal deficit may push the recovery even more behind schedule.
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Euro Area April Jobless Rate Rises
Published: 6/1/2010 9:48:04 AM
By: TradingEconomics.com, Eurostat
Euro zone unemployment rose to its highest level in almost 12 years in April but a drop in the number of jobless in Germany in May signaled the labor market could be stabilizing.
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Euro Area Trade Surplus Widens
Published: 5/18/2010 10:27:25 AM
By: TradingEconomics.com, Eurostat
The first estimate for the euro area (EA16) trade balance with the rest of the world in March 2010 gave a 4.5 billion euro surplus, compared with +1.6 bn in March 2009.
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Euro Area Inflation Rises to 1.5% in April
Published: 5/18/2010 10:23:53 AM
By: TradingEconomics.com, Eurostat
Euro Area annual inflation was 1.5% in April 20102, up from 1.4% in March. A year earlier the rate was 0.6%. Monthly inflation was 0.5% in April 2010.
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Euro Area Economy Grows at 0.2%
Published: 5/12/2010 9:51:03 AM
By: TradingEconomics.com, Bloomberg
Europe’s economy expanded at a faster pace than economists forecast in the first quarter as a global recovery boosted exports.
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Shock and Awe Package Lifts Euro Markets
Published: 5/10/2010 10:16:42 AM
By: TradingEcoomics.com, Reuters
750 billion euros global emergency package to stabilize the euro unleashed a spectacular rally in European stocks and bonds on Monday but analysts said EU leaders had only bought time to tackle deep-seated fiscal problems.
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EU to Fend off Market "wolves" in Greek Crisis
Published: 5/9/2010 5:11:11 PM
By: TradingEconomics.com, Reuters
European Union finance ministers on Sunday promised to counter the "wolfpack" of the financial markets and defend the euro as they held an emergency meeting on ways to keep Greece's debt crisis from spreading.
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ECB Holds Rates Steady, Seeks to Rein in Greek Crisis
Published: 5/8/2010 7:54:16 PM
By: TradingEconomics.com, AFP
The European Central Bank (ECB) held its main interest rate steady at a record low of one percent on Thursday as governors sought to keep the Greek debt crisis from threatening the entire 16-nation eurozone.
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EU Finance Chiefs Race to Ready Emergency Fund Before Asian Markets Open
Published: 5/8/2010 7:03:43 PM
By: TradingEconomics.com, Bloomberg
European Union finance ministers met on Saturday to hammer out the details of an emergency fund to prevent a sovereign debt crisis from shattering confidence in the 11- year-old euro.
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EU Bets $146 Billion on Greek Bailout to Avert Contagion
Published: 5/3/2010 10:51:27 AM
By: TradingEconomics.com, Bloomebrg
Euro-region governments are betting 110 billion euros ($146 billion) in economic medicine for Greece will be enough to inoculate the rest of their region from contagion.
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Euro Area Unemployment Rate at 10.0%
Published: 4/30/2010 11:05:04 AM
By: TradingEconomics.com, Eurostat
The euro area (EA16) seasonally-adjusted unemployment rate was 10.0% in March 2010, the same as in February. It was 9.1% in March 2009. The EU27 unemployment rate was 9.6% in March 2010, unchanged compared with February. It was 8.5% in March 2009.
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Euro Area Inflation Accelerates to 1.5%
Published: 4/30/2010 11:00:18 AM
By: TradingEconomics.com, Reuters
Euro zone inflation edged up as expected in April but remained well below the European Central Bank's target, underlining market expectations of unchanged ECB interest rates until 2011.
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Greece's help May Arrive Too Late
Published: 4/29/2010 11:30:32 PM
By: Anna Fedec, contact@tradingeconomics.com
On Thursday, the European Commission said that the multi loan program for Greece would be finalized within the next few days. Yet, although the markets have stabilized, it's hard to believe that Athens will finally receive the much needed help after many months of meetings and broken promises.
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Greek, Portuguese Bonds Drop as Debt Crisis Escalates
Published: 4/27/2010 12:29:47 PM
By: TradingEconomics.com, Bloomberg
Government bonds of the euro region’s most indebted nations slumped, led by the biggest drop for Greek two-year notes since at least 1998, as credit downgrades escalated Europe’s sovereign-debt crisis.
