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Thursday December 08 2016
ECB Extends QE Until December 2017  
The ECB held its benchmark refinancing rate at 0 percent for the seventh straight time on December 8th, as widely expected, and extended its programme of quantitative easing until December 2017. Policymakers decided to continue its purchases under the asset purchase programme at the current monthly pace of €80 billion until the end of March 2017. From April 2017, the net asset purchases are intended to continue at a monthly pace of €60 billion until the end of December 2017, or beyond, if necessary.
Tuesday December 06 2016
Eurozone Q3 GDP Growth Confirmed At 0.3%  
The Euro Area economy advanced 0.3 percent on quarter in the three months to September of 2016, the same as in the previous period and in line with earlier estimates. Household consumption and public spending were the main drivers of growth while fixed investment slowed sharply and net external demand contributed negatively.
Thursday December 01 2016
Euro Area Unemployment Rate Falls to 7-Year Low  
The unemployment rate in the Eurozone declined to 9.8 percent in October of 2016 from a downwardly revised 9.9 percent in September. It is the lowest jobless rate since July of 2009 and below market expectations of 10 percent. Unemployment has been falling since a record high of 12.1 percent in April of 2013 but remains above a record low of 7.2 percent in March of 2008.
Wednesday November 30 2016
Eurozone Inflation Rate Rises To Fresh 2-1/2-Year High  
Consumer prices in the Euro Area are expected to increase by 0.6 percent year-on-year in November 2016, following a 0.5 percent growth in the previous month and in line with market consensus. It was the highest inflation rate since April 2014, as prices for services and food continued to grow.
Thursday November 17 2016
ECB Points to Further Stimulus at December Meeting  
ECB policymakers agreed on the need to execute its asset purchases in line with its past decisions and to adopt further measures, if needed, to support the Eurozone's recovery and bring inflation back to target, minutes from ECB's November meeting showed. ECB officials also agreed that in December they would be in a better position to form a firmer view on the inflation outlook, as they would have access to the latest incoming data, the new Eurosystem staff macroeconomic projections and the results of the work of the Eurosystem committees on the options to ensure the smooth implementation of the APP until March 2017, or beyond, if necessary.
Thursday November 17 2016
Eurozone Inflation Rate Confirmed at 28-Month High  
Eurozone's consumer prices increased 0.5 percent year-on-year in October 2016, following a 0.4 percent gain in the previous month and in line with preliminary estimate. It was the highest inflation rate since June 2014, boosted by higher cost of restaurants and cafés, rents and tobacco.
Tuesday November 15 2016
Eurozone Trade Surplus Widens in September  
The Eurozone trade surplus rose 37.8 percent to €26.5 billion in September 2016 compared to a €19.2 billion in the same month of the previous year, above market consensus of €22.5 billion. Exports increased 2 percent while imports dropped 2 percent. Considering the first nine months of the year, the trade surplus increased to €204.8 billion, compared with €169.1 billion in the same period of 2015.
Tuesday November 15 2016
Euro Area GDP Growth in Line With Estimates at 0.3%  
The Eurozone economy expanded 0.3 percent on quarter in the three months to September of 2016, the same as in the previous period and in line with preliminary figures, the second estimate showed. GDP growth slowed in most countries including Germany and Spain but picked up in France and Italy.
Monday November 14 2016
Euro Area Industrial Production Rises More than Expected  
Industrial production in the Euro Area increased 1.2 percent year-on-year in September of 2016, following an upwardly revised 2.2 percent gain in August and better than market expectations of a 1 percent rise. On a monthly basis, production declined 0.8 percent, compared to forecasts of a 1 percent drop and mostly due to a fall in durable goods.
Thursday November 03 2016
Eurozone Jobless Rate Steady at 10% in September  
The seasonally adjusted unemployment rate in the Euro Area stood at 10 percent in September 2016, unchanged from a downwardly revised August rate and lower than 10.6 percent a year earlier. The figure came in line with market expectations and hit its lowest level since June 2011.
Monday October 31 2016
Euro Area GDP Growth Steady at 0.3% in Q3  
The Eurozone economy expanded 0.3 percent on quarter in the three months to September of 2016, the same as in the previous period and in line with market expectations, preliminary estimates showed. GDP growth picked up in France and Austria but slowed in Spain, Belgium and Lithuania.
Monday October 31 2016
Euro Area Inflation Rate at Near 2-1/2-Year High of 0.5%  
Consumer prices in the Euro Area are expected to increase 0.5 percent year-on-year in October of 2016, following 0.4 percent growth in the previous month and in line with market expectations. It was the highest inflation rate since June 2014, as prices rose for services, food and energy cost fell at a slower pace.
Thursday October 20 2016
ECB Leaves Monetary Policy Unchanged  
The ECB held its benchmark refinancing rate at 0 percent for the sixth straight time on October 20th, as widely expected. Both the deposit rate and the lending rate were also left steady at -0.4 percent and 0.25 percent, respectively. Policymakers reiterated they expect the key ECB interest rates to remain at present or lower levels for an extended period of time and confirmed that the monthly asset purchases of €80 billion are intended to run until the end of March 2017, or beyond, if necessary.
Monday October 17 2016
Euro Area Inflation Rate Confirmed at Near 2-Year High  
Consumer prices in the Eurozone increased 0.4 percent year-on-year in September of 2016, following a 0.2 percent gain in each of the previous two months and in line with preliminary figures. It is the highest inflation rate since October of 2014, boosted by cost of restaurants and cafes, rents and tobacco.
Friday October 14 2016
Euro Area Trade Surplus Widens in August  
The trade surplus in the Euro Area increased to €18.4 billion in August of 2016 from a €11.2 billion surplus a year earlier and above market estimates of a €15.3 billion. Exports recovered, rising the most in 14 months and imports increased for the first time in six months although at a slower pace.
Wednesday October 12 2016
Eurozone Industrial Output Rises the Most in 4 Months  
Industrial production in the Euro Area increased by 1.8 percent year-on-year in August 2016, following a 0.5 percent contraction in July and beating market expectations of a 1.1 percent gain. On a monthly basis, industrial output jumped 1.6 percent, after falling by an upwardly revised 0.7 percent in the previous month and better than market expectations of a 1.5 percent growth.
Thursday October 06 2016
ECB Will Continue With QE Until at Least March 2017  
The European Central Bank reiterated its willingness, capacity and ability to act to achieve its inflation target and said there should be no doubt about its determination to execute its asset purchases which would run until March 2017, or beyond, if necessary, minutes from its September meeting showed.
Friday September 30 2016
Euro Area Inflation Rate At Near 2-Year High in September  
Consumer prices in the Euro Area are expected to increase 0.4 percent year-on-year in September of 2016, following 0.2 percent growth in the previous month and in line with market expectations. It was the highest inflation rate since October 2014, as prices rose for services, food and energy cost fell at a slower pace.
Friday September 30 2016
Eurozone Unemployment Rate Stable at 10.1% in August  
The seasonally adjusted unemployment rate in the Euro Area stood at 10.1 percent in August 2016, unchanged from the July rate and down from 10.7 percent a year earlier. The figure came in worse than market expectations of 10 percent but remained at its lowest level since July 2011.
Thursday September 15 2016
Euro Area Inflation Rate Confirmed at 0.2% in August  
Consumer prices in the Euro Area went up 0.2 percent year-on-year in August of 2016, the same as in the previous month. Figures came in line with preliminary estimates, remaining well below the ECB’s 2 percent target.
Thursday September 15 2016
Eurozone Trade Surplus Narrows Sharply in July  
The Eurozone trade surplus fell 18.6 percent to €25.3 billion in July 2016 compared to a €31.1 billion in the same month of the previous year, but beating market expectations of €25 billion. Exports declined 10 percent while imports dropped at a slower 8 percent. Considering the first seven months of the year, the trade surplus increased to €160.6 billion, compared with €140.9 billion in the same period of 2015.
Wednesday September 14 2016
Eurozone Industrial Output Drops 0.5% YoY in July  
Industrial production in the Euro Area fell 0.5 percent year-on-year in July 2016, following an upwardly revised 0.7 percent gain in June and better than market expectations of 0.7 percent drop. On a monthly basis, industrial output declined firmly by 1.1 percent, after rising by an upwardly revised 0.8 percent in the previous month and worse than market expectations of a 0.9 percent contraction.
Thursday September 08 2016
ECB Keeps Rates on Hold  
The ECB left its benchmark refinancing rate unchanged at 0% for the fifth straight time in September, as widely expected. Both the deposit rate and the lending rate were also left steady at -0.4 percent and 0.25 percent, respectively. Policymakers reiterated they expect the key ECB interest rates to remain at present or lower levels for an extended period of time and confirmed that the monthly asset purchases of €80 billion are intended to run until the end of March 2017, or beyond, if necessary. ECB chief Mario Draghi added at his regular post-meeting press conference that the extension of the central bank's bond-buying programme had not been discussed.
Tuesday September 06 2016
Exports and Consumers Boost Euro Area Growth in Q2  
The Euro Area economy advanced 0.3 percent on quarter in the three months to June of 2016, slowing from a 0.5 percent growth in the previous period and in line with earlier estimates. Exports and household consumption drove the expansion while investment stalled and the drag from inventories worsened.
Wednesday August 31 2016
Euro Area Inflation Rate Below Expectations  
Consumer prices in the Euro Area are expected to increase 0.2 percent year-on-year in August of 2016, the same as in the previous month and below market expectations of a 0.3 percent increase. Inflation eased for food, services and industrial goods and energy prices fell at a slower pace.
Wednesday August 31 2016
Eurozone Jobless Rate Unchanged at 10.1% in July  
The seasonally adjusted unemployment rate in the Euro Area came in at 10.1 percent in July 2016 unchanged from the June rate and down from 10.8 percent a year earlier, remaining at the lowest level since July 2011. Meanwhile, markets were expecting the jobless rate to decline to 10 percent.
Thursday August 18 2016
ECB Warns on Increased Uncertainty After UK Referendum  
ECB policymakers have said new headwinds had emerged from the outcome of the UK referendum and downside risks had clearly increased, minutes from the last ECB monetary policy meeting showed. Policymakers have also reiterated they were ready to act, if warranted, to achieve its objective, using all the instruments available within its mandate, while not fostering undue expectations about the future course of monetary policy.
Thursday August 18 2016
Eurozone Inflation Rate Confirmed at 0.2% YoY in July  
Consumer prices in the Eurozone rose 0.2 percent year-on-year in July 2016, following a 0.1 percent gain in the previous month and in line with preliminary estimates. It was the biggest rise since January, mainly boosted by higher prices of food and services, final figures showed.
Tuesday August 16 2016
Eurozone Trade Surplus at 11-Month High  
The trade surplus in the Euro Area increased 14.9 percent year-on-year to € 29.2 billion in June of 2016 as exports decreased 2.2 percent while imports shrank at a faster 5 percent. Figures compare with market forecasts of a € 25.8 billion surplus. It was the biggest trade surplus since July last year.
Friday August 12 2016
Eurozone Industrial Output Grows 0.4% YoY in June  
Industrial production in the Euro Area rose a meager 0.4 percent year-on-year in June 2016, following a downwardly revised 0.3 percent rise in May and missing market expectations of 0.7 percent gain. On a monthly basis, industrial output went up 0.6 percent, rebounding from a 1.2 percent drop in the previous month and better than market expectations of a 0.5 percent gain.
Friday August 12 2016
Eurozone GDP Growth Confirmed at 0.3% in Q2  
The Eurozone's economy expanded 0.3 percent on quarter in the three months to June 2016 slowing from a 0.6 percent growth in the previous period and matching preliminary reading, second estimate showed. Among the largest economies of the Euro Area, GDP growth slowed in Germany and Spain; while growth in France and Italy was flat.
Friday July 29 2016
Euro Area GDP Growth Slows to 0.3% in Q2  
The Eurozone economy expanded 0.3 percent on quarter in the three months to June of 2016, cooling from a 0.6 percent growth in the previous period but in line with market expectations. It is the lowest growth rate in three quarters as the French economy stalled, preliminary estimates showed.
Friday July 29 2016
Eurozone Inflation Rate Rises to 6-Month High in July  
Consumer prices in the Euro Area are expected to rise by 0.2 percent on the year in July 2016, following a 0.1 percent growth in the previous month and beating market expectations of 0.1 percent gain, according to preliminary estimates. It was the highest figure since January this year, as higher prices of food and services pushed up inflation while cost of energy continued to weigh.
Friday July 29 2016
Eurozone Jobless Rate Steady at 5-Year Low  
The seasonally adjusted unemployment rate in the Euro Area came in at 10.1 percent in June 2016 unchanged from the May rate and down from 11 percent a year earlier, remaining at the lowest level since July 2011. Among the Member States, the lowest unemployment rates were recorded in Malta (4 percent), Czech Republic (4.1 percent) and Germany (4.2 percent); while the highest unemployment rates were observed in Greece (23.3 percent in April 2016) and Spain (19.9 percent).
Thursday July 21 2016
ECB Keeps Rates on Hold  
The ECB left its benchmark refinancing rate unchanged at 0% for the fourth straight month in July, as widely expected. Policymakers considered that European markets have weathered the uncertainty experienced in the days after the UK’s referendum with encouraging resilience and that the current monetary policy measures have helped keep market stress contained.
Friday July 15 2016
Euro Area Trade Surplus Widens 34.4% YoY in May  
The Eurozone trade surplus increased 34.4 percent year-on-year to €24.6 billion in May of 2016 compared to €18.3 billion surplus a year earlier, beating market expectations of €23 billion. Imports fell 2 percent while exports rose 2 percent. Considering the first five months of the year, the trade surplus increased to €105.3 billion, compared to €85.9 billion in the same period of 2015.
Friday July 15 2016
Euro Area Annual Inflation Rate Confirmed at 0.1% in June  
Consumer prices in the Eurozone edged up 0.1 percent year-on-year in June of 2016, following a 0.1 percent fall in the previous period and in line with preliminary estimates. It is the first rise in the CPI in five months, boosted by gains in cost of restaurants, cafes, tobacco and rents, final figures showed.
Wednesday July 13 2016
Euro Area Industrial Production Below Expectations  
Industrial production in the Eurozone rose a meager 0.5 percent year-on-year in May of 2016, following an upwardly revised 2.2 percent rise in April. On a monthly basis, industrial output slumped 1.2 percent, reversing from an upwardly revised 1.4 percent rise in the previous month and worse than market expectations of a 0.8 percent fall.
Thursday July 07 2016
ECB Says Shock from Brexit Could Be Significant  
ECB policymakers considered that the risks to the euro area growth outlook remained tilted to the downside and that the shock from Brexit to the economy could be significant, although difficult to anticipate, minutes from the last ECB monetary policy meeting showed. The central bank again emphasized the need for other policy areas to contribute much more decisively in order to reap the full benefits from the ECB’s monetary policy measures.
Friday July 01 2016
Eurozone Jobless Rate Falls to Near 5-Year Low  
The seasonally adjusted unemployment rate in the Euro Area was recorded at 10.1 percent in May 2016 down from 10.2 percent from the previous month and from 11 percent reported a year earlier. It was the lowest rate since July of 2011.
Thursday June 30 2016
Eurozone Consumer Prices Post 1st Rise Since January  
Consumer prices in the Euro Area are expected to rise by a meager 0.1 percent on the year in June of 2016, following a 0.1 percent drop in the previous month and beating market expectations, according to preliminary estimates. It was the first rise in five months, as higher prices of services, food and industrial goods pushed up inflation while cost of energy fell at a slower pace.
Thursday June 16 2016
Euro Area Deflation Confirmed at -0.1% in May  
Consumer prices in the Eurozone edged down 0.1 percent year-on-year in May of 2016, following a 0.2 percent fall in April and matching preliminary estimates. Prices failed to grow for the fourth straight month, dragged down by energy cost, final figures showed.
Wednesday June 15 2016
Euro Area Trade Surplus at Record High For The Month of April  
The Eurozone trade surplus widened 31.5 percent year-on-year to €27.5 billion in April of 2016. It is the highest trade surplus for an April month on record as imports fell at a faster pace than exports due to decline in oil prices.
Tuesday June 14 2016
Euro Area Industrial Output Beats Expectations  
Industrial production in the Eurozone grew 2 percent years-on-year in April of 2016, following a meager 0.2 percent rise in March and beating market expectations of a 1.4 percent gain. It is the highest increase in three months. On a monthly basis, industrial output rebounded after two straight falls, boosted by a surge in the output of durable consumer goods.
Thursday June 09 2016
Draghi Steps Up Calls for Euro Area Reforms  
Mario Draghi renewed his call for closer Euro Area integration, saying it is necessary that other policy areas contribute more decisively in order to support the full benefits of the ECB’s unprecedented stimulus measures. The cost of delay in implementing the necessary reforms in the Euro Area is that labour and productivity suffer, and the output gap closes in the “wrong way” – instead of output rising towards potential, it is potential that falls towards current output, ECB President said in a speech at the Brussels Economic Forum 2016 on June 9th.
Tuesday June 07 2016
Euro Area GDP Growth Revised Up to 1-Year High of 0.6%  
The Eurozone economy advanced 0.6 percent on quarter in the first three months of 2016, higher than an upwardly revised 0.4 percent expansion in the previous quarter and the strongest performance in a year, final figures showed. Growth was mainly driven by household spending and private investment.
Thursday June 02 2016
ECB Keeps Rates at Record Low  
The ECB left its benchmark refinancing rate on hold at 0.0% on June 2nd 2016 as widely expected. Both the deposit rate and the lending rate were also left steady at -0.4 percent and 0.25 percent respectively and the central bank confirmed it will start buying corporate bonds on June 8. Policymakers reinforced that rates are expected to stay at present or lower levels for an extended period of time and raised growth and inflation forecasts for this year although warned Q2 2016 growth may be slower than anticipated.
Tuesday May 31 2016
Euro Area Stuck in Deflation for 4th Month  
Consumer prices in the Eurozone are expected to fall 0.1 percent year-on-year in May of 2016, following a 0.2 percent drop in April and in line with market expectations. Consumer prices failed to grow for the fourth straight month, preliminary figures showed. The inflation has been running well below the ECB’s target of just under 2 percent for the past three years.
Tuesday May 31 2016
Euro Area Jobless Rate Steady at 10.2%  
The seasonally adjusted unemployment rate in the Eurozone was recorded at 10.2 percent in April of 2016 unchanged from previous month's unrevised level and down from 11 percent reported a year earlier. It remained at its lowest level since August of 2011.
Thursday May 19 2016
ECB Says Risks to Growth Have Moderated  
ECB policymakers agreed risks to growth have moderated but still tilted to the downside and the focus is on implementing the stimulus package announced in March, minutes from the last ECB monetary policy meeting showed. The central bank also reiterated the need for other policy areas to contribute much more decisively, both at national and European levels, in order to reap the full benefits of the ECB’s monetary policy measures.
Wednesday May 18 2016
Euro Area Inflation Rate Confirmed at -0.2% in April  
Consumer prices in the Euro Area decreased 0.2 percent year-on-year in April of 2016, after showing no growth in the previous month and in line with preliminary estimates. The inflation rate turned negative, mainly due to lower prices of fuels, heating oil and gas.
Tuesday May 17 2016
Euro Area Trade Surplus Widens to 8-Month High  
The Eurozone trade surplus increased to €28.6 billion in March of 2016 compared to a €19.9 billion surplus a year earlier, beating market expectations of €22.5 billion. It was the highest reading since July last year, as exports fell 3 percent while imports dropped at a much faster 8 percent. Considering the first quarter of the year, the trade surplus increased to €53.9 billion, compared with €46.8 billion in the same period of 2015.
Friday May 13 2016
Euro Area GDP Growth Revised Down to 0.5%  
The Eurozone economy expanded 0.5 percent on quarter in the first three months of 2016, lower than a preliminary estimate of a 0.6 percent growth. It is still the fastest growth in a year as Germany, France and Italy accelerated while Greece and Latvia contracted.
Thursday May 12 2016
Euro Area Industrial Output Up 0.2% YoY  
Industrial output in the Eurozone edged up 0.2 percent year-on-year in March of 2016, slowing from an upwardly revised 1 percent increase in the previous month and below market expectations of a 1.1 percent rise. It is the lowest gain so far this year as production of capital and intermediate goods slowed and non-durable goods declined 3.0 percent. On a monthly basis, industrial output shrank 0.8 percent, second straight decline.
Friday April 29 2016
Euro Area Unemployment Rate Falls to Fresh 4-1/2-Year Low  
The seasonally-adjusted unemployment rate in the Eurozone came in at 10.2 percent in March of 2016 from an upwardly revised 10.4 percent in the previous month, beating market expectations of 10.3 percent. It is the lowest figure since August of 2011.
Friday April 29 2016
Euro Area GDP Growth Beats Expectations  
The Eurozone economy expanded 0.6 percent on quarter in the first three months of 2016 compared to a 0.3 percent growth rate in the previous period and market expectations of a 0.4 percent gain, preliminary estimates showed.
Friday April 29 2016
Euro Area Consumer Prices Fall 0.2% in April  
Consumer prices in the Euro Area dropped 0.2 percent on the year in April of 2016, after showing no growth in the previous month, according to preliminary estimates. The figure came in worse than an expected 0.1 percent fall, as energy prices continued to weigh on inflation.
Thursday April 21 2016
ECB Leaves Rates Steady  
The ECB left its benchmark refinancing rate on hold at a record low of 0.0% on April 21st 2016, following a 5bps cut in the previous month and in line with market forecasts. Rates are expected to stay at present or lower levels for an extended period of time, President Mario Draghi said. The asset purchase programme was kept at €80 billion a month but the central bank said will start buying corporate bonds in June.
