Tag Archives: Europe economy

Others Will Follow Greek Debt Tragedy: Niall Ferguson

The world debt overhang is threatening the world recovery, because markets will realize at some point how risky it is and the yields on bonds will increase, Niall Ferguson, professor of history at Harvard University, told CNBC Thursday. cnbcplayershare

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EURO-ZONE INFLATION RISES TO 1% IN JANUARY. UNEMPLOYMENT AT 10%

The 1% YoY inflation rate was the highest since Feb. 2009. No breakdown is available yet but comps with weak early 2009 food and energy prices are the likely culprits. The rate of unemployment, meanwhile, rose to 10% in December … Continue reading

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Euro-Zone Factory Orders Rebound

(…) The European Union’s statistics agency, Eurostat, said Friday that new industrial orders rose 1.6% in November from October, but were down 1.5% from November 2008. In October, new orders fell by a surprisingly large 1.9%, breaking a series of … Continue reading

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Euro-Zone Economic Expansion Slows

According to data provider Markit, the flash composite purchasing managers index for the euro zone fell to 53.6 in January from 54.2 in December. That reflected a decline to 52.3 in the services sector index from December’s 26-month high of … Continue reading

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German Producer Prices Unexpectedly Fall

German producer prices fell 0.1% in December from November and were down 5.2% from a year earlier, the Federal Statistics Office, Destatis, said Wednesday. (…) However, core inflationary pressures also weakened sharply due to a sharp drop in orders and … Continue reading

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Eurozone Unemployment Hits 10%

Unemployment in the eurozone breached the 10 per cent mark for the first time since the introduction of the single currency over a decade ago. Despite extraordinary measures to protect the labour market during the downturn, 4m have lost jobs … Continue reading

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EUROPEAN CONSUMERS STAY PUT

· Total Euro-Area consumer spending is down by 0.3% in November after being down in earlier months…seventeen down months in a row in fact. Over three months the pace of contraction in Euro-consumer spending remains about the same as over … Continue reading

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Euro-Zone November Retail Sales Disappoint

(…) Retail sales in the 16 countries that use the euro slumped 1.2% from October, matching the record monthly drop seen in October 2008 and 2001, the European Union’s Eurostat statistics agency said Thursday. Sales were 4% weaker than in … Continue reading

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Manufacturing Sector Expands in Euro Zone, U.K.

(…) According to Markit Economics, the PMI for the euro zone’s factory sector rose to 51.6 from 51.2 in November. (…) Data also showed the U.K. manufacturing sector expanded at its fastest pace for over two years in December. The … Continue reading

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EUROPE COMMERCIAL REAL ESTATE MARKET IMPROVES

(…)  Property values in the U.K. are down 8.4% since January, according to IPD, the London-based property-research group. But since August, U.K. commercial-property values have risen 5.4%. (…) There is still a lot of money chasing very few property assets—a … Continue reading

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ECB Sees Rising Bank Losses in Euro Zone

Exposure to Eastern Europe and Commercial Real Estate Leads to Forecast for Increased Write-Downs (…) The updated loss estimates for all loans and securities, which the ECB put at €553 billion ($796.57 billion) for 2007 to 2010, highlight the fragility … Continue reading

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GERMAN NOV. CORE PPI FLAT, DOWN 2.3% YoY

German producers still struggled to increase their prices in November, according to a separate report Friday from the federal statistics office, Destatis. Destatis said its index of producer prices rose 0.1% from November, but was still down 5.9% from a … Continue reading

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