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Euro Area Records Trade Surplus in February
Published: 4/16/2010 10:14:45 AM
By: TradingEconomics.com, Eurostat
The first estimate for the euro area (EA16) trade balance with the rest of the world in February 2010 gave a 2.6 bn euro surplus, compared with -1.2 bn in February 2009.
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Euro Area Annual Inflation up to 1.4%
Published: 4/16/2010 10:13:45 AM
By: TradingEconomics.com, Eurostat
Euro area annual inflation was 1.4% in March 20102, up from 0.9% in February. A year earlier the rate was 0.6%. Monthly inflation was 0.9% in March 2010.
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ECB Keeps Rate at 1%
Published: 4/8/2010 10:12:20 AM
By: TradingEconomics.com, Bloomberg
The European Central Bank left interest rates at a record low as the Greek fiscal crisis complicates its withdrawal of emergency stimulus measures.
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Euro Area Unemployment Rate Inches Up
Published: 3/31/2010 10:02:30 AM
By: TradingEconomics.com, Eurostat
The euro area (EA16) seasonally-adjusted unemployment rate was 10.0% in February 2010, compared with 9.9% in January. It was 8.8% in February 2009.
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Euro Area Inflation Jumps in March
Published: 3/31/2010 9:54:56 AM
By: TradingEconomics.com, Eurostat
European inflation accelerated more than economists forecast on higher oil prices.
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Eurozone Core Inflation Falls To Record Low In February
Published: 3/16/2010 9:54:54 AM
By: TradingEconomics.com, Eurostat
Eurozone core inflation dropped to an all-time low in February, suggesting that deflationary pressures persist in the 16-nation economy.
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ECB Keeps Key Rate at 1%
Published: 3/4/2010 9:37:58 AM
By: TradingEconomics.com, Bloomberg
The European Central Bank left its benchmark interest rate at a record low as policy makers weigh the risks of withdrawing emergency lending measures amid Greece’s fiscal crisis.
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Recovery in Euro Area Seen Falling Behind Schedule
Published: 3/3/2010 5:44:02 PM
By: Anna Fedec, contact@tradingecoomics.com
After promising data in the third quarter of 2009, the Euro Area economy expanded by only 0.1% in the last three months of last year. And if it wouldn't be for France's 0.6% growth, the common currency zone would most likely record a contraction.
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Euro Area Inflation Slows
Published: 3/2/2010 10:04:55 AM
By: TradingEconomics.com, Bloomberg
European inflation slowed in February after rising unemployment and a weakening recovery prompted households to scale back spending.
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Euro Zone Unemployment Rate Flat
Published: 3/1/2010 9:45:56 AM
By: TradingEconomics.com, Reuters
Euro zone unemployment remained at 9.9% in January and the previous month's jobless numbers were lower than previously thought, data showed, defying expectations of further labour market deterioration.
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Europe Inflation Quickens to Fastest in Almost a Year
Published: 2/26/2010 9:56:45 AM
By: TradingEconomics.com, Bloomberg
Euro Area inflation accelerated in January to the fastest in almost a year led by surging energy costs.
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Euro Area Exports Rise in December
Published: 2/17/2010 10:10:59 AM
By: TradingEconomics.com, Bloomberg
European exports increased in December as a strengthening global economy and a weaker euro boosted demand for goods from the region.
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Europe’s Recovery Almost Stalls
Published: 2/12/2010 9:36:04 AM
By: TradingEconomics.com, Bloomberg
Europe’s recovery almost stalled in the fourth quarter as waning spending and investment in Germany unexpectedly brought growth in the region’s largest economy to a halt.
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Debt Crisis May Endanger Europe's Economic Recovery
Published: 2/6/2010 12:24:28 PM
By: Anna Fedec, contact@tradingeconomics.com
In the third quarter of 2009, the Euro Area economy emerged from the worst recession since World War II. Yet, during the last few weeks, the single currency union has been facing the biggest challenge since its establishments as lower tax revenues started bringing fiscal deficit in some member countries to unsustainable levels.