Friday April 15 2016
Euro Area Trade Surplus Narrows Slightly in February  
The trade surplus in the Eurozone decreased slightly to €19 billion in February of 2016 from a € 19.9 billion surplus a year earlier. Both exports and imports increased, recovering from falls in January.
Thursday April 14 2016
Euro Area Inflation Rate Revised Up to 0%  
Consumer prices in the Eurozone were flat year-on-year in March of 2016, compared to a 0.2 percent decrease in the previous month and preliminary estimates of a 0.1 percent fall, final figures showed. On a monthly basis, consumer prices increased 1.2 percent, the highest in three years.
Wednesday April 13 2016
Euro Area Industrial Production Below Expectations  
Industrial output in the Eurozone increased 0.8 percent year-on-year in February of 2016, following an upwardly revised 2.9 percent surge in the previous month and below market expectations of a 1.2 percent rise. On a monthly basis, industrial output fell a bigger-than-expected 0.8 percent.
Thursday April 07 2016
ECB Didn't Rule Out Further Rate Cuts  
ECB policymakers expect the Euro Area growth momentum to be slower and inflation to be lower for longer than previously anticipated. As a result, the central bank lowered rates to fresh record low and increased the asset purchase program by €20 billion to €80 billion a month in March. Policymakers said that further rate reductions would not be anticipated but did not rule out future cuts, as new shocks could change the outlook for inflation, minutes from last ECB monetary policy meeting showed.
Monday April 04 2016
Euro Area Unemployment Rate at 4-1/2-Year Low  
The seasonally-adjusted unemployment rate in the Eurozone came in at 10.3 percent in February of 2016 from an upwardly revised 10.4 percent in the previous month and matching market expectations. It is the lowest figure since August of 2011.
Thursday March 31 2016
Euro Area Stays in Deflation for 2nd Month  
Consumer prices in the Euro Area edged down 0.1 percent year-on-year in March of 2016, following a 0.2 percent drop in the previous month and in line with market expectations, according to preliminary estimates. The inflation rate remained in negative territory for the second month in a row, as energy prices fell.
Thursday March 17 2016
Euro Area Inflation Rate Confirmed at -0.2%  
Consumer prices in the Euro Area decreased 0.2 percent year-on-year in February of 2016, following a 0.3 percent rise in the previous month and in line with preliminary estimates. The inflation rate turned negative for the first time in five months, falling the most in a year as oil prices weight. The monthly index increased 0.2 percent, higher than 1.4 percent in January and better than market expectations of 0.1 percent.
Thursday March 17 2016
Euro Area Trade Surplus at 2-Year Low in January  
The Eurozone trade surplus narrowed to €6.2 billion in January of 2016 from €7.1 billion a year earlier, the lowest since January of 2014 and below market expectations of €9.0 billion. Exports fell 2 percent and imports edged down 1 percent.
Monday March 14 2016
Euro Area Industrial Output Growth at 4-1/2-Year High  
Industrial production in the Eurozone rose by 2.8 percent percent year-on-year in January 2016, compared to a downwardly revised 0.1 percent fall in the previous month and beating market consensus of 1.4 percent growth. It was the sharpest gain since August 2011, boosted by higher production of consumer, capital and intermediate goods. On a monthly basis, industrial output jumped 2.1 percent following a 0.5 percent decline in December.
Thursday March 10 2016
ECB Cuts Rates to Fresh Record Low  
The ECB lowered its benchmark refinancing rate by 5bps to a fresh record low of 0.0% and increased the asset purchase program by €20 billion to €80 billion a month on March 10th 2016. The deposit facility rate was cut by 10bps to -0.4%, the lending facility was lowered by 5bps to 0.25% and a new series of long-term loans to banks was announced. Policymakers said interest rates are expected to remain at present or lower levels for an extended period of time and cut growth and inflation forecasts.
Tuesday March 08 2016
Euro Area GDP Growth Confirmed at 0.3%  
The Eurozone economy advanced 0.3 percent on quarter in the three months to December of 2015, the same as in the previous quarter and in line with preliminary figures. Gross fixed capital formation boosted the expansion while household spending slowed and net trade contributed negatively to growth for the second consecutive quarter. The EU 28 expanded 0.4 percent, higher than a 0.3 percent increase in earlier estimates.
Tuesday March 01 2016
Euro Area Unemployment Rate at Fresh 4-1/2-Year Low  
The seasonally-adjusted unemployment rate in the Eurozone decreased to 10.3 percent in January of 2016 from 10.4 percent in the previous month and below market expectations of 10.4 percent. The jobless rate declined for the third straight month, reaching the lowest since August of 2011.
Monday February 29 2016
Euro Area Inflation Rate Turns Negative  
Consumer prices in the Euro Area decreased 0.2 percent year-on-year in February of 2016, following a 0.3 percent rise in the previous month and lower than market expectations, preliminary estimates showed. The inflation rate turned negative for the first time in five months, falling the most in a year as oil prices weight.
Thursday February 25 2016
Euro Area Inflation Rate Revised Down to 0.3%  
Consumer prices in the Eurozone edged up 0.3 percent year-on-year in January of 2016, higher than a 0.2 percent growth in the previous month while missing preliminary figures of 0.4 percent. It was the highest level since May last year, mainly due to higher prices of restaurants and cafés while cost of fuels continued to hold back growth. On a monthly basis, consumer prices dropped sharply by 1.4 percent.
Thursday February 18 2016
ECB Sees Increased Risks for Euro Area  
ECB policymakers considered necessary to review and possibly reconsider the monetary policy stance at its next meeting in March as downside risks to growth and inflation increased amid uncertainty in emerging market economies, volatility in the financial and commodity markets and geopolitical risks, minutes from the last ECB monetary policy meeting showed.
Monday February 15 2016
ECB Says Ready to Ease in March  
The ECB is ready to ease monetary policy in March if financial market turmoil or falling oil prices weigh down further on inflation expectations, President Draghi said before the European Parliament’s Economic and Monetary Affairs Committee on February 15th 2016.
Monday February 15 2016
Euro Area Trade Surplus Widens 2.5% in December  
The Eurozone trade surplus increased to €24.3 billion in December of 2015 compared to a €23.7 billion surplus a year earlier but missing market expectations of €27.5 billion, as both exports and imports rose 3 percent. Considering full 2015, the trade surplus increased to €246.0 billion, compared with €184.3 billion in 2014.
Friday February 12 2016
Euro Area Industrial Output Posts Highest Drop Since August 2013  
Industrial production in the Eurozone dropped 1.3 percent year-on-year in December 2015, compared to an upwardly revised 1.4 percent gain in the previous month while missing market consensus of 0.8 percent growth. It was the first fall since November 2014 and the sharpest since August 2013, as production of energy went down 7.3 percent and capital goods declined 2.6 percent. On a monthly basis, industrial output fell for the second straight month by 1 percent following a 0.5 percent decline in November.
Friday February 12 2016
Euro Area GDP Expands 0.3% in Q4  
The Eurozone economy advanced 0.3 percent on quarter in the three months to December of 2015, the same as in the previous quarter and in line with market expectations, preliminary estimates showed. The German expansion matched forecasts while growth figures for Italy and France disappointed.
Tuesday February 02 2016
Euro Area Jobless Rate Lowest Since September 2011  
The seasonally-adjusted unemployment rate in the Eurozone decreased slightly to 10.4 percent in December of 2015 compared with previous month's unrevised level of 10.5 percent and from 11.4 percent reported a year earlier. This was the lowest rate recorded since September of 2011.
Friday January 29 2016
Euro Area Inflation Rate at 15-Month High  
Consumer prices in the Euro Area are expected to increase 0.4 percent year-on-year in January of 2016, higher than 0.2 percent in the previous two months and in line with expectations. It is the biggest rate since October of 2014, preliminary figures showed.
Thursday January 21 2016
ECB Leaves Rates Unchanged  
The ECB left its benchmark refinancing rate steady at a record low of 0.05 percent and the asset purchase program on hold on January 21st 2016. Policymakers consider current monetary policy measures are working but would need to be re-examined in March as growth and inflation outlook worsened.
Tuesday January 19 2016
Euro Area Inflation Rate Confirmed at 0.2%  
Consumer prices in the Eurozone edged up 0.2 percent year-on-year in December of 2015, the same as in the previous month and in line with preliminary figures. Core inflation rate came in at 0.9 percent, the same as in November and well below the ECB’s 2 percent target. The monthly index was flat.
Friday January 15 2016
Euro Area Trade Surplus Widens Slightly  
The Eurozone trade surplus increased to €23.6 billion in November of 2015 compared to a €20.2 billion surplus a year earlier. Exports recorded the highest annual gain in four months and imports rebounded.
Thursday January 14 2016
ECB Considered Bigger Rate Cut in December  
Some ECB policymakers were in favor of cutting the deposit facility rate by more than 10bps and expanding the volume of asset purchases, minutes from the last ECB monetary policy meeting showed. The ECB lowered the deposit facility by 10bps to -0.3 percent and extended its €60bn asset purchase program until at least March 2017 last month, disappointing markets that were expecting more aggressive easing measures.
Thursday January 07 2016
Euro Area Jobless Rate Down to 4-Year Low  
The seasonally-adjusted unemployment rate in the Eurozone decreased slightly to 10.5 percent in November of 2015 compared with previous month's downwardly revised level of 10.6 percent and from 11.5 percent reported in November of 2014. This was the lowest rate recorded since October of 2011.
Tuesday January 05 2016
Euro Area Inflation Rate Below Forecasts  
Consumer prices in the Eurozone are expected to edge up 0.2 percent year-on-year in December of 2015, the same as in the previous month but below market expectations, preliminary estimates showed. Core inflation which excludes prices of energy, food, alcohol and tobacco is expected to remain at 0.9 percent and excluding energy, the inflation rate slowed for the second month to 0.9 percent from 1 percent.
Wednesday December 16 2015
Euro Area Inflation Rate Revised Up to 0.2%  
Consumer prices in the Eurozone increased by 0.2 percent year-on-year in November of 2015, compared to a preliminary estimate of 0.1 percent and reaching its highest level since July this year, boosted by higher prices of vegetables and restaurants & cafés while cost of energy continued to drop. Core inflation rate was confirmed at 0.9 percent, down from a 2-year high of 1.1 percent in the previous month.
Wednesday December 16 2015
Euro Area Trade Surplus Widens in October  
The Eurozone trade surplus widened to €24.1 billion in October of 2015 from €22.4 billion a year earlier, as exports grew 1 percent while imports were nearly stable.
Monday December 14 2015
Euro Area Industrial Production Beats Expectations  
Industrial output in the Eurozone went up 1.9 percent year-on-year in October of 2015, higher than a downwardly revised 1.3 percent rise in the previous month. On a monthly basis, industrial output grew 0.6 percent, after falling in the previous two months, posting the highest gain since July.
Tuesday December 08 2015
Euro Area GDP Growth Confirmed at 0.3%  
The Eurozone economy advanced at a slower 0.3 percent on quarter in the three months to September of 2015, compared to a 0.4 percent expansion in the previous period and the lowest performance in a year, figures from the second estimate confirmed. Household consumption was the main driver of growth, offsetting a negative impact from external trade. The European Union GDP expanded 0.4 percent.
Friday December 04 2015
ECB Draghi Confident Euro Area Inflation to Rise  
The inflation in the Euro Area will return to 2 percent without undue delay because there can't be any limit to how far the central bank deploys its tools to achieve it, President Draghi said in a speech at the Economic Club of New York on December 4th, suggesting policymakers could set more stimulus packages in next meetings.
Thursday December 03 2015
ECB Unveils New Easing Measures  
The ECB left its benchmark refinancing rate unchanged at a record low 0.05% on December 3rd, 2015, but lowered the deposit facility by 10bps to -0.3 percent and extended its €60bn asset purchase program until at least March 2017.
Wednesday December 02 2015
Euro Area Inflation Rate Steady at 0.1%  
Consumer prices in the Eurozone are expected to edge up 0.1 percent year-on-year in November of 2015, the same as in October but below market expectations of a 0.2 percent gain. The inflation rate has been below the ECB’s 2 percent target since January of 2013.
Tuesday December 01 2015
Euro Area Unemployment Rate Beats Expectations  
The jobless rate in the Eurozone decreased slightly to 10.7 percent in October of 2015 from 10.8 percent in the previous two months. It is the lowest figure since January of 2012.
Thursday November 19 2015
ECB Says Inflation Risks Increased, Considers Further Stimulus  
Current monetary policy measures would need to be re-examined in December as negative risks to inflation have increased and some external forces are offsetting the central bank stimulus, minutes from the last ECB monetary policy meeting showed.
Monday November 16 2015
Euro Area Inflation Rate Slightly Higher than Expected  
Eurozone's annual inflation rate for October came in at 0.1 percent, higher than a preliminary estimate of 0 percent and -0.1 percent in September. Core inflation rate accelerated to 1.1 percent, the highest in more than two years.
Friday November 13 2015
Euro Area Trade Surplus Widens in September  
The Eurozone trade surplus widened to €20.2 billion in September of 2015 from €17.4 billion a year earlier, as exports grew 1 percent while imports dropped 1 percent.
Friday November 13 2015
Euro Area GDP Growth Below Expectations  
The Eurozone economy advanced 0.3 percent on quarter in the three months to September, slowing from a 0.4 percent rise in the previous period and below market forecasts. It is the weakest expansion in a year as GDP growth slowed in most countries including Germany and Italy while France expanded at a faster pace.
Thursday November 12 2015
Euro Area Industrial Output Rises 1.7% in September  
Industrial production in the Eurozone rose 1.7 percent year-on-year in September of 2015, from an upwardly revised 2.2 percent growth in the previous month and beating market consensus of 1.3 percent. On a monthly basis, however, output shrank by a higher-than-expected 0.3 percent, following a downwardly revised 0.4 percent drop and marking the second straight month of output contraction.
Thursday November 12 2015
ECB Ready to Act on Price Stability  
The ECB will re-examine its monetary policy measures in December and will use further instruments if necessary to bring inflation back to target, President Draghi said addressing the European Parliament’s Economic and Monetary Affairs Committee in Brussels. Draghi also showed further concerns over downside risks stemming from global growth and trade.
Friday October 30 2015
Euro Area Jobless Rate Lowest Since January 2012  
The seasonally-adjusted unemployment rate in the Eurozone decreased slightly to 10.8 percent in September of 2015 compared with previous month's downwardly revised level of 10.9 percent and from 11.5 percent reported in September of 2014. This was the lowest rate recorded since January of 2012.
Friday October 30 2015
Euro Area Inflation Rate at 0%  
Consumer prices in the Eurozone are expected to be flat year-on-year in October of 2015, after falling 0.1 percent in September. The inflation rate came in line with market expectations, remaining far away from the ECB’s 2 percent target.
Thursday October 22 2015
ECB Considers More Stimulus  
The ECB left its monetary policy unchanged during the meeting held on October 22nd, but signalled that it would review its asset-purchasing programme in December as stress in emerging markets and possible effects from volatility in the financial markets is posing a risk to the growth outlook.
Friday October 16 2015
Euro Area Trade Surplus Widens in August  
The Eurozone trade surplus widened to €11.2 billion in August of 2015 from €7.4 billion a year earlier, as exports surged 6 percent year-on-year while imports increased at a slower 3 percent.
Wednesday October 14 2015
Industrial Output in the Euro Area Disappoints  
Industrial production in the Eurozone rose 0.9 percent year-on-year in August of 2015, slowing from a downwardly revised 1.7 percent rise in the previous month and the lowest gain since April. Yet, compared to the previous month, the output shrank 0.5 percent, the fourth fall in eight months.
Thursday October 08 2015
ECB Lowers Growth Forecasts, Shows Concerns over China  
ECB policymakers expect the Euro Area economy to recover at a slower pace, hurt by a slowdown in China and emerging markets although they were not sure yet about the severity of the impact, minutes from last monetary policy meeting showed. GDP growth projections for the Euro Area were lowered to 1.4 percent in 2015, 1.7 percent in 2016 and 1.8 percent in 2017.
Friday October 16 2015
Deflation Returns to the Euro Area  
Consumer prices in the Eurozone fell for the first time in six months by an annual 0.1 percent in September, pushed down by energy prices and matching preliminary estimates. The inflation rate has been below the ECB's 2 percent target since February of 2013.
Wednesday September 30 2015
Euro Area Unemployment Rate Unchanged at 11%  
The seasonally-adjusted unemployment rate in the Eurozone remained unchanged at 11 percent in August of 2015 compared with previous month but lower compared to 11.5 percent reported in August of 2014.
Wednesday September 16 2015
Euro Area Inflation Rate Below Expectations  
The annual inflation rate in the Eurozone was 0.1 percent in August of 2015, slowing from 0.2 percent in the previous two months and the lowest since April. Final figures came below initial estimates of 0.2 percent, due to fall in prices of fuels, heating oil, milk, cheese and eggs.
Tuesday September 15 2015
Euro Area Trade Surplus Up to Fresh Record High  
The Eurozone trade surplus widened to €31.4 billion in July of 2015 from €21.2 billion a year earlier, jumping to a new record high. Exports surged 7 percent year-on-year while imports increased only 1 percent due to cheaper energy.
Monday September 14 2015
Euro Area Industrial Output Beats Forecasts  
Industrial output in the Eurozone rose 1.9 percent year-on-year in July of 2015 higher than an upwardly revised 1.5 percent gain in June. On a monthly basis, production went up for the first time in three months by 0.6 percent, boosted by higher volume of energy, capital and durable consumer goods.
Tuesday September 08 2015
Euro Area GDP Growth Revised Up  
The Eurozone economy expanded 0.4 percent on quarter in the three months to June of 2015, better than an initial estimate of 0.3 percent, boosted by higher exports and resilient consumer spending.
Thursday September 03 2015
ECB Leaves Rates Unchanged  
The ECB left its benchmark refinancing rate steady at a record low of 0.05% on September 3rd as widely expected. The central bank also revised down growth and inflation forecasts.
Tuesday September 01 2015
Euro Area Unemployment Rate at 3-1/2-Year Low  
The jobless rate in the Eurozone fell to 10.9 percent in July of 2015 from 11.1 percent in the previous three months. It is the lowest figure since February of 2012.
Monday August 31 2015
Euro Area Inflation Rate Stable in August  
Consumer prices in the Eurozone are expected to rise 0.2 percent year-on-year in August, the same as in the previous two months and well below the ECB's 2 percent.
Monday August 17 2015
Euro Area Trade Surplus at Record High  
The Eurozone trade surplus widened 65 percent over a year earlier to €26.4 billion in June of 2015, the highest surplus on record as exports rose at a faster pace than imports.
Friday August 14 2015
Euro Area Inflation Rate Steady at 0.2% in July  
Consumer prices in the Eurozone rose 0.2 percent year-on-year in July of 2015, from a 0.2 percent increase in June but in line with flash estimates. The slowdown in cost of fuel and heating oil was enough to offset positive impact that came from prices of restaurants and cafes and tobacco.
Friday August 14 2015
Euro Area GDP Growth Slows in Q2  
The Eurozone economy advanced only 0.3 percent in the second quarter of 2015, down from a 0.4 percent growth in the previous period and below markets expectations of 0.4 percent growth. German, Italian and Dutch expansion missed expectations while France stagnated.
Wednesday August 12 2015
Euro Area Industrial Production Rises in June  
Industrial production in the Eurozone increased 1.2 percent year-on-year in June, compared to 1.6 percent growth in May, but below market expectations. On a monthly basis, industrial output fell 0.4 percent, from a 0.2 percent contraction in the previous month.
Friday July 31 2015
Euro Area Unemployment Rate Unchanged at 11.1%  
The seasonally-adjusted unemployment rate in the Eurozone remained unchanged at 11.1 percent in June of 2015 compared with previous month but lower compared to 11.6 percent reported in June of 2014. It is the lowest in 3 years.
Friday July 31 2015
Euro Area Inflation Rate Stable in July  
Euro area consumer prices are expected to rise by 0.2% in July 2015, the same as in June 2015, according to a flash estimate from Eurostat. It is the third consecutive month with positive annual inflation rate. While cost of services rose the most in a year, energy prices declined further.
Thursday July 16 2015
ECB Leaves Rates on Hold, Raises ELA For Greece  
The ECB left its benchmark refinancing rate unchanged at a record low 0.05% and the asset purchase program on hold on July 16th as widely expected. The ECB also decided to raise the emergency liquidity assistance to Greek banks by €900 million over 1 week.
Thursday July 16 2015
Euro Area Inflation Rate Rises For Second Month  
Consumer prices in the Eurozone rose 0.2 percent year-on-year in June of 2015, easing from a 0.3 percent increase in May but in line with flash estimates. While lower prices of fuel, heating oil and gas contributed the most to the slowdown, biggest positive impact came from restaurants and cafes and tobacco.
Thursday July 16 2015
Euro Area Trade Surplus Widens in May  
The Eurozone trade surplus increased to € 18.8 billion in May of 2015 from a € 14.7 billion surplus a year earlier, as exports of goods were up 3 percent while imports were stable.
Tuesday July 14 2015
Euro Area Industrial Production Rises in May  
Industrial production in the Eurozone increased 1.6 percent year-on-year in May, compared to an upwardly revised 0.9 percent growth in April, but below market expectations. On a monthly basis, industrial output surprisingly fell 0.4 percent, from a 0.1 percent rise in the previous month.
Tuesday June 30 2015
Euro Area Inflation Rate Slows in June  
The inflation rate in the Eurozone is expected to be 0.2 percent in June, in line with market expectations but slowing from 0.3 percent in May, due to a steeper drop in energy prices.
