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Category Archives: Europe economy
Euro-Zone Loan Growth Picks Up Pace
(…) Loans to the private sector rose 0.3% compared with June 2009, up from 0.2% annual growth in May, the ECB said. The headline figure is still anemic, but represents the third month in a row that it has been … Continue reading
Posted in ECONOMY, Europe economy
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EUROPE PMI AND INDUSTRIAL ORDERS SHOW STRENGTH
(…) Markit’s preliminary composite purchasing managers index for the euro zone rose to a three-month high of 56.7 in July from June’s 56, implying a strong start to third-quarter gross-domestic-product growth. The manufacturing PMI for the euro zone rose to … Continue reading
Industrial production up by 0.9% in euro area
In May 2010, seasonally adjusted industrial production grew by 0.9% MoM in the euro area (EA16) and by 1.0% in the EU27. In April production increased by 0.9% and 0.5% respectively. In May 2010 compared with April 2010, production of … Continue reading
German Exports Surge in May
(…) Destatis said exports rose 9.2% on the month to a seasonally adjusted total of €80.8 billion, only 5.4% below their pre-crisis monthly peak of €85.4 billion, and up by nearly 29% from their post-crisis low of €62.3 billion in … Continue reading
Posted in ***RECOVERY WATCH, ECONOMY, Europe economy
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German Manufacturing Orders Fall in May
German manufacturing orders fell 0.5% in May compared with the previous month as fewer big-ticket orders and a decline in demand for metals products weighed, government data showed Wednesday. But economists said the disappointing outcome represents a correction following recent … Continue reading
Eurozone Retail Sales Lifeless
In May 2010, compared with April 2010, the volume of retail trade increased by 0.2% in the euro area (EA16) and by 0.4% in the EU27. The non food sector increased by 0.4% and 0.5% respectively. In April retail trade … Continue reading
Euro Area Unemployment Rate Unchanged at 10.0%
The euro area (EA16) seasonally-adjusted unemployment rate was 10.0% in May 2010, unchanged compared with April. It was 9.4% in May 2009. The EU27 unemployment rate was 9.6% in May 2010, unchanged compared with April. It was 8.9% in May … Continue reading
Fears mount over slowing global demand
(…) Figures showed manufacturing output slowing across large parts of the world, posing further challenges to leading economies as they attempt to shore up shaky fiscal positions without falling back into recession. In Asia – the world’s production powerhouse whose … Continue reading
Euro-Zone Manufacturing Slows
(…) The final euro-zone manufacturing purchasing managers index, a gauge of activity based on a survey of some 3,000 manufacturing firms, eased to a four-month low of 55.6 in June from 55.8 in May. Although manufacturing production, new orders and … Continue reading
Europe’s Recovery Falters
The Conference Board’s Leading Economic Index for the euro zone dropped 0.5% to 109.7 in May, the first fall for 14 months. The decline follows strong increases of 0.8% April and 1.2% in March. Despite the drop in May, the … Continue reading
Soros: Germany Must Reflect on the Unthinkable
(…) By design, the euro was an incomplete currency at its launch. The Maastricht treaty established a monetary union without a political union – a central bank, but no central treasury. When it came to sovereign credit, eurozone members were … Continue reading
Posted in ANALYSIS, CURRENCIES, ECONOMY, Europe Inflation/Deflation, Europe economy, FISCAL STIM./DEF.
Tagged euro, soros
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Euro-Zone Factory Orders Rise
The euro area (EA16) industrial new orders index rose by 0.9% MoM in April. In March the index increased by 5.1%. In the EU27, new orders decreased by 0.2% in April 2010, after a rise of 7.1% in March. Excluding … Continue reading