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ECB Holds Rates, Sees Moderate, Uneven Recovery
Published: 2/4/2010 10:25:48 AM
By: TradingEconomics.com, Reuters
The European Central Bank kept interest rates at a record low of 1.0 percent on Thursday and reaffirmed its view that the euro zone's economic recovery would be modest and uneven this year.
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Euro Area Unemployment Hits 10.0%
Published: 1/29/2010 10:17:52 AM
By: TradingEconomics.com, Eurostat
The euro area (EA16) seasonally-adjusted unemployment rate was 10.0% in December 2009, compared with 9.9% in November. It was 8.2% in December 2008. The EU27 unemployment rate was 9.6% in December 2009, compared with 9.5% in November. It was 7.6% in December 2008.
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Euro Area Inflation up to 0.9% in December
Published: 1/16/2010 2:36:57 PM
By: TradingEconomics.com, Eurostat
Euro area annual inflation was 0.9% in December 20092, up from 0.5% in November. A year earlier the rate was 1.6%.
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Euro Area Exports Drop for Second Month in November
Published: 1/16/2010 2:31:28 PM
By: TradingEconomics.com, Business Week
European exports declined for a second month in November as the euro’s strength made goods from the region more expensive abroad.
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ECB Keeps Rates on Hold
Published: 1/16/2010 2:23:22 PM
By: TradingEconomics.com, MarketWatch
The European Central Bank kept benchmark interest rates unchanged at a record low of 1.0 percent on Thursday with the ECB expected to remain in a holding pattern given uneven growth and low inflation.
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Euro Area Unemployment Rate Rises to 10%
Published: 1/8/2010 9:57:30 AM
By: TradingEconomics.com, Eurostat
The euro area (EA16) seasonally-adjusted unemployment rate was 10.0% in November 2009, compared with 9.9% in October. It was 8.0% in November 2008.
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Euro Area Inflation Accelerates
Published: 1/5/2010 9:53:05 AM
By: TradingEconomics.com, Bloomberg
Consumer prices in the 16-nation euro region rose 0.9 percent from a year earlier after increasing 0.5 percent in November. The December rate was the highest since February 2009.
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Euro Area Records Trade Surplus in October
Published: 12/18/2009 10:34:37 AM
By: TradingEconomics.com, Reuters
The euro zone swung to a trade surplus in October from a deficit a year earlier as exports fell less than imports despite a stronger euro exchange rate, likely helping economic growth late in 2009.
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Euro Area Economic Growth May be Slower in 2010
Published: 12/10/2009 6:01:52 PM
By: Anna Fedec, contact@tradingeconomics.com
In the third quarter of 2009, the Euro Area economy emerged from the worst recession since World War II. And although estimates for next year are positive, the second largest economy in the world will have to face many challenges in order to make a sustainable recovery.
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Trichet Says ECB to Scale Back Emergency Loans
Published: 12/3/2009 10:52:54 AM
By: TradingEconomics.com, Bloomberg
European Central Bank President Jean- Claude Trichet said the ECB will scale back its flagship emergency financing operations next year as the euro region starts an “uneven” recovery.
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Euro Area GDP up by 0.4%
Published: 12/3/2009 10:50:05 AM
By: TradingEconomics.com, Eurostat
GDP increased by 0.4% in the euro area1 (EA16) and by 0.3% in the EU27 during the third quarter of 2009, compared with the previous quarter, according to first estimates released by Eurostat. In the second quarter of 2009, growth rates were -0.2% in the euro area and -0.3% in the EU27.
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Eurozone Rates Left Unchanged at 1%
Published: 12/3/2009 9:31:47 AM
By: TradingEconomics.com, Financial Times
The European Central Bank is expected later on Thursday to announce fresh moves dismantling emergency actions taken to shore-up financial markets, after its governing council left official eurozone interest rates unchanged at 1%.
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Euro Area Unemployment Rate Stable at 9.8%
Published: 12/1/2009 10:50:54 AM
By: TradingEconomics.com, Eurostat
The euro area (EA16) seasonally-adjusted unemployment rate was 9.8% in October 2009, the same as in September. It was 7.9% in October 2008.