Thursday July 16 2015
Euro Area Jobless Rate Remains At 3-Year Low  
The seasonally-adjusted unemployment rate in the Eurozone remained unchanged at 11.1 percent in May of 2015 compared with previous month but lower compared to 11.6 percent reported in May of 2014.
Wednesday June 17 2015
Euro Area Inflation Rate Confirmed at 0.3%  
Consumer prices in the Eurozone increased 0.3 percent year-on-year in May of 2015, up from 0 percent in April and in line with flash estimates. It is the first increase in six months, final figures confirmed.
Monday June 15 2015
Euro Area Trade Surplus at Record High  
The trade surplus in the Eurozone increased to €24.9 billion in April of 2015 from a € 14.9 billion surplus a year earlier. It is the highest surplus on record, due to a 9 percent surge in exports.
Friday June 12 2015
Euro Area Industrial Production Disappoints  
Industrial output in the Eurozone rose 0.8 percent year-on-year in April, slowing from an upwardly revised 2.1 percent gain in March and below market expectations. Compared with the previous month, production edged up a meager 0.1 percent.
Tuesday June 09 2015
Euro Area GDP Growth Confirmed at 0.4%  
The Eurozone economy expanded 0.4 percent on quarter in the first three months of 2015, matching preliminary estimates. Household consumption and investment were the main drivers of growth, final figures showed.
Wednesday June 03 2015
ECB Leaves Rates on Hold  
The European Central Bank left its benchmark refinancing rate unchanged at a record low 0.05 percent on June 3rd as widely expected and confirmed its projections for the economic growth at 1.5 percent in 2015 and 1.9 percent in 2016.
Wednesday June 03 2015
Euro Area Unemployment Rate at 3-Year Low  
The seasonally-adjusted jobless rate in the Eurozone decreased to 11.1 percent in April 2015 from a downwardly revised 11.2 percent in March and 11.7 percent in April 2014.
Tuesday June 02 2015
Euro Area Inflation Rate at 6-Month High  
Euro area annual inflation is expected to be 0.3 percent in May 2015, the highest since November last year and above market expectations. Cost of services and unprocessed food were the main contributors to the rise in the CPI, flash estimates showed.
Friday May 22 2015
ECB Urges for Structural Reforms  
ECB President Mario Draghi said structural reforms that reverse the downward drift in potential growth are now vital for the Euro Area and encouraged governments to take further steps to reform their economies in a speech at the ECB annual forum.
Thursday May 21 2015
ECB Says QE Working  
The ECB considers its bond-buying program is working as intended but stressed a strong signal needs to be sent to Euro Area governments urging them to press with structural reforms, minutes from latest April meeting showed.
Tuesday May 19 2015
ECB Pledges to Increase Bond Buying in May and June  
The ECB would increase asset purchases in May and June to account for lower market liquidity in the summer holidays in July and August, Benoît Cœuré an executive board member said during the speech in London on May 18th.
Tuesday May 19 2015
Euro Area Trade Surplus Widens in March  
The Eurozone trade surplus increased to € 23.4 billion in March of 2015 from a € 16.1 billion surplus a year earlier, as exports of goods were up 11 percent and imports grew at a slower 7 percent.
Tuesday May 19 2015
Euro Area Inflation Rate Flat in April  
Consumer prices in the Eurozone were unchanged year-on-year in April after falling in the previous four months and matching preliminary estimates. Monthly inflation slowed to 0.2 percent.
Wednesday May 13 2015
Euro Area Industrial Production Rises in March  
Industrial production in the Eurozone increased 1.8 percent year-on-year in March, down from a revised 1.9 percent growth in February, as expected. On a monthly basis, industrial output surprisingly fell 0.3 percent, from a revised 1.0 percent rise in the previous month.
Wednesday May 13 2015
Euro Area GDP Growth at 0.4% in Q1  
The Eurozone economy advanced 0.4 percent in the first three months of 2015, up from a 0.3 percent growth in the previous period. It is the biggest gain in seven quarters, preliminary estimates showed.
Thursday April 30 2015
Euro Area Deflation Ends  
Prices in the Eurozone are expected to be flat in the year to April after four months of deflation. Food prices rose while energy cost fell at a slower pace.
Thursday April 30 2015
Euro Area Unemployment Rate Unchanged at 11.3%  
The Euro Area seasonally-adjusted unemployment rate was 11.3% in March, stable compared with February 2015 but down from 11.7% in March 2014.
Friday April 17 2015
Euro Area Inflation Rate Confirmed at -0.1%  
Eurozone consumer prices fell 0.1 percent year-on-year in March, slowing from a 0.3 percent drop in February and matching preliminary estimates. Monthly inflation accelerated to 1.1 percent, the highest in two years.
Wednesday April 15 2015
ECB Leaves Rates on Hold  
The European Central Bank left its benchmark interest rate unchanged at a record low 0.05 percent on April 15th as widely expected. Policymakers also said the bond-buying program will be maintained as there's clear evidence it is effective.
Wednesday April 15 2015
Euro Area Trade Surplus Widens in February  
The Eurozone trade surplus increased to € 20.3 billion in February of 2015 from a revised € 7.6 billion in January and a € 14.4 billion surplus a year earlier. Exports rose 4 percent year-on-year helped by a weak Euro while imports were flat.
Tuesday April 14 2015
Euro Area Industrial Production Beats Expectations  
Industrial production in the Eurozone increased 1.6 percent year-on-year in February, up from a revised 0.4 percent rise in January and better than market expectations. On a monthly basis, industrial output went up 1.1 percent, the highest gain in ten months.
Tuesday March 31 2015
Euro Area Price Decline Slows  
Prices in the Eurozone are expected to fall only 0.1 percent year-on-year in March of 2015, easing from a 0.3 percent drop in February. Energy cost decreased at a slower pace while food prices increased.
Tuesday March 31 2015
Euro Area Unemployment Rate Down to 11.3%  
The Euro Area seasonally-adjusted unemployment rate was 11.3 percent in February, down from a revised 11.4 percent in January. This is the lowest rate since May 2012.
Wednesday March 18 2015
Euro Area Trade Surplus Widens in January  
The trade surplus in Eurozone increased to €7.9 billion in the first month of 2015 from a €0.83 billion surplus a year earlier. While exports showed no growth, imports fell 6 percent.
Tuesday March 17 2015
Euro Area Inflation Rate Confirmed at -0.3%  
Consumer prices in Euro Area declined by 0.3 percent in February, compared to a 0.6 percent fall in the previous month and matching preliminary estimates. Yet, core inflation edged up due to higher rent cost.
Thursday March 12 2015
Euro Area Industrial Production Gains 1.2% in January  
Factory output in the Eurozone rose 1.2 percent year-on-year in January of 2015 compared with a 0.6 percent increase reported in December. Yet, on a monthly basis, industrial production unexpectedly shrank 0.1 percent.
Friday March 06 2015
Euro Area GDP Growth Confirmed at 0.3%  
The Eurozone advanced 0.3 percent on quarter in the last three months of 2014, slightly up from a 0.2 percent expansion in the previous period. The second estimate matched preliminary figures and showed household expenditure was the main driver of growth.
Thursday March 05 2015
ECB to Start QE on March 9th  
The ECB will start purchasing euro-dominated public sector securities in the secondary market on March 9th 2015 and continue to purchase asset-backed securities and covered bonds started in 2014.
Monday March 02 2015
Euro Area Unemployment Lowest in Almost 3 Years  
The Euro area seasonally-adjusted unemployment rate was 11.2 percent in January of 2015, down from a revised 11.3 percent in December 2014, and from 11.8 percent in January 2014. It is the lowest rate since April 2012.
Monday March 02 2015
Euro Area Deflation Slows  
Prices in the Eurozone fell 0.3 percent year-on-year in February, following a 0.6 percent drop in the previous month. Energy cost is expected to decrease at a slower pace while food prices increased.
Tuesday February 24 2015
Euro Area Inflation Rate at 5-1/2-Year Low  
Eurozone annual inflation was -0.6 percent in January 2015, down from -0.2 percent in December, the lowest since July of 2009. Consumer prices in all member states except Malta and Austria decreased.
Thursday February 19 2015
ECB QE Program Supported by Large Majority  
ECB’s quantitative easing program was supported by a large majority of voters, the first-ever minutes of a meeting revealed. Policymakers also showed concerns over low inflation.
Monday February 16 2015
Euro Area Trade Surplus Hit Record High  
The Eurozone recorded a €24.3 billion surplus in December of 2014, up from a revised € 21.2 billion in the previous month and a € 13.6 billion surplus a year earlier. It is the highest surplus on record due to a surge in exports.
Friday February 13 2015
Euro Area Economy Grows More Than Expected  
The Eurozone GDP advanced 0.3 percent on quarter in the last three months of 2014, faster than a 0.2 percent rise in the previous period. Preliminary estimates showed expanison in Germany and Spain accelerated while France barely grew and Italy stagnated.
Thursday February 12 2015
Euro Area Industrial Production Falls in December  
Eurozone industrial output shrank 0.2 percent year-on-year in December, after declining a revised 0.8 percent in November driven by lower energy production.
Friday January 30 2015
Euro Area Falls Further Into Deflation  
Prices in the Eurozone are expected to decline 0.6 percent year-on-year in January, following a 0.2 percent drop in the previous month. It is the lowest figure since mid-2009 and below expectations due to a fall in fuel cost.
Friday January 30 2015
Euro Area Unemployment Rate The Lowest Since August 2012  
The Euro Area seasonally-adjusted unemployment rate was 11.4% in December 2014, down from 11.5% in November 2014, and from 11.8% in December 2013 as number of unemployed fell.
Thursday January 22 2015
ECB Will Buy 60 Billion Euros of Assets a Month  
The European Central Bank announced an asset purchase plan of 60 Billion euros a month and left key interest rates unchanged at record low on January 22nd. The QE programme came bigger than expected, aiming to boost growth and fight low inflation.
Monday January 19 2015
ECB Quantitative Easing Can’t Save the Eurozone  
The ECB is likely to launch purchases of sovereign bonds later this week. The action may kick-start demand and fight deflation in the short term but its impact on growth and inflation is likely to be limited, according to a paper published by the Open Europe.
Friday January 16 2015
Euro Area Inflation Rate Confirmed at -0.2%  
Eurozone annual inflation rate was recorded at -0.2 percent in December, matching preliminary estimates. It is the first fall in consumer prices since September of 2009, due to a drop in energy cost.
Thursday January 15 2015
Euro Area Reports €20 Billion Trade Surplus in November  
The Eurozone recorded a €20 billion surplus in November of 2014, down from record high of €24 billion in previous month but up compared to €16.5 billion surplus a year earlier.
Friday January 16 2015
Euro Area Industrial Production Falls in November  
Eurozone industrial output decreased 0.4 percent year-on-year in November, after rising a revised 0.8 percent in the previous month, hurt by lower energy output. On a monthly basis, total production expanded 0.2 percent.
Wednesday January 07 2015
Euro Area Falls Into Deflation  
Eurozone annual inflation rate is expected to be -0.2 percent in December, down from 0.3 percent in November, provisional estimates from Eurostat showed. It is the first fall in consumer prices since October of 2009, driven by decline in energy cost.
Wednesday January 07 2015
Euro Area Unemployment Rate Steady at 11.5%  
The Euro Area seasonally-adjusted unemployment rate was 11.5% in November, unchanged since June of 2014 and the lowest since September of 2012.
Wednesday December 17 2014
Euro Area Inflation Rate Confirmed at 0.3%  
Euro area annual inflation slowed to 0.3 percent in November from 0.4 percent in October, matching preliminary estimates and driven by a fall in energy prices.
Tuesday December 16 2014
Euro Area Trade Surplus Widens to Record High  
Eurozone trade surplus increased to € 24 billion in October of 2014 from a € 16.5 billion surplus a year earlier, driven by higher exports. It is the highest surplus on record.
Friday December 12 2014
Euro Area Industrial Production Up 0.7%  
Eurozone industrial output rose 0.7 percent year-on-year in October, following a revised 0.2 percent increase in the previous month boosted by production of consumer goods. On a monthly basis, production expanded 0.1 percent.
Friday December 05 2014
Euro Area Economy Expands 0.2% in Q2  
The Eurozone GDP growth was confirmed at 0.2 percent in the third quarter of 2014, up from a 0.1 percent expansion reported from April to June. Household and government expenditure kept the economy growing while investments and external trade contributed negatively to the expansion.
Thursday December 04 2014
ECB Keeps Rates on Hold  
The European Central Bank kept interest rates unchanged at record lows and said that monetary stimulus, the expansion of the balance sheet and the outlook for price developments will be only reassess early next year. The bank has also sharply lowered its economic growth forecasts, and stressed that the risks remain on the "downside".
Friday November 28 2014
Euro Area Inflation Rate Dips in November  
Eurozone annual inflation is expected to be 0.3 percent in November of 2014, down from 0.4 percent in October. Flash estimates from the Eurostat showed energy prices fell further.
Friday November 28 2014
Euro Area Unemployment Rate Stable at 11.5%  
The Euro Area seasonally-adjusted unemployment rate was 11.5% in October, unchanged from the 4 previous months, but down from 11.9% in October 2013. This is the lowest level since September of 2012. The youth unemployment rate rose to 23.5%.
Monday November 17 2014
ECB Considers Buying Sovereign Bonds  
The European Central Bank pledged it is ready to buy government bonds if inflation in the Euro Area fails to rise as anticipated, president Mario Draghi said in a speech during the European Parliament’s Economic and Monetary Affairs Committee meeting.
Monday November 17 2014
Euro Area Trade Surplus Widens in September  
The Eurozone trade surplus increased 71.3 percent year-on-year to € 18.5 billion in September of 2014, driven by a surge in exports.
Friday November 14 2014
Euro Area GDP Growth Above Expectations  
The Eurozone economy advanced 0.2 percent in the third quarter of 2014, up from a 0.1 percent expansion reported from April to June. Preliminary figures came in better than expected, as GDP accelerated in France and Germany avoided recession.
Friday November 14 2014
Euro Area Inflation Rate Up 0.4% in October  
Prices in the Euro Area went up by 0.4 percent in October of 2014 compared with the same month a year earlier. The highest inflation rates were reported in Austria, Finland and Germany while Greece and Spain remained in deflation.
Wednesday November 12 2014
Euro Area Industrial Production Rebounds in September  
Eurozone industrial production rose 0.6 percent year-on-year in September, following a revised 0.5 percent drop in August, due to higher production of capital goods and non-durable consumer goods. On a monthly basis, production rose 0.6 percent .
Thursday November 06 2014
ECB Leaves Rates Unchanged  
The European Central Bank left its benchmark interest rate unchanged at a record low 0.05 percent on November 6th. Policymakers also said further stimulus measures were being prepared for use if needed.
Friday October 31 2014
Euro Area Inflation Rate Accelerates Slightly in October  
Euro area annual inflation is expected to be 0.4 percent in October of 2014, up from 0.3 percent in September, according to a flash estimate from Eurostat. Yet, core inflation rate slowed for the second straight month.
Friday October 31 2014
Euro Area Unemployment Rate Unchanged at 11.5%  
The Euro Area seasonally-adjusted unemployment rate was 11.5 percent in September, stable compared with the previous three months. This is the lowest level since September of 2012. The youth unemployment rate fell to 23.3 percent.
Monday October 27 2014
25 Banks Fail ECB Stress Test  
On October 26th, 2014 the European Central Bank published the results of a year-long examination of the resilience of the 130 largest banks in the euro area as of 31 December 2013. The so-called stress tests found a capital shortfall of € 25 billion at 25 banks.
Friday October 17 2014
Euro Area GDP Growth Revised Up  
The Eurozone economy advanced 0.1 percent in the second quarter of 2014, stronger than previously estimated and due to changes in the GDP calculating methods introduced by the Eurostat. Annual growth figures were also revised upwards.
Thursday October 16 2014
Eurozone Trade Surplus Widens in August  
The first estimate for the euro area trade in goods balance with the rest of the world in August 2014 gave a €9.2 billion surplus, compared with +€7.3 billion in August 2013. Yet, compared with the previous month, the trade surplus narrowed 57 percent.
Thursday October 16 2014
Euro Area Inflation Rate Down to 5-Year Low in September  
Euro Area annual inflation was 0.3 percent in September, down from 0.4 percent in August. This is the lowest rate recorded since October 2009. In September 2013 the rate was 1.1 percent.
Tuesday October 14 2014
Euro Area Industrial Production Disappoints  
Euro Area industrial output contracted 1.9 percent year-on-year in August of 2014, following a revised 1.6 percent increase in July. It is the first annual drop in a year mainly due to a contraction in capital goods and energy production.
Thursday October 02 2014
ECB Leaves Rates on Hold, Shifts to Asset Buying  
The European Central Bank left its benchmark interest rate on hold at 0.05 percent at its October 2nd meeting, following a 10 bps cut last month. Policymakers also decided to unveil the specifics of a plan to buy asset-backed securities and covered bonds.
Tuesday September 30 2014
Euro Area Unemployment Rate Steady at 11.5%  
The euro area seasonally-adjusted jobless rate was 11.5 percent in August 2014, stable compared with July 2014, but down from 12.0 percent in August 2013. The EU 28 unemployment rate was 10.1 percent in August 2014, the lowest value since February 2012.
Tuesday September 30 2014
Euro Area Inflation Rate Slows in September  
Euro Area annual inflation rate is expected to slow to 0.3 percent in September from 0.4 percent in August. It is the lowest rate since October of 2009.
Wednesday September 17 2014
Euro Area Inflation Rate Revised Up to 0.4%  
Euro Area annual inflation was 0.4 percent in August, the same rate recorded in July and up from a preliminary estimate of 0.3 percent. The largest upward pressure came from prices of restaurants and cafes.
Monday September 15 2014
Euro Area Trade Surplus Widens in July  
The first estimate for the euro area trade in goods balance with the rest of the world in July of 2014 gave a €21.2 billion surplus, compared with +€18.0 billion a year earlier. Exports rose 3 percent while imports increased at a slower 1 percent.
Friday September 12 2014
Euro Area Industrial Production Rebounds in July  
Euro Area industrial output rose 1 percent in July, following a revised 0.3 percent drop in June, driven by higher production of capital and non-durable goods. Year-on-year, industrial output grew 2.2 percent.
Friday September 05 2014
Euro Area Economy Stalls in Q2  
Euro Area seasonally adjusted GDP stagnated in the April to June period, according to second estimates released by Eurostat and matching the advance figures. A rise in household consumption was not enough to offset falling investment and inventories. In the EU 28 the GDP rose by 0.2 percent.
Thursday September 04 2014
ECB Cuts Rates to Record Low  
At its September 4th meeting, the European Central Bank lowered the main refinancing rate by 10 bps to 0.05 percent and cut the deposit facility rate to -0.2 percent from -0.1 percent. The ECB also announced it would start buying securitized debt and covered bonds to ease the flow of bank funding to the economy.
Friday August 29 2014
Euro Area Inflation Rate Continues to Slow  
Euro area annual inflation is expected to be 0.3 percent in August, down from 0.4 percent in July, according to a flash estimate from Eurostat. It is the lowest rate since October of 2009.
Friday August 29 2014
Euro Area Unemployment Unchanged at 11.5%  
In July, the Euro Area seasonally-adjusted unemployment rate was 11.5 percent, unchanged from June and at the lowest level since September of 2012. Youth jobless rate edged up to 23.2 percent.
Friday August 22 2014
ECB President Urges for Structural Reforms  
In a speech during the Economic Symposium in Jackson Hole, ECB President Mario Draghi showed concerns over high unemployment in the Euro Area and said that the strategy to reduce it has to involve both the euro area and governments.
Monday August 18 2014
Euro Area Trade Surplus At 7-Month High  
The first estimate for the euro area trade in goods balance in June of 2014 gave a € 16.8 billion surplus, compared with a € 15.7 billion surplus a year earlier. Exports rose 3 percent while imports increased at a slower 2 percent.
Thursday August 14 2014
Euro Area GDP Growth Halts in Q2  
Euro Area seasonally adjusted GDP remained stable in the second quarter of 2014, compared with the previous quarter, according to the flash estimate. Strong numbers in Spain and Netherlands were not enough to offset shrinking growth in Germany and Italy and stagnant France.
Thursday August 14 2014
Euro Area Inflation Confirmed at 5-Year Low in July  
In July, Euro Area annual inflation was 0.4 percent, down from 0.5 percent in June and 1.6 percent in July of 2013. This is the lowest annual inflation rate since October 2009.
Thursday August 07 2014
ECB Keeps Rates at Record Low  
The European Central Bank held its benchmark interest rate at the record low of 0.15 percent for the second month in a row in spite of the weakness of the recovery in the Euro Zone and the threat of a deflation.
Thursday July 31 2014
Euro Zone Inflation Drops to Near 5-Year Low  
Consumer prices in Euro Area rose by 0.4 percent on the year in July, the weakest annual increase since October 2009, according to a flash estimate from Eurostat.
Thursday July 31 2014
Euro Area Unemployment Edges Down to 11.5% in June  
The Euro Area seasonally-adjusted unemployment rate was 11.5 percent in June 2014, down by 0.1 percentage points compared with May 2014, the lowest level since September of 2012. Youth jobless rate fell to 23.1 percent.
Thursday July 17 2014
Euro Area Inflation Rate Confirmed at 0.5%  
Euro area annual inflation was 0.5 percent in June 2014, stable compared with May, but lower than 1.6 percent a year earlier. Monthly inflation was 0.1 percent in June.