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Euro Area Consumer Prices Rise
Published: 11/30/2009 9:51:01 AM
By: TradingEconomics.com, Bloomberg, Eurostat
Euro Area annual inflation is expected to be 0.6% in November 2009 according to a flash estimate issued by Eurostat. It was -0.1% in October.
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Europe Manufacturing, Services Expansion Accelerates
Published: 11/23/2009 9:30:25 AM
By: TradingEconomics.com, Bloomberg
Europe’s services and manufacturing industries expanded at the fastest pace in two years in November after a reviving global economy helped the euro region emerge from the worst recession in more than 60 years.
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Euro Area Exports Rose Most in 20 Months in September
Published: 11/17/2009 9:26:29 AM
By: TradingEconomics.com, Bloomberg
European exports increased the most in more than a year and a half in September as reviving global demand helped the region’s economy emerge from its deepest recession since World War II.
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Euro Area Inflation Falls
Published: 11/16/2009 9:14:42 AM
By: TradingEconomics.com, Bloomberg
European consumer prices declined for a fifth month in October as rising unemployment discouraged household spending.
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Europe’s Economy Emerges From Recession
Published: 11/13/2009 9:31:22 AM
By: TradingEconomics.com, Bloomberg
The euro-area economy emerged from its worst recession since World War II in the third quarter as exports from Germany and France helped compensate for households’ reluctance to increase spending.
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Trichet Says ECB to Phase Out Emergency Measures
Published: 11/5/2009 9:22:55 AM
By: TradingEconomics.com, Bloomberg
European Central Bank President Jean- Claude Trichet said officials will withdraw some of the emergency liquidity measures introduced to fight the worst recession since World War II.
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The Euro Area is Not Heading to a Sustainable Recovery
Published: 10/30/2009 2:49:14 PM
By: Anna Fedec, contact@tradingeconomics.com
The Euro Area economy probably returned to positive growth in the third quarter of 2009. However, the recovery may not be sustainable because of rising unemployment and scarce credit availability.
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Euro Area Inflation Declines
Published: 10/30/2009 9:44:21 AM
By: TradingEconomics.com, Reuters
The European Union's statistics agency said consumer prices in the 16-country euro area fell 0.1 percent year-on-year in October, after a 0.3 percent decline in September.
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Euro Area Unemployment Rises to 9.7%
Published: 10/30/2009 9:36:32 AM
By: TradingEconomics.com, Eurostat
The euro area (EA16) seasonally-adjusted unemployment rate was 9.7% in September 2009, compared with 9.6% in August. It was 7.7% in September 2008.
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European Manufacturing Expands, Services Growth Accelerates
Published: 10/23/2009 8:51:39 AM
By: TradingEconomics.com, Bloomberg
Europe’s manufacturing expanded for the first time in 17 months and services industries grew at a faster pace in October as evidence mounted that the global economy is pulling out of the recession.
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European Consumer Prices Decline for Fourth Month
Published: 10/15/2009 11:37:41 AM
By: TradingEconomics.com, Bloomberg
European consumer prices fell for a fourth month in September as energy prices dropped and companies cut jobs and reduced costs to weather the global economic slump.
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Trichet Signals ECB in No Rush to Increase Rates
Published: 10/8/2009 9:25:13 AM
By: TradingEconomics.com, Bloomberg, ECB
European Central Bank President Jean- Claude Trichet said interest rates are “appropriate,” signaling the bank has no plans to tighten policy yet as Europe emerges from the deepest recession since World War II.
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European Economy Contracts More Than Estimated
Published: 10/7/2009 9:45:19 AM
By: TradingEconomics.com, Bloomberg
Europe’s economy contracted more than estimated in the second quarter as consumer spending, investment and exports were weaker than earlier reported.
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Europe Unemployment Rises to Highest Since March 1999
Published: 10/1/2009 9:33:20 AM
By: TradingEconomics.com, Bloomberg
Europe’s unemployment rate rose to the highest in more than 10 years in August as companies continued to cut jobs even as the region’s largest economies emerged from recession.