Wednesday July 16 2014
Euro Area Trade Surplus Widens for Second Straight Month  
The first estimate for the euro area trade in goods balance with the rest of the world in May of 2014 gave a €15.4 billion surplus, compared with a €14.6 billion surplus a year earlier as exports rose marginally and imports fell slightly.
Monday July 14 2014
Euro Area Industrial Production Slows in May  
Euro Area industrial output rose 0.5 percent year-on-year in May, slowing from a 1.4 percent increase in April, due to a fall in consumer goods and energy production. On a monthly basis, industrial output fell 1.1 percent.
Thursday July 03 2014
ECB Leaves Rates on Hold  
At its July 3rd meeting, the European Central Bank left its key refinancing rate on hold at 0.15 percent, following last month’s cut, despite persistently low inflation.
Tuesday July 01 2014
Euro Area Jobless Rate at 11.6% in May  
The Euro Area seasonally-adjusted unemployment rate was 11.6 percent in May 2014, stable compared with April 2014 but down from 12.0 percent in May 2013.
Monday June 30 2014
Euro Area Inflation Rate Stable in June  
Euro area annual inflation is expected to be 0.5 percent in June of 2014, stable compared with May. While food prices fell, cost of services and energy accelerated.
Monday June 16 2014
Euro Area Inflation Slowdown Confirmed in May  
Euro area annual inflation was 0.5 percent in May of 2014, down from 0.7 percent in April and unchanged from the preliminary estimates. A year earlier the inflation rate was 1.4 percent.
Friday June 13 2014
Euro Area Trade Surplus Widens in April  
The first estimate for the euro area trade in goods balance with the rest of the world in April 2014 gave a 15.7 billion euro surplus, compared with +14.0 billion in April 2013 as imports decreased less than exports.
Thursday June 12 2014
Euro Area Industrial Production Beats Expectations  
Euro Area industrial output rose 1.4 percent year-on-year in April, boosted by a surge in production of non-durable consumer goods. On a monthly basis, industrial production rose 0.8 percent, the strongest expansion in five months.
Thursday June 05 2014
ECB Cuts Rates to Record Low  
At its June 5th meeting, the European Central Bank cut the main refinancing rate by 10 bps to 0.15 percent and the deposit rate to -0.1 percent, becoming the first major central bank to use negative interest rates.
Wednesday June 04 2014
Euro Area GDP Growth Slows in Q1  
The Euro Area economy advanced 0.2 percent quarter-on-quarter in the first three months of 2014, slowing from a revised 0.3 percent expansion in the previous quarter and matching initial estimates. Growth was mainly driven by household consumption, while exports and investment slowed sharply.
Tuesday June 03 2014
Euro Area Inflation Rate Slows to 0.5%  
Euro Area annual inflation is expected to ease to 0.5 percent in May of 2014, from 0.7 percent in April. Energy prices showed no decline for the first time in five months, which was not enough to offset a slowdown in cost of food and services.
Tuesday June 03 2014
Euro Area Unemployment Edges Down to 16-Month Low  
In April, the Euro Area seasonally-adjusted unemployment rate was 11.7 percent, down from 11.8 percent in March and from 12.0 percent in April of 2013. This is the lowest value since December of 2012. The youth unemployment rate was 23.5 percent, down from 23.9 percent a year earlier.
Friday May 16 2014
Euro Area Trade Surplus Narrows in March  
The first estimate for the Euro Area trade balance gave a € 17.1 billion surplus in March of 2014 down from a € 21.9 billion surplus a year earlier, mainly due to a fall in exports.
Thursday May 15 2014
Euro Area Inflation Rises Slightly in April  
In April, Euro Area annual inflation rate was 0.7 percent, only slightly up from its 5-year low of 0.5 percent in March. A year earlier the rate was 1.2 percent.
Thursday May 15 2014
Euro Area Recovery Fails to Gather Momentum  
Euro Area GDP advanced 0.2 percent in the first quarter of 2014, the same rate recorded in the previous period and below market expectations. While Germany posted strong growth, France stagnated and Italy contracted.
Wednesday May 14 2014
Euro Area Industrial Output Contracts in March  
Euro Area industrial production unexpectedly fell 0.1 percent year-on-year in March, hurt by a drop in energy output. On a monthly basis, industrial production shrank 0.3 percent.
Thursday May 08 2014
ECB Leaves Rates on Hold, Hints Monetary Loosening in June  
At its May 8th meeting, the European Central Bank left its main interest rate unchanged at 0.25 percent for the sixth month in a row. However, during the press conference, ECB President Draghi said the bank may loosen monetary policy next month to combat persistently low inflation in the eurozone.
Friday May 02 2014
Euro Area Unemployment Rate at 11.8%  
The euro area seasonally-adjusted unemployment rate was 11.8 percent in March 2014, unchanged from a downward revised 11.8 percent in February and stable since December 2013. It was 12.0 percent in March 2013.
Wednesday April 30 2014
Euro Area Inflation Picks Up in April  
Euro Area annual inflation is expected to be 0.7 percent in April of 2014, up from 0.5 percent in March, but below market expectations.
Wednesday April 16 2014
Euro Area Inflation Rate Confirmed at 0.5% in March  
Euro area annual inflation was 0.5 percent in March of 2014, matching initial estimates and slowing from 0.7 percent in February. On a monthly basis, prices increased 0.9 percent, up from 0.3 percent in the previous month.
Tuesday April 15 2014
Euro Area Trade Surplus Widens in February On Rising Exports  
The first estimate for the Euro Area trade in goods balance with the rest of the world in February of 2014 gave a € 13.6 billion surplus, compared with € +9.8 bn in February of 2013. The January 2014 balance was € +0.8 bn.
Monday April 14 2014
Euro Area Industrial Production Up 1.7% YoY  
In February of 2014, Euro Area industrial output advanced 1.7 percent on a yearly basis, slightly up from a revised 1.6 percent growth rate in January. On a monthly basis, industrial production rose 0.2 percent, rebounding from a revised flat growth in the previous month.
Thursday April 03 2014
ECB Holds Rates Steady  
At its April 3rd meeting, the ECB left the benchmark interest rate unchanged at a record low 0.25 percent, as widely expected, despite deflation fears. The interest rate on the marginal lending facility and the deposit facility were also left unchanged at 0.75 percent and 0.00 percent, respectively.
Wednesday April 02 2014
Euro Area GDP Growth Revised Down in Q4  
The Euro Area economy advanced 0.2 percent in the last quarter of 2013, according to the third estimate released by the Eurostat. The final figure comes below a 0.3 percent expansion earlier reported, as growth of exports and imports was revised.
Tuesday April 01 2014
Euro Area Unemployment Rate Steady in February  
The euro area seasonally-adjusted unemployment rate was 11.9 percent in February 2014, unchanged from a downward revised 11.9 percent in January and steady since October of 2013. It was 12.0 percent in February of 2013.
Monday March 31 2014
Euro Area Inflation Rate Slows Again in March  
Euro Area annual inflation is expected to be 0.5 percent in March of 2014, down from 0.7 percent in February, according to a flash estimate. It is the lowest rate since November of 2009.
Tuesday March 18 2014
Euro Area Trade Surplus Narrows in January  
Euro Area recorded a € 900 million trade surplus in January of 2014, compared with a € 13.8 billion surplus a month earlier, as imports surged 8.6 percent. January's reading is above the € 5.4 billion deficit recorded in the same month last year.
Monday March 17 2014
Euro Area Inflation Rate Back to 0.7% in February  
Euro Area annual inflation came back to a 4-year low of 0.7 percent in February of 2014, revised downwards from a preliminary 0.8 percent. On a monthly basis, prices increased 0.3 percent.
Wednesday March 12 2014
Euro Area Industrial Production Up 2.1% YoY in January  
Euro Area industrial output rose at a faster-than-expected 2.1 percent over a year earlier in January of 2014, compared with a 0.5 percent rise in the previous month. On a monthly basis, production shrank for the second straight month by 0.2 percent on falling energy output.
Thursday March 06 2014
ECB Keeps Monetary Policy on Hold  
At its March 6th meeting, the ECB left main rates unchanged for the fourth month in a row in spite of inflation running at less than half its target of 2 percent.
Wednesday March 05 2014
Euro Area GDP Growth Confirmed at 0.3%  
In the last quarter of 2013, Euro Area’s GDP growth accelerated to 0.3 percent over the previous quarter, matching initial estimates and boosted by investment and exports. The figure compares with 0.1 percent growth in the previous three-month period.
Friday February 28 2014
Euro Area Unemployment Rate Stable at 12% in January  
The euro area (EA18) seasonally-adjusted unemployment rate was 12.0% in January 2014, stable since October 2013. It was also 12.0% in January 2013.
Friday February 28 2014
Euro Area Inflation Rate Stable at 0.8%  
In February of 2014, Euro Area annual inflation is expected to be 0.8 percent, unchanged from the previous two month’s figures. Prices remain less than half the ECB target of just under 2 percent.
Monday February 24 2014
Euro Area Inflation Rate at 0.8% in January  
Euro Area annual inflation was 0.8 percent in January of 2014, unchanged from December’s rate, but revised upwards from a preliminary estimate of 0.7 percent. On a monthly basis, prices dropped to a new record low of -1.1 percent, due to a fall in cost of non-energy industrial goods.
Friday February 14 2014
Euro Area Trade Surplus Narrows in December  
In December, Euro Area trade surplus narrowed to €13.9 billion from a revised €17.0 billion in the previous month but was up from €9.8 billion a year earlier. During 2013, Euro Area trade in goods recorded a surplus of €153.8 billion, compared with €79.7 billion in 2012.
Friday February 14 2014
Euro Area GDP Beats Expectations  
Euro Area GDP advanced 0.3 percent in the last quarter of 2013, according to flash estimates, as France, Germany, the Netherlands and Portugal showed better-than-expected growth rates and the Italian economy returned to growth.
Wednesday February 12 2014
Euro Area Industrial Production Unexpectedly Slows in December  
In December of 2013, Euro Area industrial production grew at a slower pace of 0.5 percent yoy, after rising by a revised 2.8 percent in the previous month. On a monthly basis, industrial output shrank 0.7 percent due to falling production of energy and capital goods.
Thursday February 06 2014
ECB Leaves Rates on Hold  
The Governing Council of the ECB decided on February 6th to keep rates on hold for the third straight meeting, despite a fresh fall in inflation in January. The interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility were left on hold at 0.25%, 0.75% and 0.00% respectively.
Friday January 31 2014
Euro Area Inflation Rate Falls in January  
Euro area annual inflation is expected to be 0.7 percent in January of 2014, down from 0.8 percent in December last year, due to lower energy prices. The ECB targets the inflation at 2 percent.
Friday January 31 2014
Euro Area Unemployment Rate at 12% in December  
The Euro Area unemployment rate was 12.0 percent in December of 2013, stable since October. It was 11.9 percent in December of 2012. The EU28 jobless rate was 10.7 percent in December, down from 10.8 percent in November. Eurostat estimates that 26.200 million men and women in the EU 28, of whom 19.010 million were in the euro area, were unemployed in December 2013.
Thursday January 16 2014
Euro Area Prices Slowdown Confirmed in December  
In December of 2013, Euro Area inflation rate was confirmed at 0.8 percent, down from 0.9 percent in November. The slowdown can be attributed to a change in the method of computing the inflation in Germany. Monthly inflation was 0.3 percent. In the European Union, annual inflation was 1 percent.
Wednesday January 15 2014
Euro Area Trade Surplus Increases in November on Falling Imports  
In November of 2013, Euro Area trade surplus widened to € 17.1 billion, up from a revised € 16.8 billion in the previous month and € 12.5 billion a year earlier. Non-seasonally adjusted exports fell by 2.2 percent on the year to € 160.8 billion, while imports shrank by 5.5 percent to € 143.7 billion. Extra-EU 28 trade balance was a € 3.4 billion surplus.
Tuesday January 14 2014
Euro Area Industrial Production Up to 2-Year High  
In November of 2013, Euro Area industrial production rose by an annual 3 percent, the highest growth rate in more than two years, boosted by higher production of capital and intermediate goods. On a monthly basis, industrial output expanded at a faster-than-expected 1.8 percent.
Thursday January 09 2014
ECB Leaves Monetary Policy Unchanged in January  
The Governing Council of the ECB decided on January 9th to keep rates on hold for the second straight meeting, in spite of a fall in inflation rate.
Wednesday January 08 2014
Euro Area Unemployment Rate Flat in November  
In November of 2013, Euro Area’s jobless rate remained stable at 12.1 percent. Youth unemployment fell slightly to 24.2 percent from 24.4 percent in October.
Tuesday January 07 2014
Euro Area Inflation Rate Slows in December  
In December of 2013, Euro area annual inflation surprisingly fell to 0.8 percent after a small increase in the previous month, according to a flash estimate released by the Eurostat. Inflation a year ago was recorded at 2.2 percent.
Tuesday December 17 2013
Euro Area Inflation Rate Accelerates to 0.9% in November  
In November of 2013, Euro Area's annual inflation rate was confirmed at 0.9 percent, up from 0.7 percent in October. Monthly inflation was -0.1 percent.
Monday December 16 2013
Euro Area Trade Surplus Widens 57% MoM in October  
In October of 2013, Euro Area's trade surplus in goods rose to 17.2 billion €, compared with 9.6 bn € in October of 2012 and 10.9 bn € a month earlier. From September to October, exports rose 8.8 percent to 172.2 billion € while imports grew 5.2 percent to 154.9 billion €. Extra-EU28 trade balance was a 4.3 bn € surplus, compared with -10.2 bn a year earlier and a deficit of -0.7 bn € in September.
Thursday December 12 2013
Euro Area October Industrial Production Weaker Than Expected  
In October of 2013, industrial production increased by an annual 0.2 percent in the Euro Area, the same rate recorded in September and below market expectations. On a monthly basis, industrial output fell sharply by 1.1 percent.
Thursday December 05 2013
ECB Leaves Rates on Hold in December  
The Governing Council of the ECB decided on December 5th 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 0.25 percent, 0.75 percent and 0.00 percent respectively.
Wednesday December 04 2013
Euro Area Slower Growth Confirmed in Q3  
In the third quarter of 2013, the GDP in the EU 17 advanced 0.1 percent over the previous quarter, down from 0.3 percent in the previous three-month period, according to second estimates published by Eurostat, hurt by weak exports. EU 28 GDP grew 0.2 percent.
Friday November 29 2013
Euro Area Unemployment Rate at 12.1% in October  
In October of 2013, Euro Area's seasonally-adjusted jobless rate reached 12.1 percent, slightly down from 12.2 percent in September, but higher than 11.7 percent a year earlier. Youth unemployment rate kept its upward trend and climbed to 24.4 percent.
Friday November 29 2013
Euro Area Inflation Rate Up to 0.9% in November  
In November, Euro Area’s consumer prices are expected to rise 0.9 percent on an annual basis, from 0.7 percent in October and 2.2 percent in November last year. Energy prices are expected to decrease again, but at a slower pace than in the previous month.
Monday November 18 2013
Euro Area Trade Surplus Widens in September  
In September of 2013, Euro Area’s trade surplus in goods increased to €13.1 billion, from €8.6 billion a year earlier. Exports rose by a non seasonally adjusted 2.7 percent on an annual basis, while imports remained unchanged.
Friday November 15 2013
Euro Area Inflation Rate Confirmed at 0.7% in October  
In October, Euro Area’s inflation rate slowed to 0.7 percent on an annual basis, down from 1.1 percent in September and 2.5 percent a year ago. The slowdown is mainly due to lower food cost and a drop in energy prices.
Thursday November 14 2013
Euro Area GDP Growth Slows to 0.1% QoQ in Q3  
In the third quarter of 2013, the GDP in the EU 17 expanded 0.1 percent over the previous quarter, down from 0.3 percent recorded in the previous three-month period, according to flash estimates published by the Eurostat.
Wednesday November 13 2013
Euro Area Industrial Production Rose 1.1% YoY in September  
In September, Euro Area industrial production rose for the first time in 21 months by an annual 1.1 percent, mainly due to higher production of intermediate and non-durable goods. But compared with August, industrial production fell by a seasonally adjusted 0.5 percent after increasing 1 percent in the previous month.
Thursday November 07 2013
ECB Lowers Benchmark Interest Rate to 0.25%  
In its November 7th meeting, The European Central Bank cut its benchmark interest rate to a record low in response to falling inflation across the Euro Area countries.
Thursday October 31 2013
Euro Area Inflation Rate Eases to 0.7% in October  
In October, Euro Area’s inflation rate is expected to decelerate to 0.7 percent on an annual basis, down from 1.1 percent in September and 2.5 percent a year ago. Prices are expected to slow for the third consecutive month, mainly due to lower food cost and a drop in energy prices.
Thursday October 31 2013
Euro Area Unemployment Rate Slightly Up to 12.2% in September  
In September of 2013, Euro Area's seasonally-adjusted unemployment rate slighlty increased to 12.2 percent, from 12 percent in the previous month and 11.6 percent a year ago. Youth unemployment increased further to 24.1 percent from 23.6 percent a year earlier.
Wednesday October 16 2013
Euro Area Trade Surplus Widens in August  
In August, the Euro Area trade balance in goods with the rest of the world rose to €7.1 billion, compared with €4.6 bn in August of 2012. Exports were up 1.0 percent on the year and imports edged up 0.2 percent.
Wednesday October 16 2013
Euro Area Inflation Confirmed Slowing to 1.1% in September  
In September, Euro Area's annual inflation rate fell to 1.1 percent compared to 1.3 percent in the previous month and 2.6 percent in September of 2012. The slowdown was mainly due to lower transport and communication costs.
Wednesday October 02 2013
ECB Keeps Rates On Hold in October  
At its October 2nd meeting, the Governing Council of the ECB decided to hold the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility unchanged at 0.50 percent, 1.00 percent and 0.00 percent respectively.
Tuesday October 01 2013
Euro Area Unemployment Unchanged at 12.0% in August  
In August, Euro Area's seasonally-adjusted unemployment rate was 12.0 percent, stable compared with July and up from 11.5 percent in August of 2012. Youth unemployment increased further to 23.3 percent from 23.1 percent a year earlier.
Monday September 30 2013
Euro Area Inflation Rate Down to 1.1% in September  
In September, Euro Area's annual inflation is expected to be 1.1 percent, down from 1.3 percent in August, according to a flash estimate. The slowdown is due to an ease in food price increases and falling energy costs.
Tuesday September 17 2013
Euro Area Trade Surplus Widens as Exports Rise  
In July, the Euro Area trade balance in goods with the rest of the world rose to €18.2 billion, compared with €13.9 bn in July of 2012. Exports were up 3.0 percent on the year while imports were broadly unchanged.
Monday September 16 2013
Euro Area Inflation Eases to 1.3% in August  
In August, Euro Area's annual inflation rate fell to 1.3 percent compared to 1.6 percent in the previous month and 2.6 percent in August of 2012. The slowdown was due to lower transport and communication costs.
Thursday September 05 2013
ECB Maintains Policy Unchanged in September  
At its September 5th 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 0.50 percent, 1.00 percent and 0.00 percent respectively.
Wednesday September 04 2013
Euro Area GDP Growth Confirmed at 0.3% in Q2  
In the second quarter of 2013, Euro Area seasonally adjusted GDP rose by 0.3 percent qoq in line with preliminary estimates. The rebound from previous quarters' contractions was mainly due to exports which contributed 0.8 percentage points to output.
Friday August 30 2013
Euro Area Inflation Rate Down to 1.3% in August  
In August, Euro Area's annual inflation rate is expected to be 1.3 percent, down from 1.6 percent in July and from 2.6 percent in August of 2012, according to a flash estimate. The biggest upward pressure on the overall index continues to be rising food prices.
Friday August 30 2013
Euro Area Unemployment Rate Stable at 12.1% in July  
In July, the Euro Area seasonally-adjusted unemployment rate was unchanged at its record high of 12.1 percent for the 5th successive month. Youth unemployment increased further to 24.0 percent from 23.2 percent a month earlier.
Friday August 16 2013
Euro Area Inflation Confirmed Stable At 1.6%  
In July, Euro Area's annual inflation rate was unchanged at 1.6 percent compared to the previous month and down from 2.4 percent in July of 2012. Food prices provided the biggest upward pressure, in line with previous months, while communication costs registered the largest fall.
Friday August 16 2013
Euro Area Trade Surplus Widens in June  
In June, the Euro Area trade balance in goods with the rest of the world rose to €17.3 billion, compared with €12.8 bn in June of 2012. Exports fell 3.0 percent on the year but were offset by a steeper fall in imports of 6.0 percent.
Thursday August 15 2013
Euro Area's Economy Exits Recession in Q2  
In the second quarter of 2013, Euro Area seasonally adjusted GDP rose by 0.3 percent from the first three months of the year helped by stronger growth in the zone's two largest economies: Germany and France.
Tuesday August 13 2013
Euro Area Industrial Production Up 0.3% in June  
In June, industrial production increased by 0.3 percent in the Euro Area and by 0.4 percent in the European Union (EU27), compared with June of 2012. Compared with May, seasonally adjusted industrial production grew by 0.7 percent in the Euro Area and by 0.9 percent in the EU27.
Thursday August 01 2013
ECB Keeps Rates On Hold in August  
In its August 1st 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 0.50 percent, 1.00 percent and 0.00 percent respectively.
Wednesday July 31 2013
Euro Area Inflation Rate Stable at 1.6% in July  
In July, Euro Area's annual inflation rate is expected to be 1.6 percent, unchanged from June and down from 2.4 percent in July of 2012, according to a flash estimate from Eurostat. The biggest upward pressure on the overall index continues to be rising food prices.
Wednesday July 31 2013
Euro Area Unemployment Unchanged at 12.1% in June  
In June, Euro Area's jobless rate stood unchanged at 12.1 percent for the fourth successive month. Compared with May, the number of persons unemployed decreased by 24 000. This is the first time in more than two years that the number of people unemployed in the Euro Area decreases. Youth unemployment was registered at 23.2 percent.
Tuesday July 16 2013
Euro Area Inflation Confirmed at 1.6% in June  
In June, Euro Area's annual inflation was up to 1.6 percent in from 1.4 percent in May. A year earlier the rate was 2.4 percent. Compared with the previous month, annual inflation rose in eighteen Member States, remained stable in two and fell in six.
Tuesday July 16 2013
Euro Area Trade Surplus Widens in May  
In May, the Euro Area trade balance with the rest of the world registered a €15.2 billion surplus, compared with €6.6 bn in May of 2012. The April balance was €14.1 bn, compared with €3.3 bn in April of 2012. The increase in the trade surplus is mainly driven by falling imports, down 6 percent yoy, as exports remained broadly unchanged.
Thursday July 04 2013
ECB Keeps Rates Unchanged in July  
In its July meeting, the ECB decided to keep its main interest rate unchanged at a record low 0.5% for the second straight month, after a 25 basis points cut in May. Political tensions arising in Portugal and Greece have pushed bond yields up across the region and pressure President Draghi to stick to loose monetary policy.
Thursday July 04 2013
Euro Area GDP Growth Rate Revised Down to -0.3% QoQ  
In Q1 of 2013, Euro Area GDP fell by 0.3 percent, down from a previously estimated decrease of 0.2 percent. In spite of downward revision, the economy contracted less than in the previous quarter (-0.6 percent), mainly due to an improvement in inventories and household demand, which, unlike in Q4 of 2012, did not weigh down the overall result.
Monday July 01 2013
Euro Area Inflation Rate Up to 1.6% in June  
In June, Euro Area annual inflation is expected to be 1.6 percent, up from 1.4 percent in May and down from 2.4 percent in June of 2012, according to a flash estimate from Eurostat. The speed up of inflation is mainly due to increasing food prices.
Tuesday July 02 2013
Euro Area Unemployment Rate Hits a New Record High in May  
In May, Euro Area seasonally-adjusted unemployment rate was 12.2 percent, up from 12.1 percent in April. The number of jobless people rose to 19.34 million, up 67,000 from the previous month. Youth unemployment was at 23.9 percent.
Monday June 17 2013
Euro Area Trade Surplus Widens in April  
In April, the first estimate for the Euro Area trade in goods balance with the rest of the world gave a € 14.9 billion surplus, compared with € 3.3 bn in April 2012. Exports increased 9 percent yoy while imports rose 1 percent. Compared with March 2013, seasonally adjusted exports fell 0.8 percent while imports rose 0.5 percent.
Friday June 14 2013
Euro Area Inflation Confirmed At 1.4% in May  
Euro Area annual inflation was 1.4 percent in May 2013, up from 1.2 percent in April due to higher prices of electricity, fruit and vegetables. A year earlier the rate was 2.4 percent. European Union annual inflation was 1.6 percent in May 2013, up from 1.4 percent in April.
Wednesday June 12 2013
Euro Area Industrial Production Contracts 0.6% YoY in April  
Euro Area industrial production fell by 0.6 percent in April 2013 compared with April 2012, the slowest contraction since November of 2011.
Thursday June 06 2013
ECB Keeps Interest Rates Unchanged  
The European Central Bank left its main interest rate unchanged at a record low 0.50 percent on June 6th, waiting for signs of economic recovery in the second half of the year.
Friday August 16 2013
Euro Area Economy May Struggle to Maintain Growth  
In Q2 of 2013, the Euro Area GDP expanded 0.3 percent pulled up by stronger than expected expansions in France and Germany. However, unemployment is still at record highs and confidence indicators, although slowly picking up, remain at a low level suggesting sustainable recovery may still be out of reach.
Wednesday June 05 2013
Euro Area Economy Contraction Confirmed at 0.2% QoQ in Q1  
GDP fell by 0.2 percent in the Euro Area during the first quarter of 2013, compared with the previous quarter, according to second estimates published by Eurostat. In the fourth quarter of 2012, growth rate was -0.6 percent. The smaller contraction in Q1 was mainly due to an improvement in inventories and household demand, which, unlike in the previous quarter, did not weigh down the overall result.
Friday May 31 2013
Euro Area Inflation Rate Up to 1.4% in April  
Euro Area annual inflation is expected to be 1.4 percent in May 2013, up from 1.2 percent in April, according to a flash estimate from Eurostat, the statistical office of the European Union.
Friday May 31 2013
Euro Area Unemployment Rate Rose to New Record in April  
The Euro Area seasonally-adjusted unemployment rate was 12.2 percent in April 2013, up from 12.1 percent in March. The number of jobless people rose to 19.4 million, up 95,000 from the previous month. Youth unemployment was at 24.4 percent.
Thursday May 16 2013
Euro Area Trade Surplus Widens in March  
The Euro Area trade in goods balance with the rest of the world in March 2013 gave a € 22.9 billion surplus, compared with +6.9 bn in March 2012. The February 2013 balance was +10.1 bn, compared with +1.2 bn in February 2012. In March 2013 compared with February 2013, seasonally adjusted exports rose by 2.8 percent while imports fell by 1.0 percent.
Thursday May 16 2013
Euro Area Inflation Rate Confirmed at 1.2% in April  
Euro area annual inflation was 1.2 percent in April 2013, down from 1.7 percent in March. A year earlier the rate was 2.6 percent. Monthly inflation was -0.1 percent in April 2013. European Union annual inflation was 1.4 percent in April 2013, down from 1.9 percent in March. A year earlier the rate was 2.7 percent. Monthly inflation was 0.0 percent in April 2013.
Friday May 31 2013
Euro Area Economic Conditions Continue to Deteriorate  
In the first quarter of 2013, the Euro Area gross domestic product contracted 0.2 percent, marking its longest recession on record. Indeed, tough austerity measures imposed by debt ridden governments in connection with soaring unemployment rate and restricted credit to consumers and businesses have been undermining domestic consumption.
Wednesday May 15 2013
Euro Area Extends Recession in Q1  
GDP fell by 0.2 percent in the euro area and by 0.1 percent in the EU27 during the first quarter of 2013, compared with the previous quarter, according to flash estimates published by Eurostat, the statistical office of the European Union. In the fourth quarter of 2012, growth rates were -0.6 percent and -0.5 percent respectively.
Tuesday May 14 2013
Euro Area Industrial Production Falls 1.7% in March  
In March 2013 compared with March 2012, industrial production decreased by 1.7 percent in the Euro Area and by 1.1 percent in the EU27. In March 2013 compared with February 2013, seasonally adjusted industrial production grew by 1.0 percent in the euro area and by 0.9 percent in the EU27.
Thursday May 02 2013
ECB Cuts Benchmark Interest Rate by 25bps to 0.5%  
The European Central Bank cut its main interest rate for the first time in 10 months, driven by an economy mired in recession and falling inflation.
Tuesday May 14 2013
Euro Area Economic Recovery Still Out of Reach  
The Euro Area economy has been in recession since late 2011 and prospects for 2013 are not brighter. Indeed, tough austerity measures imposed by debt ridden governments in connection with soaring unemployment rate and restricted credit to consumers and businesses have been undermining domestic consumption.
Tuesday April 30 2013
Euro Area Inflation Rate Down to 1.2% in April  
Euro area annual inflation is expected to be 1.2 percent in April 2013, down from 1.7 percent in March, according to a flash estimate from Eurostat.
Tuesday April 30 2013
Euro Area Unemployment Rate Up to 12.1% in March  
The Euro Area seasonally-adjusted unemployment rate was 12.1 percent in March 2013, up from 12.0 percent in February. The EU27 unemployment rate was 10.9 percent, stable compared with February. In both zones, rates have risen markedly compared with March 2012, when they were 11.0 percent and 10.3 percent respectively.
Tuesday April 16 2013
Euro Area Inflation Rate Down to 1.7% in March  
Euro Area annual inflation was 1.7 percent in March 2013, down from 1.8 percent in February. A year earlier the rate was 2.7 percent. Monthly inflation was 1.2 percent in March 2013. European Union annual inflation was 1.9 percent in March 2013, down from 2.0 percent in February. A year earlier the rate was 2.9 percent. Monthly inflation was 0.9 percent in March 2013.
Monday April 15 2013
Euro Area Posts Trade Surplus in February  
The first estimate for the Euro Area trade in goods balance with the rest of the world in February 2013 gave a 10.4 billion euro surplus, compared with +1.3 bn in February 2012. The January 2013 balance was -4.7 bn, compared with -9.2 bn in January 2012. In February 2013 compared with January 2013, seasonally adjusted exports rose by 0.1 percent while imports fell by 2.1 percent.
Friday April 12 2013
Euro Area Industrial Production Down 3.1% in February  
In February 2013 compared with February 2012, industrial production decreased by 3.1 percent in the Euro Area and by 2.5 percent in the EU27. In February 2013 compared with January 2013, seasonally adjusted industrial production grew by 0.4 percent in both the Euro Area and the EU27, according to estimates released by the statistical office of the European Union.
Thursday April 04 2013
European Central Bank Keeps Monetary Policy Unchanged in April  
In April of 2013, 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 0.75 percent, 1.50 percent and 0.00 percent respectively.
Wednesday April 03 2013
Euro Area Inflation rate Down to 1.7% in March  
Euro area annual inflation is expected to be 1.7 percent in March 2013, down from 1.8 percent in February, according to a flash estimate from Eurostat, the statistical office of the European Union.
Tuesday April 02 2013
Euro Area Unemployment Rate Stable at 12% in February  
The Euro Area seasonally-adjusted unemployment rate was 12.0 percent in February 2013, stable compared with January. The EU27 unemployment rate was 10.9 percent, up from 10.8 percent in the previous month. In both zones, rates have risen markedly compared with February 2012, when they were 10.9 percent and 10.2 percent respectively.
Monday March 18 2013
Euro Area Trade Deficit Narrows Year-on-Year in January  
The first estimate for the Euro Area trade in goods balance with the rest of the world in January 2013 gave a 3.9 billion euro deficit, compared with -9.1 bn in January 2012. The December 2012 balance was +10.8 bn, compared with +8.0 bn in December 2011. In January 2013 compared with December 2012, seasonally adjusted exports rose by 2.0 percent and imports by 3.1 percent.
Friday March 15 2013
Euro Area Inflation Rate Down to 1.8 Percent in February  
Euro Area annual inflation was 1.8 percent in February 2013, down from 2.0 percent in January. A year earlier the rate was 2.7 percent. Monthly inflation was 0.4 percent in February 2013. European Union annual inflation was 2.0 percent in February 2013, down from 2.1 percent in January. A year earlier the rate was 2.9 percent.
Wednesday March 13 2013
Euro Area Industrial Production Contracts 1.3 Percent in January  
In January 2013 compared with January 2012, industrial production decreased by 1.3 percent in the Euro Area and by 1.7 percent in the EU27. In January 2013 compared with December 2012, seasonally adjusted industrial production fell by 0.4 percent in both the Euro Area and the EU27, according to estimates released by the statistical office of the European Union.
Thursday March 07 2013
European Central Bank Keeps Monetary Policy Unchanged in March  
In March of 2013, 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 0.75 percent, 1.50 percent and 0.00 percent respectively.
Wednesday March 06 2013
Euro Area Second Estimate For GDP Growth Confirms 0.6 Percent Contraction in Q4  
GDP fell by 0.6 percent in the euro area and by 0.5 percent in the EU27 during the fourth quarter of 2012, compared with the previous quarter, according to second estimates published by Eurostat. In the third quarter of 2012, growth rates were -0.1 percent and +0.1 percent respectively.
Friday March 01 2013
Euro Area Inflation Rate Down to 1.8 Percent in February  
Euro area annual inflation is expected to be 1.8 percent in February 2013, down from 2.0 percent in January, according to a flash estimate from Eurostat, the statistical office of the European Union.
Friday March 01 2013
Euro Area Unemployment Rate Rises to Record 11.9 Percent in January  
The euro area seasonally-adjusted unemployment rate was 11.9 percent in January of 2013, up from 11.8 percent in December of 2012. The EU27 unemployment rate was 10.8 percent, up from 10.7 percent in the previous month. In both zones, rates have risen markedly compared with January of 2012, when they were 10.8 percent and 10.1 percent respectively.
Thursday February 28 2013
Euro Area Inflation Rate Down to 2.0 Percent in January  
Euro area annual inflation was 2.0 percent in January 2013, down from 2.2 percent in December 2012. A year earlier the rate was 2.7 percent. Monthly inflation was -1.0 percent in January 2013. The EU annual inflation was 2.1 percent in January 2013, down from 2.3 percent in December 2012. Monthly inflation was -0.8 percent in January 2013.
Friday February 15 2013
Euro Area Trade Surplus Widens in December  
The first estimate for the euro area trade in goods balance with the rest of the world in December 2012 gave a 11.7 bn euro surplus, compared with +8.0 bn in December 2011. The November 2012 balance was +13.0 bn, compared with +4.9 bn in November 2011. During 2012, euro area trade in goods recorded a surplus of 81.8 bn euro, compared with -15.7 bn in 2011. The EU27 recorded a deficit of 104.6 bn in 2012, compared with -162.7 bn in 2011.
Thursday February 14 2013
Euro Area GDP Down By 0.6 Percent in Q4  
GDP fell by 0.6 percent in the euro area and by 0.5 percent in the EU27 during the fourth quarter of 2012, compared with the previous quarter, according to flash estimates published by Eurostat, the statistical office of the European Union. Over the whole year 2012, GDP fell by 0.5 percent in the euro area and by 0.3 percent in the EU27.
Wednesday February 13 2013
Euro Area Industrial Production Decreases 2.4 Percent in December  
In December 2012 compared with December 2011, industrial production decreased by 2.4 percent in the euro area and by 2.3 percent in the EU27. In December 2012 compared with November 2012, seasonally adjusted industrial production grew by 0.7 percent in the euro area and by 0.5 percent in the EU27, according to estimates released by Eurostat.
Thursday February 07 2013
ECB Keeps Monetary Policy Unchanged in February  
In February of 2013, 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 0.75 percent, 1.50 percent and 0.00 percent respectively.
Friday February 01 2013
Euro Area Inflation Rate Down to 2.0 Percent in January  
Euro area annual inflation is expected to be 2.0 percent in January 2013, down from 2.2 percent in December 2012, according to a flash estimate from Eurostat, the statistical office of the European Union.
Friday February 01 2013
Euro Area Unemployment Rate at 11.7 Percent in December  
The euro area seasonally-adjusted unemployment rate was 11.7 percent in December 2012, stable compared with November. The EU27 unemployment rate was 10.7 percent, also stable compared with November. In both zones, rates have risen markedly compared with December 2011, when they were 10.7 percent and 10.0 percent respectively.
Wednesday January 16 2013
Euro Area Inflation Stable at 2.2% in December  
Euro area annual inflation was 2.2% in December 2012, the same as in November. A year earlier the rate was 2.7%. Monthly inflation was 0.4% in December 2012.
Tuesday January 15 2013
Euro Area Trade Surplus Widens in November  
The first estimate for the euro area (EA17) trade in goods balance with the rest of the world in November 2012 gave a €13.7 bn surplus, compared with +4.9 bn euro in November 2011 according to data released by Eurostat, the statistical office of the European Union.
Monday January 14 2013
Industrial Production Down by 3.7% in Euro Area  
In November 2012 compared with November 2011, industrial production dropped by 3.7% in the euro area and by 3.3% in the EU27. In November 2012 compared with October 2012, seasonally adjusted industrial production fell by 0.3% in both the euro area and the EU27, according to estimates released by Eurostat, the statistical office of the European Union. In October production decreased by 1.0% and 0.8% respectively.
Thursday January 10 2013
ECB Keeps Monetary Policy Unchanged in January  
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 0.75%, 1.50% and 0.00% respectively.
Tuesday January 08 2013
Euro Area Unemployment Rate Rises to Record 11.8% in November  
The euro area (EU17) seasonally-adjusted unemployment rate was 11.8% in November 2012, up from 11.7% in October. The EU27 unemployment rate was 10.7% in November 2012, stable compared with October. In both zones, rates have risen markedly compared with November 2011, when they were 10.6% and 10.0% respectively.
Friday January 04 2013
Euro Area Inflation At 2.2% in December  
Euro area annual inflation is expected to be 2.2% in December 2012, the same as in November, according to a flash estimate from Eurostat, the statistical office of the European Union.
Monday December 17 2012
Euro Area Trade Surplus Widens in October  
Euro area international trade in goods surplus of €10.2 billion from €9.5 billion in September according to a release by the Eurostat
Friday December 14 2012
Euro Area Inflation Down to 2.2 Percent in November  
Euro area annual inflation was 2.2 percent in November 2012, down from 2.5 percent in October. A year earlier the rate was 3.0 percent. Monthly inflation was -0.2 percent in November 2012.
Wednesday December 12 2012
Industrial Production Down by 3.6% in Euro Area  
In October 2012 compared with October 2011, seasonally adjusted industrial production fell by 3.6% according to estimates released by Eurostat, the statistical office of the European Union. Industrial production in the EU27 dropped by 3.1%.
Thursday December 06 2012
ECB Keeps Rates Unchanged  
At meeting on December 6th, 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 0.75%, 1.50% and 0.00% respectively.
Thursday December 06 2012
Euro Area GDP Down by 0.1 Percent in Q3  
GDP fell by 0.1 percent in the euro area(EA17) and increased by 0.1 percent in the EU27 during the third quarter of 2012, compared with the previous quarter, according to flash estimates published by Eurostat, the statistical office of the European Union.
Friday November 30 2012
Euro Area Unemployment Rate at 11.7 in October  
The euro area seasonally-adjusted unemployment rate was 11.7% in October 2012, up from 11.6% in September.
Friday November 30 2012
Euro Area Inflation Down to 2.2 Percent in November  
Euro area annual inflation is expected to be 2.2 percent in November 2012, down from 2.5 percent in October, according to a flash estimate from Eurostat, the statistical office of the European Union.
Friday November 16 2012
Euro Area Trade Surplus Widens in September  
The first estimate for the euro area trade in goods balance with the rest of the world in September 2012 gave a 9.8 bn euro surplus, compared with +1.7 bn in September 2011.
Thursday November 15 2012
Euro Area Inflation Down to 2.5 Percent in October  
Euro area annual inflation was 2.5 percent in October 2012, down from 2.6 percent in September. A year earlier the rate was 3.0 percent. Monthly inflation was 0.2 percent in October 2012.
Thursday November 15 2012
Euro Area GDP Down by 0.1 Percent in Q3  
GDP fell by 0.1 percent in the euro area(EA17) and increased by 0.1 percent in the EU27 during the third quarter of 2012, compared with the previous quarter, according to flash estimates published by Eurostat, the statistical office of the European Union.
Thursday November 08 2012
ECB Keeps Rates Unchanged  
At meeting on November 7th, 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 0.75%, 1.50% and 0.00% respectively.
Wednesday October 31 2012
Euro Area Inflation Down to 2.5 Percent in October  
Euro area annual inflation is expected to be 2.5 percent in October 2012, down from 2.6 percent in September, according to a flash estimate from Eurostat, the statistical office of the European Union.
Wednesday October 31 2012
Euro Area Unemployment Rate at 11.6 Percent in September  
The euro area (EA17) seasonally-adjusted unemployment rate was 11.6 percent in September 2012, up from 11.5 percent in August.
Tuesday October 16 2012
Euro Area Trade Surplus Narrows in August  
The first estimate for the Euro Area trade in goods balance with the rest of the world in August 2012 gave a 6.6 bn euro surplus, compared with -5.7 bn in August 2011.
Tuesday October 16 2012
Euro Area Inflation Stable at 2.6 Percent in September  
Euro area annual inflation was 2.6 percent in September 2012, unchanged compared with August. A year earlier the rate was 3.0 percent.
Thursday October 04 2012
ECB keeps Interest Rates Unchanged  
At the Governing Council of the ECB in October 4th, it was 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 0.75%, 1.50% and 0.00% respectively.
Monday October 01 2012
Euro Area Unemployment Rate at 11.2 Percent in August  
The euro area (EA17) seasonally-adjusted unemployment rate was 11.4 percent in August 2012, stable compared with July. In the Euro Area, the rate has risen compared with August 2011, when it was 10.2 percent.
Monday September 17 2012
Euro Area Trade Surplus Widens in July  
The first estimate for the Euro Area trade in goods balance with the rest of the world in July 2012 gave a 15.6 bn euro surplus, compared with +2.1 bn in July 2011.
Friday September 14 2012
Euro Area Inflation Up to 2.6% in August  
Euro Area annual inflation was 2.6% in August 2012, up from 2.4% in July. A year earlier the rate was 2.5%.
Thursday September 06 2012
ECB keeps Interest Rates Unchanged  
At the Governing Council of the ECB's meeting in September 6th it was announced that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility would remain unchanged at 0.75%, 1.50% and 0.00% respectively.
Friday August 17 2012
Euro Area Trade Surplus Widens in July  
The first estimate for the euro area (EA17) trade in goods balance with the rest of the world in June 2012 gave a 14.9 bn euro surplus, compared with +0.2 bn in June 2011.