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European Consumer Prices Decline More Than Forecast
Published: 9/30/2009 9:50:02 AM
By: TradingEconomics.com, Bloomberg
Prices in the 16-nation euro region declined 0.3 percent from a year earlier after falling 0.2 percent in August, the European Union statistics office in Luxembourg said . The September drop was the fourth straight decrease and exceeded the 0.2 percent fall projected by economists.
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Europe’s Trade Surplus Rises to Highest in Five Years
Published: 9/17/2009 9:22:04 AM
By: TradingEconomics.com, Bloomberg
Euro Area posted the largest trade surplus in five years in July on increasing exports, adding to signs the region’s economy is emerging from the recession.
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Euro Area Inflation up to -0.2%
Published: 9/16/2009 10:06:19 AM
By: TradingEconomics.com, Bloomberg
Euro area annual inflation was -0.2% in August 2009, up from -0.7% in July. A year earlier the rate was 3.8%. Monthly inflation was 0.3% in August 2009.
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ECB Keeps Key Rate at Record Low
Published: 9/3/2009 9:09:51 AM
By: TradingEconomics.com, Bloomberg
The European Central Bank left interest rates at a record low and may signal it’s in no rush to withdraw emergency stimulus measures as the economy shows signs of recovering from its worst recession since World War II.
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ECB May Keep Rates at Record Low
Published: 9/2/2009 10:41:06 PM
By: TradingEconomics.com, Bloomberg
The European Central Bank will leave interest rates at a record low and signal it’s in no rush to withdraw emergency stimulus measures as the economy shows signs of recovering from its worst recession since World War II, economists said.
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Europe Unemployment Rate Rises
Published: 9/1/2009 9:44:25 AM
By: TradingEconomics.com, Bloomberg, Eurostat
Europe’s unemployment rate rose to the highest in more than 10 years in July as companies cut jobs to weather the worst recession in six decades.
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European Inflation Declines Less Than Forecast
Published: 8/31/2009 9:18:02 AM
By: TradingEconomics.com, Bloomberg
European consumer prices dropped less than economists forecast in August as the economy recovered from the deepest slump in six decades.
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Euro Area Trade Surplus Widened
Published: 8/17/2009 9:48:29 AM
By: TradingEconomics.com, Eurostat
The first estimate for the euro area (EA16) trade balance with the rest of the world in June 2009 gave a 4.6 bn euro surplus, compared with 0.0 bn in June 2008. The May 2009 balance was +2.1 bn, compared with -3.8 bn in May 2008. In June 2009 compared with May 2009, seasonally adjusted exports fell by 0.1%, while imports remained stable.
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Euro Area Economic Recovery Looks Fragile
Published: 8/14/2009 12:17:58 PM
By: Anna Fedec, contact@tradingeconomics.com
The Euro Area GDP shrank only 0.1% in the second quarter of 2009, according to data released this week. But is it really a good idea for politicians to be excited about growth below trend? Moreover, can one economist forecast that the Eurozone is on the brink of a major economic recovery? Probably not.
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European CPI Drop More Than Estimated
Published: 8/14/2009 9:44:18 AM
By: TradingEconomics.com, Bloomberg
European consumer prices dropped more than initially estimated in July as energy costs decreased and rising unemployment prompted households to cut spending.
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Euro Area Economy Contracted 0.1% in Q2
Published: 8/13/2009 9:53:51 AM
By: TradingEconomics.com, Bloomberg
The euro-region economy barely contracted in the second quarter as Germany and France unexpectedly returned to growth, suggesting Europe’s worst recession since World War II is coming to an end.
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ECB Keeps Rate at Record Low
Published: 8/6/2009 8:53:16 AM
By: TradingEconomics.com, Bloomberg
The European Central Bank left interest rates at a record low as it tries to get credit flowing again and strengthen an economy that may return to growth this quarter.
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European Prices Fall 0.6% in July
Published: 7/31/2009 9:42:42 AM
By: TradingEconomics.com, Bloomberg
European inflation fell by the most in at least 13 years in July after energy costs declined and unemployment rose to the highest in a decade.
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Europe Unemployment Rises Less Than Forecast
Published: 7/31/2009 9:34:18 AM
By: TradingEconomics.com, Bloomberg, Eurostat
European unemployment rose less than economists forecast in June as new data showed the jobless rate in Spain, the euro-area country with the most job losses in the past year, increased less than previously estimated.