Friday August 17 2012
Euro Area Annual Inflation Stable at 2.4%  
Euro area annual inflation was 2.4% in July 2012, stable compared to June. A year earlier the rate was 2.6%.
Tuesday August 14 2012
Euro Area GDP down by 0.2% in Q2  
GDP fell by 0.2% in both the euro area (EA17) and the EU27 during the second quarter of 2012, compared with the previous quarter, according to flash estimates published by Eurostat, the statistical office of the European Union.
Thursday August 02 2012
ECB Keeps Rates Unchanged  
At meeting on August 2nd, 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 0.75%, 1.50% and 0.00% respectively.
Wednesday August 01 2012
Euro Area Unemployment Rate at 11.2% in June  
The euro area (EA17) seasonally-adjusted unemployment rate was 11.2% in June 2012, stable compared with May. It was 10.0% in June 2011.
Monday July 16 2012
Euro Area Trade Surplus Widens in May  
The first estimate for the euro area (EA17) trade in goods balance with the rest of the world in May 2012 gave a 6.9 bn euro surplus, compared with -1.2 bn in May 2011. The April 2012 balance was +3.7 bn, compared with -4.5 bn in April 2011.
Monday July 16 2012
Euro Area Annual Inflation Stable at 2.4% in June  
Euro area annual inflation was 2.4% in June 2012, unchanged compared with May. A year earlier the rate was 2.7%. Monthly inflation was -0.1% in June 2012.
Monday July 09 2012
Euro Area Unemployment Rate at 11.1% in May  
The euro area (EA17) seasonally-adjusted unemployment rate was 11.1% in May 2012, compared with 11.0% in April. It was 10.0% in May 2011.
Monday July 09 2012
ECB Cuts Rates to New Low  
At meeting on July 5th, the Governing Council of the ECB decided to cut the key ECB interest rates by 25 basis points.
Sunday June 17 2012
Euro Area Annual Inflation Down to 2.4% in May  
Euro area annual inflation was 2.4% in May 2012, down from 2.6% in April. A year earlier the rate was 2.7%.
Sunday June 17 2012
Euro Area Trade Surplus Narrows in April  
The first estimate for the euro area (EA17) trade in goods balance with the rest of the world in April 2012 gave a 5.2 bn euro surplus, compared with -4.5 bn in April 2011. The March 2012 balance was +7.5 bn, compared with +0.9 bn in March 2011.
Wednesday June 06 2012
ECB Keeps Rates Unchanged  
At the meeting on June 6th, 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.
Wednesday June 06 2012
ECB Keeps Rates Unchanged  
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.
Sunday June 03 2012
Euro Area unemployment rate at 11% in April  
The euro area (EA17) seasonally-adjusted unemployment rate was 11.0% in April 2012, stable compared with March. It was 9.9% in April 2011.
Wednesday May 16 2012
Euro Area External Trade Surplus Widens in March  
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%.
Wednesday May 16 2012
Euro Area Annual Inflation Down to 2.6%  
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.
Thursday May 03 2012
Euro Area unemployment rate at 10.9%  
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.
Thursday May 03 2012
ECB Keeps Monetary Policy Unchanged  
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.
Wednesday April 18 2012
Euro Area Reports Trade Surplus in February  
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.
Wednesday April 18 2012
Euro Area Annual Inflation Stable at 2.7%  
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.
Wednesday April 04 2012
ECB leaves Interest Rates Unchanged  
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.
Monday April 02 2012
Euro Area Unemployment Rate at 10.8%  
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.
Friday March 16 2012
Euro Area Reports Trade Deficit in January  
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.
Wednesday March 14 2012
Euro Area Annual Inflation Stable at 2.7%  
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.
Thursday March 08 2012
ECB Leaves Rates Unchanged  
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.
Tuesday March 06 2012
Euro Area GDP Down by 0.3%  
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%.
Thursday March 01 2012
Euro Area Unemployment rate at 10.7%  
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.
Wednesday February 29 2012
Euro Area Annual Inflation Down to 2.6%  
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.
Wednesday February 15 2012
Euro Area Trade Surplus Widens in December  
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.
Wednesday February 15 2012
Euro Area GDP Down by 0.3% in Q4  
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.
Thursday February 09 2012
ECB Keeps Interest Rate at 1%  
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.
Tuesday January 31 2012
Euro Area Unemployment Rate at 10.4% in December  
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.
Tuesday January 17 2012
Euro Area Annual inflation down to 2.7%  
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.
Friday January 13 2012
Euro Area Trade Surplus Widens in November  
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.
Thursday January 12 2012
ECB Keeps Interest Rate Unchanged  
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.
Friday January 06 2012
Euro Aea Unemployment Rate at 10.3%  
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.
Friday December 16 2011
Euro Area Trade Surplus Widens in October  
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.
Thursday December 15 2011
Euro Area Annual Inflation Stable at 3.0%  
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.
Thursday December 08 2011
ECB Cuts Main Refinancing Rate to 1%  
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.
Wednesday November 30 2011
Euro Area Unemployment Rate at 10.3% in October  
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.
Tuesday November 15 2011
Euro Area Grows 0.2% in Q2  
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.
Thursday November 03 2011
ECB Cuts Main Rate to 1.25%  
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.
Monday October 31 2011
Euro Area Unemployment Rate at 10.2% in September  
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.
Friday October 14 2011
Euro Area Reports Trade Deficit in August  
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%.
Friday October 14 2011
Euro Area Annual Inflation up to 3.0% in September  
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.
Thursday October 06 2011
ECB Leaves Interest Rates Unchanged  
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.
Thursday October 06 2011
ECB Leaves Interest Rates Unchanged  
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.
Friday September 30 2011
Euro Area Unemployment Rate at 10% in August  
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.
Friday September 16 2011
Euro Area Trade Surplus Widens in July  
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.
Thursday September 15 2011
Euro Area Annual Inflation Stable at 2.5%  
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.
Thursday September 08 2011
ECB Leaves Interest Rates Unchanged  
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.
Wednesday August 31 2011
Euro Area Unemployment Rate at 10.0% in July  
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.
Wednesday August 17 2011
Euro Area Inflation Rate Down to 2.5% in July  
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.
Tuesday August 16 2011
Euro Area Reports Trade Surplus in June  
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.
Tuesday August 16 2011
Euro Area GDP Growth up by 0.2% in Q2  
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.
Thursday August 04 2011
ECB Leaves Interest Rate Unchanged  
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.
Tuesday August 02 2011
Euro Area Unemployment Stable at 9.9% in June  
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.
Thursday July 14 2011
Euro Area Annual Inflation Stable at 2.7% in June  
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.
Thursday July 07 2011
ECB Raises Interest Rates to 1.5%  
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.
Friday July 01 2011
Euro Area Unemployment Rate at 9.9% in May  
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.
Thursday June 16 2011
Euro Area Annual Inflation Down to 2.7% in May  
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.
Thursday June 09 2011
ECB Keeps Interest Rates Unchanged  
The European Central Bank has kept its main interest rate unchanged but left the door open for a further rise in July.
Tuesday May 31 2011
Euro Area Unemployment Rate Unchanged in April  
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.
Tuesday May 17 2011
Euro Area Reports Trade Surplus in March  
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.
Monday May 16 2011
Euro Area Inflation up to 2.8% in April  
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.
Friday May 13 2011
Euro Area GDP up by 0.8% in Q1  
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.
Saturday May 07 2011
ECB Keeps Key Rate Unchanged  
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.
Friday April 29 2011
Euro Area Unemployment Rate Unchanged at 9.9% in March  
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.
Friday April 15 2011
Euro Area Records Trade Deficit in February  
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.
Friday April 15 2011
Euro Area Inflation Raises to 2.7% in March  
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.
Thursday April 07 2011
ECB Raises Interest Rate to 1.25  
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.
Friday April 01 2011
Euro Area Unemployment Rate Drops to 9.9%  
The euro area (EA17) seasonally-adjusted unemployment rate was 9.9% in February 2011, compared with 10.0% in January.
Wednesday March 16 2011
Euro Area Inflation Rises to 2.4% in February  
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.
Thursday March 03 2011
ECB Leaves Interest Rate Unchanged  
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.
Wednesday March 02 2011
Euro Area Unemployment Rate at 9.9% in January  
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.
Wednesday March 02 2011
Euro Area Inflation Estimated at 2.4%  
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.
Tuesday February 15 2011
Euro Area Trade Deficit Narrows In December  
Euro Area seasonally adjusted trade deficit declined to EUR 2.3 billion from EUR 3.2 billion in November.
Tuesday February 15 2011
Euro Area GDP Rises by 0.3% in Q4  
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.
Thursday February 10 2011
Euro Area Unemployment Rate at 10.0% in December  
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.
Thursday February 03 2011
ECB Leaves Interest Rate Unchanged  
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.
Friday January 14 2011
Euro Area Trade Deficit Narrows in November  
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.
Friday January 14 2011
Euro Area Annual inflation Rises to 2.2%  
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.
Thursday January 13 2011
ECB Leaves Interest Rate Unchanged  
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.
Friday December 17 2010
Euro Area Annual Inflation Stable at 1.9%  
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.
Thursday December 02 2010
European Central Bank to Continue Low-Cost Lending  
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.
Wednesday November 17 2010
Euro-Zone Inflation Hits Two-Year High  
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.
Friday November 12 2010
Euro Area GDP up by 0.4%  
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.
Thursday November 04 2010
ECB Policy Diverges Further From U.S. Course  
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.
Saturday October 02 2010
Euro Area Annual Inflation Rises In September  
Eurozone consumer price inflation accelerated in September as expected by economists, official data showed Thursday.
Saturday October 02 2010
Euro Area Unemployment Rate Stable at 10.1%  
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.
Thursday September 16 2010
Euro Area Trade Surplus Rises to 6.7 bn Euro  
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.
Sunday September 05 2010
ECB Leaves Interest Rates on Hold for 16th Month  
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.
Sunday September 05 2010
Euro Area Unemployment Rate Remains Stable at 10.0% in July  
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.
Sunday September 05 2010
Euro Area Inflation Slows to 1.6%  
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.
Monday August 16 2010
Euro Area Inflation Accelerates in July  
Euro Area inflation accelerated to 1.7%, the fastest pace in 20 months in July, on rising energy prices.
Friday August 13 2010
Germany Lifts Eurozone GDP Growth 1%  
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.
Thursday August 05 2010
ECB Leaves Rates on Hold  
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.
Monday August 02 2010
European Inflation Jumps to 20-Month High  
European inflation accelerated to the fastest pace in more than 1 1/2 years on rising energy costs.
Wednesday July 14 2010
Eurozone Inflation Moderates In June  
Eurozone inflation eased in June and remained within the official target range, giving no reason to change monetary policy.
Thursday July 08 2010
ECB Keeps Rate at 1%  
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.
Wednesday June 30 2010
ECB Lends Banks Less Than Estimated  
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.
Wednesday June 30 2010
Euro Area Inflation Slows in June  
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.
Wednesday June 16 2010
Euro Area Inflation Accelerates in May  
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.
Tuesday June 15 2010
Euro Area Trade Surplus Shrinks in April  
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.
Thursday June 10 2010
European Central Bank Keeps Rate at Record Low  
The European Central Bank left interest rates at a record low after Europe’s sovereign debt crisis forced it to start buying government bonds
Wednesday June 09 2010
Recovery in Euro Area Seen Falling Behind Schedule  
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.
Tuesday June 01 2010
Euro Area April Jobless Rate Rises  
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.
Tuesday May 18 2010
Euro Area Trade Surplus Widens  
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.
Tuesday May 18 2010
Euro Area Inflation Rises to 1.5% in April  
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.
Wednesday May 12 2010
Euro Area Economy Grows at 0.2%  
Europe’s economy expanded at a faster pace than economists forecast in the first quarter as a global recovery boosted exports.
Monday May 10 2010
Shock and Awe Package Lifts Euro Markets  
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.
Sunday May 09 2010
EU to Fend off Market "wolves" in Greek Crisis  
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.
Saturday May 08 2010
ECB Holds Rates Steady, Seeks to Rein in Greek Crisis  
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.
Saturday May 08 2010
EU Finance Chiefs Race to Ready Emergency Fund Before Asian Markets Open  
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.
Monday May 03 2010
EU Bets $146 Billion on Greek Bailout to Avert Contagion  
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.
Friday April 30 2010
Euro Area Unemployment Rate at 10.0%  
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.
Friday April 30 2010
Euro Area Inflation Accelerates to 1.5%  
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.
Thursday April 29 2010
Greece's help May Arrive Too Late  
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.
Tuesday April 27 2010
Greek, Portuguese Bonds Drop as Debt Crisis Escalates  
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.
Friday April 16 2010
Euro Area Records Trade Surplus in February  
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.
Friday April 16 2010
Euro Area Annual Inflation up to 1.4%  
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.
Thursday April 08 2010
ECB Keeps Rate at 1%  
The European Central Bank left interest rates at a record low as the Greek fiscal crisis complicates its withdrawal of emergency stimulus measures.
Wednesday March 31 2010
Euro Area Unemployment Rate Inches Up  
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.
Wednesday March 31 2010
Euro Area Inflation Jumps in March  
European inflation accelerated more than economists forecast on higher oil prices.
Tuesday March 16 2010
Eurozone Core Inflation Falls To Record Low In February  
Eurozone core inflation dropped to an all-time low in February, suggesting that deflationary pressures persist in the 16-nation economy.
Thursday March 04 2010
ECB Keeps Key Rate at 1%  
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.
Wednesday March 03 2010
Recovery in Euro Area Seen Falling Behind Schedule  
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.
Tuesday March 02 2010
Euro Area Inflation Slows  
European inflation slowed in February after rising unemployment and a weakening recovery prompted households to scale back spending.
Monday March 01 2010
Euro Zone Unemployment Rate Flat  
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.
Friday February 26 2010
Europe Inflation Quickens to Fastest in Almost a Year  
Euro Area inflation accelerated in January to the fastest in almost a year led by surging energy costs.
Wednesday February 17 2010
Euro Area Exports Rise in December  
European exports increased in December as a strengthening global economy and a weaker euro boosted demand for goods from the region.
Friday February 12 2010
Europe’s Recovery Almost Stalls  
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.
Saturday February 06 2010
Debt Crisis May Endanger Europe's Economic Recovery  
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.
Thursday February 04 2010
ECB Holds Rates, Sees Moderate, Uneven Recovery  
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.
Friday January 29 2010
Euro Area Unemployment Hits 10.0%  
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.
Saturday January 16 2010
Euro Area Inflation up to 0.9% in December  
Euro area annual inflation was 0.9% in December 20092, up from 0.5% in November. A year earlier the rate was 1.6%.
Saturday January 16 2010
Euro Area Exports Drop for Second Month in November  
European exports declined for a second month in November as the euro’s strength made goods from the region more expensive abroad.
Saturday January 16 2010
ECB Keeps Rates on Hold  
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.
Friday January 08 2010
Euro Area Unemployment Rate Rises to 10%  
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.
Tuesday January 05 2010
Euro Area Inflation Accelerates  
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.
Friday December 18 2009
Euro Area Records Trade Surplus in October  
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.
Thursday December 10 2009
Euro Area Economic Growth May be Slower in 2010  
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.
Thursday December 03 2009
Trichet Says ECB to Scale Back Emergency Loans  
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.
Thursday December 03 2009
Euro Area GDP up by 0.4%  
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.
Thursday December 03 2009
Eurozone Rates Left Unchanged at 1%  
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%.
Tuesday December 01 2009
Euro Area Unemployment Rate Stable at 9.8%  
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.
Monday November 30 2009
Euro Area Consumer Prices Rise  
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.
Monday November 23 2009
Europe Manufacturing, Services Expansion Accelerates  
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.
Tuesday November 17 2009
Euro Area Exports Rose Most in 20 Months in September  
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.
Monday November 16 2009
Euro Area Inflation Falls  
European consumer prices declined for a fifth month in October as rising unemployment discouraged household spending.
Friday November 13 2009
Europe’s Economy Emerges From Recession  
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.
Thursday November 05 2009
Trichet Says ECB to Phase Out Emergency Measures  
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.
Friday October 30 2009
The Euro Area is Not Heading to a Sustainable Recovery  
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.
Friday October 30 2009
Euro Area Inflation Declines  
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.
Friday October 30 2009
Euro Area Unemployment Rises to 9.7%  
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.
Friday October 23 2009
European Manufacturing Expands, Services Growth Accelerates  
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.
Thursday October 15 2009
European Consumer Prices Decline for Fourth Month  
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.
Thursday October 08 2009
Trichet Signals ECB in No Rush to Increase Rates  
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.
Wednesday October 07 2009
European Economy Contracts More Than Estimated  
Europe’s economy contracted more than estimated in the second quarter as consumer spending, investment and exports were weaker than earlier reported.
Thursday October 01 2009
Europe Unemployment Rises to Highest Since March 1999  
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.
Wednesday September 30 2009
European Consumer Prices Decline More Than Forecast  
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.
Thursday September 17 2009
Europe’s Trade Surplus Rises to Highest in Five Years  
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.
Wednesday September 16 2009
Euro Area Inflation up to -0.2%  
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.
Thursday September 03 2009
ECB Keeps Key Rate at Record Low  
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.
Wednesday September 02 2009
ECB May Keep Rates at Record Low  
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.
Tuesday September 01 2009
Europe Unemployment Rate Rises  
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.
Monday August 31 2009
European Inflation Declines Less Than Forecast  
European consumer prices dropped less than economists forecast in August as the economy recovered from the deepest slump in six decades.
Monday August 17 2009
Euro Area Trade Surplus Widened  
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.
Friday August 14 2009
Euro Area Economic Recovery Looks Fragile  
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.
Friday August 14 2009
European CPI Drop More Than Estimated  
European consumer prices dropped more than initially estimated in July as energy costs decreased and rising unemployment prompted households to cut spending.
Thursday August 13 2009
Euro Area Economy Contracted 0.1% in Q2  
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.
Thursday August 06 2009
ECB Keeps Rate at Record Low  
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.
Friday July 31 2009
European Prices Fall 0.6% in July  
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.
Friday July 31 2009
Europe Unemployment Rises Less Than Forecast  
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.
Friday July 17 2009
Europe Posts Trade Surplus in May  
Europe posted a trade surplus for a second month in May as exports declined less than imports.
Wednesday July 15 2009
Europe June Inflation Record First Annual Drop  
European consumer prices fell in June for the first time since at least 1996 as energy costs dropped and rising unemployment curbed household spending.
Thursday July 09 2009
ECB Actions Slow But Steady  
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.
Wednesday July 08 2009
The European Economy is Still at Risk!  
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.
Wednesday July 08 2009
Europe’s Economy Shrinks Most on Record  
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.
Thursday July 02 2009
Euro Area Unemployment up to 9.5%  
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.
Thursday July 02 2009
ECB Leaves Rates Unchanged at 1%  
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.
Tuesday June 30 2009
Eurozone Inflation Turns Negative  
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.
Wednesday June 24 2009
ECB Pumps Record €442bn Into System  
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.
Tuesday June 23 2009
European Manufacturing, Services Contraction Weakens  
Europe’s manufacturing and service industries contracted at the slowest pace in nine months in June, adding to signs the recession is bottoming out.
Wednesday June 17 2009
ECB Actions Slow But Steady  
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.
Wednesday June 17 2009
Euro Area Trade Surplus Rises in May  
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.
Tuesday June 16 2009
Euro-Area Inflation Rate Falls to Zero  
Europe’s inflation rate dropped to zero in May as energy costs retreated and the global economic slump forced companies to lower prices.
Monday June 15 2009
Europe Payrolls Shrink by Record 1.22 Million  
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.
Thursday June 04 2009
ECB Keeps Key Rate at Record-Low 1%  
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.
Tuesday June 02 2009
ECB Actions Slow But Steady  
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.
Tuesday June 02 2009
Europe Unemployment Rate Rises to Highest Since 1999  
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.
Friday May 29 2009
The Worst is Not Yet Over for the European Economy  
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.
Friday May 29 2009
Euro-Area Inflation Rate Falls to Zero  
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.
Monday May 18 2009
European Exports Rise 1.4%  
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.
Friday May 15 2009
Euro Area Annual Inflation Stable at 0.6%  
Euro area annual inflation was 0.6% in April 2009, unchanged compared with March. A year earlier the rate was 3.3%.
Friday May 15 2009
Europe’s Economy Contracts 2.5%  
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.
Tuesday May 12 2009
ECB Could Be Running Out of Options  
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.
Thursday May 07 2009
ECB Cuts Key Rate to Record Low of 1%  
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.
Wednesday May 06 2009
ECB Likely to Cut Rates to 1%  
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?
Thursday April 30 2009
Europe’s Jobless Rate Jumps to the Highest Since 2005  
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.
Wednesday April 29 2009
The Worst is Not Yet Over for the European Economy  
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.
Sunday April 19 2009
Euro Area Trade Deficit at 2.0 bn Euro  
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.
Sunday April 19 2009
Euro Area Inflation Down to 0.6%  
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.
Tuesday April 07 2009
ECB Reluctant to Implement Quantitative Easing  
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?
Tuesday April 07 2009
Europe’s Recession Deepens  
Europe’s recession deepened more than estimated in the fourth quarter after companies scaled back production and consumer spending declined.
Thursday April 02 2009
ECB Cuts Rates to 1.25%  
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.
Wednesday April 01 2009
Euro Area Unemployment up to 8.5%  
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.
Tuesday March 31 2009
Eurozone Inflation Plunges to Record Low  
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.
Tuesday March 24 2009
Quantitative Easing, Is the ECB Ready for This?  