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Europe Posts Trade Surplus in May
Published: 7/17/2009 9:12:40 AM
By: TradingEconomics.com, Bloomberg
Europe posted a trade surplus for a second month in May as exports declined less than imports.
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Europe June Inflation Record First Annual Drop
Published: 7/15/2009 9:33:04 AM
By: TradingEconomics.com, Bloomberg
European consumer prices fell in June for the first time since at least 1996 as energy costs dropped and rising unemployment curbed household spending.
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ECB Actions Slow But Steady
Published: 7/9/2009 11:44:04 AM
By: Anna Fedec, contact@tradingeconomics.com
Recently, the European Central Bank has been very active after being criticized for a long time for being too slow in implementing monetary policy measures to help the distressed European economy.
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The European Economy is Still at Risk!
Published: 7/8/2009 11:27:35 AM
By: Anna Fedec, contact@tradingeconomics.com
In the first quarter of 2009, the Euro Area economy shrank 4.9 percent from a year earlier, the biggest decline on record. And although there are some signs that the world’s second largest economy is getting better, it will likely contract further during the next few months.
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Europe’s Economy Shrinks Most on Record
Published: 7/8/2009 9:22:06 AM
By: TradingEconomics.com, Bloomberg
Europe’s economy contracted by a record in the first quarter as exports dropped and companies cut spending and jobs to weather the slump in demand.
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Euro Area Unemployment up to 9.5%
Published: 7/2/2009 9:20:59 AM
By: TradingEconomics.com, Eurostat
The euro area seasonally-adjusted unemployment rate was 9.5% in May 2009, compared with 9.3% in April. It was 7.4% in May 2008.
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ECB Leaves Rates Unchanged at 1%
Published: 7/2/2009 9:09:36 AM
By: TradingEconomics.com, Financial Times
Eurozone official interest rates were left unchanged at 1 per cent by the European Central Bank on Thursday as policymakers await signs of the region’s economic recovery gaining momentum.
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Eurozone Inflation Turns Negative
Published: 6/30/2009 10:02:56 AM
By: TradingEconomics.com, Financial Times
Eurozone annual inflation has turned negative for the first time, complicating the job of the European Central Bank as draws a line under emergency measures to tackle continental Europe’s recession.
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ECB Pumps Record €442bn Into System
Published: 6/24/2009 11:54:16 AM
By: TradingEconomics.com, Financial Times
The European Central Bank has pumped a record €442.2bn into the eurozone banking system in a first-ever offer of unlimited one-year funds as it battles continental Europe’s severe recession.
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European Manufacturing, Services Contraction Weakens
Published: 6/23/2009 8:30:32 AM
By: Tradingeconomics.com, Bloomberg
Europe’s manufacturing and service industries contracted at the slowest pace in nine months in June, adding to signs the recession is bottoming out.
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ECB Actions Slow But Steady
Published: 6/17/2009 2:28:39 PM
By: Anna Fedec, contact@tradingeconomics.com
Recently, the European Central Bank has been very active after being criticized for a long time for being too slow in implementing monetary policy measures to help the distressed European economy.
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Euro Area Trade Surplus Rises in May
Published: 6/17/2009 12:40:27 PM
By: TradingEconomics.com, Eurostat
The first estimate for the euro area (EA16) trade balance with the rest of the world in April 2009 gave a 2.7 bn euro surplus, compared with +2.2 bn in April 2008.
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Euro-Area Inflation Rate Falls to Zero
Published: 6/16/2009 8:33:54 AM
By: Tradingeconomics.com, Bloomberg
Europe’s inflation rate dropped to zero in May as energy costs retreated and the global economic slump forced companies to lower prices.
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Europe Payrolls Shrink by Record 1.22 Million
Published: 6/15/2009 9:59:14 AM
By: Tradingeconomics.com, Bloomberg
Europe’s economy lost a record 1.22 million jobs in the first quarter as companies cut spending to survive the worst global economic slump in more than six decades.