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?
Monday March 23 2009
Euro Area Trade Deficit Shrinks  
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.
Monday March 16 2009
European Payrolls Shrink by Record  
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.
Monday March 16 2009
European Inflation Near 10-Year Low  
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.
Thursday March 05 2009
ECB Cuts Rates to 1.5%  
The European Central Bank cut interest rates to a record low in an attempt to stem the worst recession since World War II.
Monday March 02 2009
ECB Likely to Cut Rates by 50bps  
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.
Monday March 02 2009
European Inflation Rate Holds Near Lowest Since 1999  
Inflation in Europe stayed close to the lowest rate since 1999 in February as the global financial crisis undermined consumer confidence and curtailed spending.
Friday February 27 2009
Euro Area Unemployment up to 8.2%  
The euro area (EA16) seasonally-adjusted unemployment rate2 was 8.2% in January 2009, compared with 8.1% in December 20083. It was 7.3% in January 2008.
Friday February 27 2009
Euro Area Inflation Down to 1.1%  
Euro area annual inflation was 1.1% in January 2009, down from 1.6% in December. A year earlier the rate was 3.2%. Monthly inflation was -0.8% in January 2009.
Wednesday February 18 2009
Euro Area Recession Is Deepening  
Euro Area growth contracted at its fastest ever rate at the end of last year, slumping unprecedented 1.5 per cent. What is behind this unexpected fall and what can be done to soften the downward spiral?
Tuesday February 17 2009
Europe Posts Biggest Trade Gap in Euro’s History  
Europe recorded the biggest trade deficit in 2008 since the euro’s introduction 10 years ago as higher oil prices boosted energy costs and the global financial crisis curtailed exports.
Friday February 13 2009
Eurozone Contracts at Record Rate  
Eurozone growth contracted at its fastest ever rate at the end of last year, with an unexpectedly-bad German performance deepening the recession more than had been feared.
Thursday February 05 2009
ECB Leaves Interest Rates Unchanged  
The European Central Bank kept interest rates unchanged after four reductions since early October as officials gauge the severity of the recession before cutting borrowing costs again.
Friday January 16 2009
European November Exports Drop Most in Eight Years  
European exports declined at the fastest pace in more than eight years in November as the global economic downturn throttled demand for the region’s cars, trucks and planes.
Thursday January 15 2009
European Inflation Slows  
Europe’s inflation rate dropped to the lowest in more than two years in December as energy prices fell and consumers cut spending, giving the European Central Bank scope to lower interest rates to tackle the deepening recession.
Thursday January 15 2009
ECB Cuts Key Rate  
The European Central Bank cut its benchmark interest rate by half a percentage point to 2 percent, matching a record low, as the deepening recession pressed policy makers into action.
Thursday January 08 2009
Euro Area Unemployment up to 7.8%  
The euro area easonally-adjusted unemployment rate was 7.8% in November 2008, compared with 7.7% in October. It was 7.2% in November 2007.
Wednesday January 07 2009
Euro Area Recession Could Deepen  
The Euro Area is entering 2009 facing the worst economic prospects in many years. Moreover, in 2009 most European countries will contract or record flat or low levels of growth given worldwide economic conditions.
Tuesday January 06 2009
European Inflation Drops  
Europe’s inflation rate fell to the lowest in more than two years in December as oil prices plunged and consumer spending slumped, increasing the scope for the European Central Bank to reduce borrowing costs further.
Thursday December 18 2008
Europe’s Trade Gap Narrows  
Europe’s trade gap narrowed for a third month in October as the slumping economy damped imports.
Wednesday December 17 2008
European Inflation Rate Declines  
Europe’s inflation rate fell the most in almost two decades last month as oil prices plunged, giving the European Central Bank more leeway to cut interest rates.
Tuesday December 09 2008
The Euro Area Could Be Heading to a Sharp Recession  
Last week, after an unprecedented 75 basis points interest rate cut, the European Central Bank's President Jean- Claude Trichet finally acknowledged that the euro region's economy could shrink in 2009 for the first time since 1993.
Thursday December 04 2008
ECB Slashes Rates to 2.5%  
The European Central Bank took a more aggressive stance on interest rate cuts, slashing its main policy rate by an unprecedented three-quarters of a percentage point as official borrowing costs tumbled across Europe.
Friday November 28 2008
Euro Area Unemployment up to 7.7%  
The Euro Area unemployment rate rose to 7.7 percent in October from 7.6 percent in September, the highest level since January 2007.
Friday November 28 2008
Europe Inflation Rate Drops  
Europe’s inflation rate fell by the most in almost two decades and unemployment increased, adding to pressure on the European Central Bank to continue cutting interest rates to battle the recession.
Monday November 17 2008
Europe Trade Gap Stayed Close to Record  
Europe's trade gap remained close to a record in September as the impact of the global financial crisis weakened orders for goods from the region's biggest trading partners.
Friday November 14 2008
Euro Area Inflation Down to 3.2%  
Euro area annual inflation was 3.2% in October 20082, down from 3.6% in September. A year earlier the rate was 2.6%. Monthly inflation was 0.0% in October 2008.
Friday November 14 2008
Europe Economy Falls Into First Recession in 15 Years  
Europe's economy fell into its first recession in 15 years in the third quarter, paving the way for deeper cuts to interest rates and taxes amid the worst financial crisis since the Great Depression.
Wednesday November 12 2008
Is Euro Area Economy Collapsing?  
Not a long time ago, the Euro Area economy was considered as one of the strongest in the world. However, it is now visible that the region's economy is deteriorating day by day and the worst part of the economic cycle has not yet been reached.
Thursday November 06 2008
ECB Cuts Rates to 3.25%  
Eurozone interest rates have been slashed by a half percentage point as the European Central Bank responds to the region’s rapid plunge into recession.
Friday October 31 2008
European Inflation Slows  
Europe's inflation rate declined to the lowest since January as the European Central Bank prepares to cut interest rates for the second time in less than a month in response to the financial and economic crisis.
Monday October 27 2008
Trichet Says ECB May Reduce Rates  
European Central Bank President Jean- Claude Trichet said the bank may cut interest rates again at its next policy meeting on Nov. 6 as the financial market crisis damps inflation pressures.
Friday October 17 2008
Euro Area Trade Deficit Widens  
The first estimate for the euro area1 (EA15) trade balance with the rest of the world in August 2008 gave a 9.3 bn euro deficit, compared with +1.5 bn in August 2007.
Wednesday October 15 2008
European Inflation Slows  
European inflation slowed for a second month in September as oil prices fell, making it easier for the European Central Bank to cut interest rates again in response to the financial and economic crisis.
Wednesday October 08 2008
ECB Cuts Rates in Coordinated Move  
European Central Bank reduced the interest rate on the marginal lending facility by 50 basis points to 4.75 % in coordinated banks action.
Tuesday October 07 2008
Europe Failure to Response to the Financial Crisis is Threatening the Euro  
On Monday, Europe's Dow Jones Stoxx 600 Index sank 7.6 percent, recording the steepest drop since October 1987. In addition, the euro fell below $1.35 against the dollar for the first time in more than a year. However, judging by the recent actions of the European Union members, this lesson hasn't taught them anything.
Thursday October 02 2008
ECB Holds Rates Despite Recession Fears  
Eurozone interest rates have been left unchanged at 4.25 per cent by the European Central Bank, despite the rapidly-unfolding global financial market crisis and the threat of a eurozone recession.
Wednesday October 01 2008
European Unemployment Rises  
European unemployment rose to the highest in a year as the deepening credit crisis slowed growth.
Tuesday September 30 2008
Euro Area Could Fall Into a Sharp Recession  
Until very recently no one would expect the Euro Area economy to fall in recession. But as the United States financial market crisis spills over into the global economy there is no chance for Europe to stay afloat while the world is sinking.
Tuesday September 30 2008
Eurozone Inflation Falls for Second Month  
Eurozone inflation appears to be on a clear downward trend after dropping again in September, but not enough to change the widespread view that the European Central Bank will keep its main interest rate on hold this week.
Wednesday September 17 2008
Europe Trade Deficit Widens to Record  
Europe's trade gap widened to a record in July as a cooling global economy damped exports and crude oil's advance to a record boosted the energy deficit.
Tuesday September 16 2008
Euro Area Inflation Down to 3.8%  
Euro area annual inflation was 3.8% in August 20082, down from 4.0% in July. A year earlier the rate was 1.7%.
Wednesday September 03 2008
European Investment, Spending Drop as Economy Shrinks  
European company investment, consumer spending and exports declined in the second quarter, dragging the economy into a 0.2 percent contraction and pushing it to the brink of a recession.
Monday September 01 2008
ECB May Keep Rates at 7-Year High  
The European Central Bank will probably keep interest rates at a seven-year high this week, and may even threaten to raise them, at the risk of prolonging the economic slump.
Friday August 29 2008
Eurozone Unemployment Stable at 7.3%  
The euro area (EA15) seasonally-adjusted unemployment rate stood at 7.3% in July 2008, unchanged compared with June. It was 7.4% in July 2007.
Friday August 29 2008
Eurozone Inflation Starts to Slow  
Eurozone inflation has eased more than expected this month, while latest survey results suggest recession risks have mounted.
Thursday August 28 2008
What's Next for the Euro?  
Not a long time ago, the euro was considered as the most promising currency in the world. However, in August the single currency faced the biggest decline since the beginning of its trading.
Thursday August 28 2008
Euro Rises for Second Day  
The euro rose vs the dollar for a second day on speculation the region's interest-rate advantage over the U.S. will draw investors after ECB officials signaled a cut in borrowing costs is unlikely.
Wednesday August 27 2008
Euro Rises From Six-Month Low Vs Dollar  
The euro rose from a six-month low versus the dollar as ECB council member Axel Weber said discussion about a reduction in interest rates is ``premature'' and crude oil prices increased for a third day.
Tuesday August 26 2008
Euro Falls to Six-Month Low  
The euro fell to a six-month low against the dollar after a report showed German business confidence dropped in August more than economists forecast.
Wednesday August 20 2008
Euro Declines  
The euro fell against the dollar to near the lowest level in six months as Germany's Economy Ministry said the outlook for Europe's largest economy has deteriorated even beyond the second quarter.
Monday August 18 2008
Europe's Trade Deficit Widens  
Europe's trade deficit widened to the biggest in almost two years in June as a cooling global economy and the euro's gains against the dollar damped exports.
Thursday August 14 2008
Euro Near 5 1/2-Month Low Against Dollar  
The euro traded near a 5 1/2-month low against the dollar after a report showed Europe's economy contracted for the first time since the single currency was introduced almost a decade ago.
Thursday August 14 2008
Eurozone Economy Contracts for the First Time  
The eurozone economy has contracted for the first time since the launch of the euro a decade ago, with France hit unexpectedly-badly by high oil prices and deteriorating global conditions.
Wednesday August 13 2008
Euro Area Trade Deficit Rises in May  
The first estimate for the euro area trade balance with the rest of the world in May 2008 gave a 4.6 bn euro deficit, compared with +1.4 bn in May 2007. The April 2008 balance was +2.5 bn, compared with +2.0 bn in April 2007.
Monday August 11 2008
Euro Little Changed Against Dollar  
The euro was little changed against the dollar, rebounding from a 5 1/2-month low, after policy makers said the European Central Bank remains focused on inflation and traders judged last week's 3.6 percent drop excessive.
Friday August 08 2008
Euro Falls the Most in 4 Years  
The euro slumped the most in more than four years against the dollar as traders pared bets the European Central Bank will raise interest rates as the economy slows.
Thursday August 07 2008
Euro Advances on Speculation ECB to Highlight Inflation Concern  
The euro rose against the dollar for the first time in three days on speculation European policy makers will say today they remain concerned about inflation as a report showed German exports gained the most in almost two years.
Thursday August 07 2008
ECB Leaves Rates at Seven-Year High  
The European Central Bank kept interest rates at a seven-year high to fight inflation even as evidence of an economic slump mounts.
Wednesday August 06 2008
Euro Trades Near 7-Week Low Versus Dollar  
The euro traded near a seven-week low against the dollar before a European Central Bank meeting at which President Jean-Claude Trichet may keep borrowing costs unchanged and acknowledge economic growth is slowing.
Wednesday August 06 2008
Euro Rises  
The euro rose, rebounding from a seven-week low against the dollar, on speculation European Central Bank President Jean-Claude Trichet will signal higher interest rates may be needed to combat inflation.
Thursday July 31 2008
Euro Rises  
The euro rose against the dollar, snapping two days of losses, after data showed inflation in the region accelerated to the fastest pace in 16 years.
Thursday July 31 2008
Eurozone Inflation Surges to 4.1%  
High energy and food costs pushed eurozone inflation to an annual 4.1 per cent in July, a tenth of a point higher than the previous month’s rate and another record for the nine-year-old, 15-member currency region.
Friday July 25 2008
Euro Rises Against Dollar  
The euro rose against the dollar after European Central Bank council member Klaus Liebscher said policy makers have room to raise interest rates for a second time this year even as economic growth falters.
Thursday July 24 2008
Euro Slips Against Yen  
The euro dropped for a fourth day against the yen as business confidence in Germany, Europe's largest economy, fell the most since the 2001 terrorist attacks.
Wednesday July 16 2008
Europe CPI Accelerates to 4%  
Inflation in Europe accelerated to the fastest in more than 16 years in June, led by a 53 percent surge in the cost of heating oil.
Tuesday July 15 2008
How Much Can Oil Prices Influence the Euro Zone Economy?  
Since the end of 2004, euro denominated oil has risen by nearly 300%. Although the increase in energy prices is not as significant as in other parts of the world, we expect it to start putting downward pressure in the Euro Zone economy in the second half of 2008.
Wednesday July 09 2008
Europe's Expansion Accelerates Less Than Estimated  
Europe's economy expanded less than previously estimated in the first three months of 2008, while trade figures from Germany and France signaled that the slowdown deepened in the second quarter.
Wednesday July 09 2008
Euro Trades Near Lowest in a Week Against Dollar  
The euro traded near the lowest in more than a week against the dollar after European Central Bank President Jean-Claude Trichet said it's important for the U.S. to keep repeating support for a strong currency.
Sunday July 06 2008
Euro Trades Near 1-Week Low  
The euro traded near a one-week low against the dollar before a report today that economists forecast will show growth in German industrial production slowed in May.
Thursday July 03 2008
ECB Raises Rate to 4.25%  
The ECB's Governing Council, meeting in Frankfurt, increased the benchmark lending rate by a quarter point to 4.25 percent today to fight inflation even as the economy cools.
Thursday July 03 2008
Euro Falls as Trichet Signals One Rate Increase May Be Enough  
The euro fell the most against the dollar in more than three weeks as European Central Bank President Jean-Claude Trichet said he has ``no bias,'' signaling one interest-rate increase may be enough to control inflation.
Monday June 30 2008
Eurozone Inflation Jumps to 4%  
Prices in the eurozone are rising at 4 per cent a year, the highest inflation rate the 15-nation bloc has seen since statistics began in 1997 and a further sign the European Central Bank will raise its main rate from 4 to 4.25 per cent on Thursday.
Monday June 30 2008
Euro at 3-week High Against the Dollar  
The dollar struggled on Monday after last week’s heavy losses on Wall Street, while traders eyed a key level against the euro which, if breached, could send the greenback into a tailspin.
Wednesday June 25 2008
Trichet Leaves Door Open to Rate Increases After Jul  
European Central Bank President Jean- Claude Trichet left open the option of raising interest rates again after July to contain accelerating inflation.
Monday June 16 2008
Eurozone CPI Highest in 16 years  
Eurozone inflation has been revised up to the highest level for 16 years and a European Central Bank official has warned that rising wage costs could add increasingly to the pressures created by soaring oil prices.
Monday June 09 2008
European Stocks Drop  
European stocks declined for a fourth day as investors speculated bank losses will increase and near- record oil prices will curb economic and profit growth.
Monday June 09 2008
Euro Area Unemployment Stable at 7.1%  
The euro area (EA15) seasonally-adjusted unemployment rate stood at 7.1% in April 2008, unchanged compared with March 3. It was 7.5% in April 2007.
Monday June 09 2008
Euro Climbs Against Yen  
The euro rose to the strongest level this year against the Japanese yen and traded near a two-week high against the dollar as traders increased bets the region's central bank will raise rates as early as next month.
Thursday June 05 2008
Euro Gains  
The euro rose the most in two weeks against the dollar and gained versus the yen and British pound after European Central Bank President Jean-Claude Trichet said an interest-rate increase in July is ``possible.''
Thursday June 05 2008
ECB Leaves Rates Unchanged at 4%  
The European Central Bank marked a year of unchanged official borrowing costs on Thursday after deciding to leave its main interest rate at 4 per cent.
Tuesday June 03 2008
Europe's Growth Accelerates More Than Estimated  
European economic growth accelerated more than initially estimated in the first quarter as investment and construction spending in Germany helped the euro region weather record oil prices, the euro's gains and market turmoil.
Wednesday May 28 2008
Eurozone Inflation Rebounds to Record Levels  
Eurozone inflation has surged back to the record levels seen earlier this year, German data suggested on Wednesday, as soaring oil prices all but ruled out any early cut in European Central Bank interest rates.
Wednesday May 21 2008
Euro Strengthens  
The euro gained one cent against the dollar and climbed to the highest in almost a month versus the U.K. pound after German business confidence unexpectedly rose.
Thursday May 15 2008
EU Annual Inflation Down to 3.3% in April  
Euro area annual inflation was 3.3% in April 20082, down from 3.6% in March. A year earlier the rate was 1.9%. Monthly inflation was 0.3% in April 2008. EU annual inflation was 3.6% in April 2008, down from 3.8% in March. A year earlier the rate was 2.2%. Monthly inflation was 0.4% in April 2008.
Thursday May 15 2008
Euro Rises Against Dollar  
The euro rose for the first time in three days against the dollar after Europe's economy grew more than forecast, reducing the chances that the European Central Bank will lower interest rates.
Thursday May 15 2008
European Expansion Beats Forecasts  
European economic growth accelerated more in the first quarter than economists estimated as the strongest German expansion in 12 years powered the euro region through the global slowdown.
Wednesday May 07 2008
Euro Falls to Eight-Week Low Against Dollar  
The euro fell to an eight-week low against the dollar on speculation the European Central Bank will keep rates unchanged while signaling concern that economic growth is slowing at a policy meeting today.
Monday May 05 2008
Euro Rises Against Dollar  
The euro rose against the dollar, snapping a two-day decline, as traders bet the European Central Bank will keep interest rates at a six-year high this week.
Thursday May 01 2008
Euro Shows Signs of End to Bull Run  
Speculation that the euro’s seven-year bull run was coming to an end intensified on Thursday as the single currency fell to five-week lows against the dollar and the pound.
Tuesday April 29 2008
Will Europe follow United States?  
The Euro Area economy is likely to continue to slow down in the next two years due to the turmoil in world financial markets. But, will this drop in economic growth be significant and to which degree will it follow the U.S.?
Monday April 28 2008
Euro Rises Versus Dollar, Yen  
The euro rose against the dollar after an industry report showed German consumer confidence unexpectedly rose and ECB policy makers suggested interest rates need to stay high to quell inflation.
Thursday April 24 2008
Euro Falls Versus Dollar  
The euro dropped against the dollar and yen as an industry report showed German business confidence fell to the lowest in more than two years in April, indicating the U.S. economic slowdown is spreading to Europe.
Wednesday April 23 2008
Euro Falls Against Dollar  
The euro fell against the dollar after Luxembourg's Finance Minister Jean-Claude Juncker signaled concern over the U.S. currency's decline.
Tuesday April 22 2008
Euro Surpasses $1.60 for First Time  
The euro surpassed $1.60 for the first time as European Central Bank officials said they'll increase interest rates if inflation doesn't slow.
Monday April 21 2008
Euro Rises Versus Dollar  
The euro rose to within a cent of a record against the dollar as European Central Bank officials reiterated concern inflation is accelerating, increasing chances interest rates will stay at a six-year high.
Wednesday April 16 2008
European Inflation Accelerates  
European inflation accelerated more than initially estimated in March, reinforcing the European Central Bank's resistance to cutting interest rates even as economic growth cools.
Tuesday April 15 2008
Euro Trades Near Record High Versus Dollar  
The euro traded near a record high against the dollar on speculation inflation in the common- currency region is too strong for the European Central Bank to cut interest rates.
Thursday April 10 2008
Euro Rises to Record Against Dollar  
The euro rose to a record against the dollar on speculation the European Central Bank will signal today that it isn't prepared to cut interest rates anytime soon.
Thursday April 10 2008
Inflation Fears Keep ECB Rates on Hold  
Eurozone interest rates have been left unchanged at 4 per cent by the ECB – a clear sign that its fears about inflation continue to outweigh worries about economic growth in the 15-country region.
Wednesday April 09 2008
European Economic Expansion Cooled in Q4  
European economic growth cooled in the last three months of 2007, as tighter credit conditions and the euro's gains began to weigh on the region's expansion.
Tuesday April 08 2008
Euro Trades Near One-Week High Against Dollar  
The euro traded close to a one-week high against the dollar on speculation the European Central Bank will signal plans to keep interest rates on hold and the U.K. pound tumbled after a report showed a slump in house prices.
Monday April 07 2008
Euro Rises on Speculation Interest Rate Advantage Will Widen  
The euro rose against the dollar and yen on speculation the European Central Bank's focus on curbing inflation will widen the region's interest-rate advantage.
Thursday April 03 2008
Euro Zone Slowdown Gathers Pace  
Euro zone economies are slowing, and at very different speeds, but inflation remains consistently high, according to data that makes the European Central Bank's job of setting interest rates even tougher.