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ECB Keeps Key Rate at Record-Low 1%
Published: 6/4/2009 10:09:15 AM
By: Tradingeconomics.com, Bloomberg
The European Central Bank kept its benchmark interest rate at a record low of 1 percent today after first signs of an economic recovery emerged.
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ECB Actions Slow But Steady
Published: 6/2/2009 10:44:56 PM
By: Anna Fedec, contact@tradingeconomics.com
Recently, the European Central Bank has been very active after being criticized for a long time for being too slow in implementing monetary policy measures to help the distressed European economy. Last month, the institution reduced its main refinancing rate to 1%, introduced 12-month maturity repos, a debt purchase scheme and announced that the European Investment Bank is to become counterparty in its operations. And although it is likely that this Thursday the benchmark rate will remain unchanged, the bank is expected to bring more details of the covered bond purchase program.
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Europe Unemployment Rate Rises to Highest Since 1999
Published: 6/2/2009 8:35:11 AM
By: TradingEconomics.com, Eurostat
Europe’s unemployment rate rose to the highest in almost 10 years in April as the worst global economic slump in more than six decades forced companies to cut jobs and spending.
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The Worst is Not Yet Over for the European Economy
Published: 5/29/2009 5:41:32 PM
By: Anna Fedec, contact@tradingeconomics.com
In the fist quarter of 2009 the Europe’s economy contracted at the fastest pace in at least 13 years. And although there are some signs that the second largest economy in the world is getting better, it will likely contract further during the next few months.
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Euro-Area Inflation Rate Falls to Zero
Published: 5/29/2009 8:58:59 AM
By: TradingEconomics.com, Bloomberg
The euro region’s inflation rate fell to zero for the first time in at least 13 years in May as energy costs retreated and the worst recession in more than six decades prompted companies to cut prices.
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European Exports Rise 1.4%
Published: 5/18/2009 8:50:46 AM
By: TradingEconomics.com, Bloomberg
Europe’s exports increased for a second month in March, adding to indications the worst economic slump in more than six decades is bottoming out.
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Euro Area Annual Inflation Stable at 0.6%
Published: 5/15/2009 9:16:10 AM
By: TradingEconomics.com, Eurostat
Euro area annual inflation was 0.6% in April 2009, unchanged compared with March. A year earlier the rate was 3.3%.
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Europe’s Economy Contracts 2.5%
Published: 5/15/2009 8:54:18 AM
By: TradingEconomics.com, Bloomberg
Europe’s economy contracted at the fastest pace in at least 13 years in the first quarter as companies cut output and jobs to survive the worst global slump in more than six decades.
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ECB Could Be Running Out of Options
Published: 5/12/2009 4:39:49 PM
By: Anna Fedec, contact@tradingeconomics.com
The European Central Bank has been very active recently. It has reduced its main refinancing rate to 1.0%, introduced 12-month maturity repos, a debt purchase scheme and announced that the European Investment Bank is to become counterparty in its operations. These actions are necessary but look a bit too late and not big enough. So, one has to question if the ECB used all available measures to help the distressed European economy.
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ECB Cuts Key Rate to Record Low of 1%
Published: 5/7/2009 8:21:30 AM
By: TradingEconomics.com, Bloomberg
The European Central Bank cut its key interest rate to a record low of 1 percent today, and may offer banks longer-term loans to stem the region’s worst recession since World War II.
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ECB Likely to Cut Rates to 1%
Published: 5/6/2009 5:15:27 PM
By: Anna Fedec, contact@tradingeconomics.com
This week, the European Central Bank is widely expected to cut interest rates to 1.0 percent and make a decision on using the quantitative easing in its monetary policy. But are those “unconventional measures” really necessary in boosting the credit growth in the European economy?
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Europe’s Jobless Rate Jumps to the Highest Since 2005
Published: 4/30/2009 6:47:03 AM
By: TradingEconomics.com, Eurostat
Europe’s unemployment rate rose to the highest in more than three years and inflation held at a record low, increasing pressure on the European Central Bank to take steps to tackle the worst recession in half a century.
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The Worst is Not Yet Over for the European Economy
Published: 4/29/2009 10:27:45 AM
By: Anna Fedec, contact@tradingeconomics.com
In the last quarter of 2008 the Europe’s recession deepened the most in at least 13 years. And although there are some signs that the second largest economy in the world is getting better, it will likely contract further during the next few months.
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Euro Area Trade Deficit at 2.0 bn Euro
Published: 4/19/2009 7:27:04 PM
By: TradingEconomics.com, Eurostat
The first estimate for the euro area (EA16) trade balance with the rest of the world in February 2009 gave a 2.0 bn euro deficit, compared with +1.7 bn in February 2008.
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Euro Area Inflation Down to 0.6%
Published: 4/19/2009 7:21:35 PM
By: TradingEconomics.com, Eurostat
Euro Area annual inflation was 0.6% in March 2009, down from 1.2% in February. A year earlier the rate was 3.6%. Monthly inflation was 0.4% in March 2009.
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ECB Reluctant to Implement Quantitative Easing
Published: 4/7/2009 5:39:45 AM
By: Anna Fedec, annafedec@tradingeconomics.com
At the April meeting of the governing council, the European Central Bank decided to cut its benchmark interest rate only by 25bps and made no announcement on using any ‘unconventional’ monetary policy measures. What is behind this move and how much longer do we need to wait for more easing of the lending conditions?
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Europe’s Recession Deepens
Published: 4/7/2009 5:31:40 AM
By: TradingEconomics.com, Bloomberg
Europe’s recession deepened more than estimated in the fourth quarter after companies scaled back production and consumer spending declined.
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ECB Cuts Rates to 1.25%
Published: 4/2/2009 5:00:29 AM
By: TradingEconomics.com, Financial Times
The European Central Bank has cut official interest rates further as it steps up its efforts to combat Europe’s recession, but it has stopped short of entering zero interest rate territory.
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Euro Area Unemployment up to 8.5%
Published: 4/1/2009 7:16:25 AM
By: TradingEconomics.com, Eurostat
The euro area (EA16) seasonally-adjusted unemployment rate was 8.5% in February 2009, compared with 8.3% in January. It was 7.2% in February 2008.
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Eurozone Inflation Plunges to Record Low
Published: 3/31/2009 5:10:09 AM
By: TradingEconomics.com, Financial Times
Eurozone inflation has fallen to a record low, strengthening the case for further European Central Bank action to boost the economy of the 16-country bloc and head-off any risk of deflation.
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Quantitative Easing, Is the ECB Ready for This?
Published: 3/24/2009 8:54:33 AM
By: Anna Fedec, contact@tradingeconomics.com
So far, the European Central Bank has renounced to the implementation of quantitative easing in order to boost liquidity in the open market. But why the ECB is more focused on lifting bank lending instead of using unconventional measures? Moreover, how long it may take for the bank to acknowledge the necessity of quantitative easing?
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Euro Area Trade Deficit Shrinks
Published: 3/23/2009 5:40:17 AM
By: TradingEconomics.com, Eurostat
The first estimate for the euro area (EA16) trade balance with the rest of the world in January 2009 gave a 10.5 bn euro deficit, compared with -11.1 bn in January 2008.
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European Payrolls Shrink by Record
Published: 3/16/2009 6:11:03 AM
By: TradingEconomics.com, Bloomberg
European payrolls shrank 0.3 percent in the fourth quarter from the previous three months, the second quarterly contraction and the biggest decline since the data series started in 1995.
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European Inflation Near 10-Year Low
Published: 3/16/2009 6:09:21 AM
By: TradingEconomics.com, Eurostat
Consumer prices in the euro area rose 1.2 percent from a year earlier in February, compared with 1.1 percent in January, which was the lowest rate in a decade.
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ECB Cuts Rates to 1.5%
Published: 3/5/2009 5:24:14 AM
By: TradingEconomics.com, Bloomberg
The European Central Bank cut interest rates to a record low in an attempt to stem the worst recession since World War II.
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ECB Likely to Cut Rates by 50bps
Published: 3/2/2009 7:49:26 PM
By: Anna Fedec, contact@tradingeonomics.com
Since October, the European Central Bank has cut its benchmark interest rate by 2.5 percentage point and we expect a 50 bps reduction this week. But can rate cuts help to fight the ongoing deterioration on the European economy by boosting credit? We don’t think so.
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