Thursday April 03 2008
Euro Falls Against Dollar, Yen  
The euro fell against the dollar and the yen after retail sales unexpectedly dropped and Bayerische Landesbank reported 4.3 billion euros ($6.7 billion) in writedowns from the collapse of the subprime-mortgage market.
Monday March 31 2008
Eurozone Inflation Surges to 16-year High  
Eurozone inflation has soared to the highest level for almost 16 years, data published on Monday showed, creating a fresh dilemma for the European Central Bank as it again pumps in extra overnight funds in money markets.
Thursday March 27 2008
Euro Falls against Dollar  
The euro fell for the first time in three days against the dollar on speculation losses at the region's biggest banks will spread amid the credit crisis.
Tuesday March 25 2008
Banks Lead European Stock Rally  
European equity markets rebounded strongly on Tuesday, with banking stocks leading the rally after JP Morgan’s move to increase its offer for Bear Stearns lifted Wall Street and Asia.
Wednesday March 19 2008
European Exports to U.S. Decline  
European exports to the U.S. fell last year for the first time in four years as the euro's appreciation reduced the competitiveness of euro-area goods.
Tuesday March 11 2008
Is the ECB Awake?  
In recent months the Euro Zone economy has shown signs of slowing. Industrial production has been falling in most of EU countries and inflation is reaching all times high. A strong Euro compounds all the problems and makes the situation even worst.
Monday March 10 2008
Euro Falls Against Dollar  
The dollar rose against the euro on Monday after European Central Bank President Jean-Claude Trichet said officials were worried about recent volatility in foreign exchange markets.
Thursday March 06 2008
Euro Hits New Record High vs Dollar  
The euro rose to a record after European Central Bank President Jean-Claude Trichet said there is ``strong upward pressure on inflation,'' signaling he's in no hurry to cut interest rates.
Thursday March 06 2008
Eurozone Interest Rates Left Unchanged  
Eurozone interest rates have been left unchanged by the European Central Bank against the backdrop of a fresh surge in the euro to a record high against the dollar.
Wednesday March 05 2008
Euro Falls Against the Dollar  
The euro fell against the dollar, retreating from a record high, on speculation European Central Bank President Jean-Claude Trichet will signal after a policy meeting tomorrow the region's common currency is too strong.
Monday March 03 2008
Dollar Close to Record Low Versus Euro  
The dollar traded close to the weakest ever against the euro on speculation the slumping U.S. economy will cause banks to report more losses from the collapse of the subprime-mortgage market.
Monday March 03 2008
European Inflation Remains at Record 3.2% in February  
European inflation remained last month at the highest level since the euro's debut, keeping pressure on the European Central Bank to leave interest rates on hold even as economic growth cools.
Friday February 29 2008
Eurozone Growth Outlook Darkens  
Sharp declines in economic confidence in Spain and Italy have darkened the growth outlook for the 15-country eurozone but some relief may be in sight on the inflation front, according to latest economic data.
Tuesday February 26 2008
Euro Rises After Ifo Survey  
The euro rose to a three-week high against the dollar after a private report showed German business confidence unexpectedly strengthened for a second month.
Monday February 25 2008
Japanese Stocks Climb  
Japanese stocks rose after Standard & Poor's reaffirmed its top credit rating on the largest bond insurers, alleviating concern downgrades would force banks to record losses on investments guaranteed by the insurers.
Friday February 22 2008
Eurozone Growth Rebounds in February  
The eurozone economy is refusing to crumble and activity even rebounded this month, according to a closely-watched survey.
Monday February 18 2008
European Shares Rally on Banks, Oil Stocks  
European shares rose on Monday as gains in British banks and oil stocks helped investors recover some of the sharp losses suffered in the last session.
Monday February 18 2008
Euro Declines Against Dollar  
The euro fell against the dollar, paring a gain last week that was the biggest this year, after European Central Bank policy maker Christian Noyer said regional economic growth may be weaker than expected, reinforcing speculation for lower interest rates.
Friday February 15 2008
European Exports Declines  
European exports fell the most in more than two years in December as slowing global growth and the euro's appreciation curbed orders for products from the region.
Thursday February 14 2008
Eurozone Growth Stronger than Expected  
Eurozone economic growth halved in the final months of last year but still outpaced the US and pointed to a gradual, rather than dramatic, slowdown under way.
Tuesday February 12 2008
Euro Rises Against Yen  
The euro rose against the yen and reversed losses against the dollar after German confidence unexpectedly strengthened this month, indicating Europe may withstand the effects of the U.S. economic slowdown.
Sunday February 10 2008
Euro Gains on Speculation ECB in No Hurry to Cut Rates  
The euro rose against the dollar and yen after European Central Bank President Jean-Claude Trichet signaled policy makers were in no hurry to cut interest rates.
Thursday February 07 2008
Euro Declines as Trichet Says U.S. Slowdown May Hurt Europe  
The euro fell for a third day against the yen and dollar as European Central Bank President Jean-Claude Trichet said the slowdown in the U.S. may curtail economic growth in Europe, signaling lower interest rates this year.
Thursday February 07 2008
Eurozone Interest Rates Left Unchanged  
Eurozone interest rates have been left unchanged by the European Central Bank as it seeks to bring surging inflation back within its target range.
Tuesday February 05 2008
Will European Union follow United States?  
Until very recently, several economic indicators, from GDP growth to business sentiment, have been supporting more economic growth in the Euro Area. Yet, some signs of slowdown started to appear on the beginning of 2008 and the region may follow the U.S. and start suffering from the subprime mortgage crunch.
Tuesday February 05 2008
Euro Falls Against Dollar, Yen  
The euro fell the most against the dollar in two weeks after an industry report showing growth in Europe's service industries weakened prompted concern the economy is being hurt by the slowdown in the U.S.
Thursday January 31 2008
Eurozone Inflation Soars to 14-Year High  
Eurozone inflation has soared to a 14-year high of 3.2 per cent, adding to the European Central Bank’s case a hard-line stance on future interest rate moves.
Thursday January 31 2008
European Confidence Declines, Inflation Accelerates  
Confidence among European executives and consumers fell more than economists forecast as inflation accelerated and U.S. growth slowed.
Wednesday January 23 2008
The euro fell for the first time in three days against the yen as  
The euro fell for the first time in three days against the yen as traders raised bets the European Central Bank will cut interest rates as credit markets threaten global growth.
Wednesday January 23 2008
ECB Resists Pressure to Cut Rates  
The ECB has signalled that it will not bow easily to pressure for cuts in eurozone interest rates, even as fresh data showed economic growth had again lost momentum.
Monday January 21 2008
Euro Falls to Five-Month Low Against Yen  
The euro fell to a five-month low against the yen as European stocks plunged by the most since 2001 on concern the global economy is slowing.
Monday January 21 2008
European Stocks Sink 5.6 Percent  
European shares sank 5.6 percent by midday on Monday, threatening their worst one-day fall since the attacks of September 2001 as investors rattled by the specter of a U.S. recession dumped stock across the board.
Thursday January 17 2008
Euro Area trade surplus at 2.6 bn euro in November  
The first estimate for the euro area (EA13) trade balance with the rest of the world in November 2007 gave a 2.6 bn euro surplus, compared with +5.2 bn in November 2006.
Thursday January 17 2008
Euro Falls to Two-Week Low Against Dollar  
The euro fell to the lowest in two weeks against the dollar after ECB officials said economic growth is slowing, prompting speculation the bank may follow the Federal Reserve in cutting interest rates.
Monday January 14 2008
Euro's Rise to Six-Week High  
The euro rose to a six-week high against the dollar, increasing pressure on European officials who say they are concerned the currency's appreciation will exacerbate an economic slowdown in the 15-nation region.
Thursday January 10 2008
Euro Rises Against Dollar After Trichet Says ECB Ready on Rates  
The euro rose by the most in a week against the dollar after European Central Bank President Jean- Claude Trichet signaled policy makers won't follow the Federal Reserve and the Bank of England in cutting interest rates.
Thursday January 10 2008
ECB Leaves Rates Unchanged  
Eurozone official interest rates were left unchanged on Thursday by the European Central Bank but its worries about the inflation outlook are likely to remain.
Wednesday January 09 2008
Europe's Economic Expansion Exceeds Earlier Estimate  
Economic growth in Europe was faster than previously estimated in the third quarter, as accelerating investment and exports gave the economy some momentum before higher credit costs threatened to curb the pace of expansion.
Tuesday January 08 2008
Eurozone Economy Shows Only Slow Decline  
Economic prospects across the 15-country eurozone are declining only slowly, although the outlook for Spain is deteriorating much more dramatically, a closely-watched survey indicated on Monday.
Monday December 31 2007
Euro Gains on Dollar in Official Reserves  
The euro has fast gained ground against the dollar in international official foreign exchange reserves in recent months, according to official statistics highlighting the nine-year-old currency’s growing global importance.
Wednesday December 19 2007
Trichet Signals No Room to Cut Rates  
European Central Bank President Jean- Claude Trichet signaled faster inflation will prevent a cut in borrowing costs as German business confidence fell to the lowest in almost two years.
Tuesday December 18 2007
Euro Area Trade Surplus at 6.1 bn Euro in October  
The first estimate for the euro area (EA13) trade balance with the rest of the world in October 2007 gave a 6.1 bn euro surplus, compared with +2.4 bn in October 2006.
Friday December 14 2007
Eurozone Inflation Hits 6-year High  
Eurozone inflation hit 3.1 per cent in November, the highest for more than six years, according to revised figures that will encourage the European Central Bank to keep talking tough on future interest rate moves.
Thursday December 06 2007
ECB Holds Rates at 4%  
Eurozone interest rates have been left unchanged at 4 per cent by the European Central Bank as the threat of slower growth in the 13-country region offsets the dangers posed by higher inflation.
Monday December 03 2007
Euro Area Unemployment Down to 7.2%  
The euro area (EA13) seasonally-adjusted unemployment rate stood at 7.2% in October 2007, compared with 7.3% in September. It was 8.0% in October 2006.
Friday November 30 2007
Stronger Euro: Is It Worth?  
In 1999, Hans Eichel, former Germany's finance minister said "The euro could become a reserve currency with equal status to the dollar". However, no one suspected this could happen as early as 2007. In fact, last week the euro traded close to $1.50 on rumors that central banks were replacing some of their U.S. dollar reserves with euros.
Friday November 30 2007
Eurozone Inflation Rise Likely to Test ECB  
Soaring inflation in the 13-nation eurozone is threatening fresh difficulties for the European Central Bank as it fights to calm tensions in financial markets that are casting a shadow over economic growth.
Friday November 23 2007
Eurozone Growth Hit by Services Slowdown  
Economic growth in the eurozone has been hit by a further slowdown in its service sector this month, a closely-watched indicator showed on Friday, as Jean-Claude Trichet, European Central Bank president, warned that banks faced a “material test” of their business models.
Friday November 16 2007
Euro Area Trade Surplus at 3.1 bn Euro in September  
The first estimate for the euro area trade balance in September 2007 gave a 3.1 bn euro surplus. In September 2007 compared with August 2007, seasonally adjusted exports fell by 0.4%, while imports rose by 0.1%.
Thursday November 15 2007
Euro Zone Inflation Jump Confirmed  
Energy and food prices pushed euro zone inflation in October to its highest in more than two years, but while economists expect this to trigger hawkish ECB talk, they see no interest rate rises as the economy slows.
Wednesday November 14 2007
European Economy Grows More Than Expected  
Economic growth in Europe accelerated more than economists forecast in the third quarter as company investment in factories and equipment rebounded.
Thursday November 08 2007
Trichet Says ECB Stands Ready to Counter Price Risks  
European Central Bank President Jean- Claude Trichet said the bank is still concerned that inflation will accelerate even amid signs that economic growth may slow.
Wednesday November 07 2007
Euro hits a new high! Is 1.50 the next stop?  
The euro hit fresh record highs of 1.4929 against the dollar after key Chinese official warned that the Asian giant may well diversify its reserves away from the dollar.
Wednesday October 31 2007
Euro Area Unemployment Down to 7.3% in September  
Unemployment fell to 7.3 percent in September from 7.4 percent in August, the lowest since the data were first collated in 1993. Eurostat, adjusted the August figure from 6.9 percent as part of revisions to the entire series.
Wednesday October 31 2007
Europe October Inflation Accelerates to Two-Year High  
European inflation accelerated more than economists forecast in October, while confidence in the economy declined, underlining the European Central Bank's quandary over whether to raise interest rates.
Tuesday October 23 2007
European Stocks Advance the Most in a Month  
European stocks rose the most in a month after better-than-expected forecasts from Schneider Electric SA and Lonza Group AG eased concern profit growth is slowing.
Thursday October 18 2007
Euro area trade surplus 1.3 bn euro in August  
The first estimate for the euro area (EA13) trade balance with the rest of the world in August 2007 gave a 1.3 bn euro surplus, compared with -5.2 bn in August 2006.
Tuesday October 16 2007
European CPI Rises Above ECB's 2% Ceiling  
Inflation in Europe accelerated in September as energy and food prices rose, with the annual rate exceeding the ECB's 2% ceiling for the first time in more than a year.
Wednesday October 10 2007
ECB Policy Makers Say Euro Strength Reflects Economic Outlook  
European Central Bank policy makers said the euro's appreciation shows investors are confident in the region's economic prospects, rejecting French calls to stem its rally to a record against the dollar.
Thursday October 04 2007
ECB Leaves Rate at 4% as Euro Threatens Growth  
The European Central Bank left interest rates unchanged today as the rising euro and a U.S. housing slump threatened to curb economic growth.
Tuesday October 02 2007
Euro Falls as Politicians Express Concern Over Currency's Gain  
The euro fell for a second day against the dollar and halted five days of gains versus the yen as European politicians expressed mounting apprehension over the pace of the advance.
Tuesday October 02 2007
Euro area unemployment stable at 6.9% in August  
The euro area (EA13) seasonally-adjusted unemployment rate stood at 6.9% in August 2007, unchanged compared to July. It was 7.8% in August 2006.
Monday October 01 2007
Trichet, Dodge, King May Follow Bernanke in U-Turn on Policy  
Central bankers from Europe's to Canada may follow Federal Reserve Chairman in an about-face, shifting toward supporting economic growth and away from fighting inflation.
Friday September 21 2007
European Manufacturing, Services Growth Slows  
Europe's manufacturing and service industries grew at the slowest pace in two years this month after a sudden increase in credit costs hurt banks, adding to evidence that economic growth is waning.
Thursday September 20 2007
Bear Stearns Net Drops Most in Decade  
Bear Stearns Cos., the securities firm hit the hardest by the collapse of the subprime mortgage market, reported its biggest profit decline since at least 1998 as rising U.S. home-loan defaults reduced bond-trading revenue.
Monday September 17 2007
Euro area trade surplus 4.6 bn euro in July  
The June 2007 balance was +7.6 bn, compared with +1.6 bn in June 2006. In July 2007 compared with June 2007, seasonally adjusted exports fell by 0.5%, while imports rose by 3.6%
Friday September 14 2007
EU area annual inflation down to 1.9%  
EU annual inflation was 1.9% in August 2007, down from 2.0% in July. A year earlier the rate was 2.3%. Monthly inflation was 0.1% in August 2007.
Monday September 10 2007
Trichet Says Economic Fundamentals Are "Solid'  
European Central Bank President Jean-Claude Trichet, who chaired a meeting of Group of 10 central bankers today, said the world economy remains strong after turmoil on financial markets.
Friday September 07 2007
Trichet Says ECB Determined to Act on Rates If Needed  
European Central Bank policy makers signaled their intention to raise interest rates further to contain inflation once financial-market turbulence has abated.
Thursday September 06 2007
ECB Leaves Interest Rates Unchanged  
Central banks worldwide are refraining from raising rates as they assess how the credit squeeze will affect economic growth. Today, the European Central Bank left interest rates unchanged today but Jean-Claude Trichet left the door open for more rate hikes.
Wednesday September 05 2007
Euro area GDP grew by 0.3% in Q2  
Euro area GDP up by 0.3% and EU27 up by 0.5% +2.5% and +2.8% respectively compared to the second quarter of 2006.
Sunday September 02 2007
ECB expected to hold steady on interest rates  
Investors will have plenty to chew on this week as they try to grapple with the fallout from the recent bout of market turbulence. In the eurozone, the European Central Bank’s decision on interest rates takes centre stage.
Friday August 31 2007
Euro area unemployment stable at 6.9%  
Euro area (EA13) seasonally-adjusted unemployment stood at 6.9% in July 2007, unchanged compared to June3. It was 7.8% in July 2006.
Monday August 27 2007
Trichet Keeps Rate Options Open, Declines to Comment on Economy  
European Central Bank President Jean- Claude Trichet kept his interest-rate options open, declining to comment on whether the financial market turmoil is undermining the European economy.
Sunday August 26 2007
Trichet May Keep Options Open as Investors Look for Rate Signal  
In his first speech since the financial-market rout began, Trichet may disappoint investors wanting a clear signal whether he will raise interest rates on Sept. 6. He may instead leave himself with room to maneuver, pledging liquidity to the banking system without closing the door on an increase. He speaks at 3 p.m. in Budapest.
Friday August 24 2007
The ECB will probably raise interest rates in September  
The European Central Bank confirmed in a statement that its monetary policy stance had not changed from earlier in the month. The ECB indicated it may still raise interest rates in September and announced an extra 40 billion euros to ease lending between commercial banks.
Tuesday August 21 2007
Euro Area trade surplus rose to 11.5 billion in June  
The increase in exports outpaced a 5 percent gain in imports, according to figures published today by the European Union's statistics office in Luxembourg, and left the 13-nation euro area with a trade surplus of 11.5 billion euros ($15.5 billion), compared with a 18.3 billion-euro deficit a year earlier.
Thursday August 16 2007
EU annual inflation down to 2.0%  
EU annual inflation was 2.0% in July 2007, down from 2.1% in June. A year earlier the rate was 2.4%. Monthly inflation was -0.3% in July 2007.
Tuesday August 14 2007
Europe's Economic Growth Slows More Than Forecast  
Europe's economy grew at the slowest pace in more than two years in the second quarter, hurt by weakness in manufacturing and construction.
Thursday August 09 2007
Euro falls Across the Board on more Credit Derivatives worries  
The euro fell more than 2 percent against the yen on Thursday as signs the U.S. credit sector wounds are starting to hurt European banks. French bank BNP Paribas decided to temporarily suspend redemptions on three of its funds that were hit by problems in the U.S. subprime mortgage sector.
Thursday August 02 2007
ECB holds Interest Rates Steady at 4% on its August Meeting  
As widely expected, on its August meeting, the European Central Bank left borrowing costs unchanged at 4%, a six-year high. However, Interest-rate futures show investors are betting the ECB will lift rates at least once more this year.
Tuesday July 31 2007
Euro area unemployment stable at 6.9%  
EU27 down to 6.9% Euro area (EA13) seasonally-adjusted unemployment stood at 6.9% in June 2007, unchanged compared to May.
Friday July 27 2007
Equity turbulence follows credit market sell-off  
European and UK equity markets were highly volatile after stocks in Asia and the US tumbled heavily amid a flight from risk over persistent fears about exposure to credit markets.
Thursday July 19 2007
Euro area external trade surplus 1.7 bn euro  
The first estimate for the euro area1 (EA13) trade balance with the rest of the world in May 2007 gave a 1.7 bn euro surplus, compared with -3.9 bn in May 2006.
Monday July 16 2007
EU inflation stable at 2.1% in June  
Euro area1 annual inflation was 1.9% in June 2007, unchanged compared to May. Monthly inflation was 0.1% in June 2007. EU3 annual inflation was 2.1% in June 2007, unchanged compared to May.
Friday July 06 2007
May 2007 Euro area and EU27 unemployment down to 7.0%  
Euro area1 (EA13) seasonally-adjusted unemployment2 stood at 7.0% in May 2007, compared with 7.1% in April3. It was 7.9% in May 2006.
Thursday July 05 2007
ECB leaves interest rate at 4%  
European Central Bank President Jean- Claude Trichet said on July 5 that interest rates are still low enough to support economic growth, suggesting policy makers are considering raising them further.
Wednesday June 06 2007
Euro area unemployment falls to 7.1% from 7.2% in March  
Euro area (EA13) seasonally-adjusted unemployment stood at 7.1% in April 2007, compared with 7.2% in March. It was 8.0% in April 2006.
Wednesday June 06 2007
Euro area Trade Balance is Expected to be 7.4 bn  
The first estimate for the euro area (EA13) trade balance with the rest of the world in March 2007 gave a 7.4 bn euro surplus, compared with +0.6 bn in March 2006.
Wednesday June 06 2007
Euro area and EU27 GDP up by 0.6%  
Euro area (EA13) and EU27 GDP both grew by 0.6% in the first quarter of 2007, compared with the previous quarter, according to first estimates released by Eurostat.
Wednesday June 06 2007
Euro area annual inflation is expected to be 1.9% in May 2007  
The flash estimation procedure for the MUICP combines historical information with partial information on price developments in the most recent months to give a total index for the euro area.
Wednesday June 06 2007
ECB Increases Rates by 25 basis points to 4.00%  
In June 6, 2007, the Governing Council of the ECB increased the minimum bid rate on the main refinancing operations of the Eurosystem by 25 basis points to 4.00%.
Monday June 04 2007
Euro Trades Near Record High Against Yen on ECB Rate Outlook  
The euro traded near a record high against the yen on speculation the European Central Bank will raise interest rates this year to stem inflation.
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