News and Reviews European Economic Zone

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News and Review of European Economic Zone (UK)

 

Osborne : UK Needs Pruning greater spending

Monday, January 6, 2014

 

The British government require further budget cuts of £ 25 billion ( $ 41 billion ) after the 2015 elections to suppress loan and support a sustainable economic recovery , according to Finance Minister George Osborne on Monday .

 

Although it did not provide specific figures for the austerity measures , Osborne has previously been indicated if the party would propose cutting back government spending if managed to win the upcoming election .

 

" We need to get back around £ 25 billion to reduce post-election , " Osborne said in an interview with the British Broadcasting Corp. . " Failure to continue the plan will bring us back to one point , namely economic collapse . "

 

British Finance Minister 's comments raised at the beginning of a promising sustainable economic growth , following a surprising expansion in 2013 . The independent Office for Budget Responsibility Office estimates that the UK economy grew 1.4 % in 2013 , and will accelerate to 2.4 % in 2014 .

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News and Review of European Economic Zone (France)

 

French Consumer Confidence Rises

Tuesday, January 7, 2014

 

French consumer confidence rose slightly at the end of last year, though still below the long term average, based on national statistics agency reported Tuesday.

 

Insee report showed French consumer confidence index rose to 85 in December from 84 in November. While the rate of long-term average at a level of 100.

 

While the French consumer's financial condition and their ability to save or make a purchase simply shows little significant change. In addition, the survey also shows households have more confidence to the future standard of living and no longer worry about the problem of unemployment.

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News and Review of European Economic Zone (Germany)

 

German Labor Market incised Positive Results at End of Year 2013

Tuesday, January 7, 2014

 

German labor market is able to end the year 2013 on a positive note after experiencing weakness in some of the previous month , with the jobless claims unexpectedly decreased in December .

 

German labor bureau , Bundesagentur fur Arbeit ( BA ) , reported if the number of jobless claims fell 15,000 in December from November . That left the unemployment rate unchanged at 6.9 % . The decline was somewhat surprising given the labor market in Germany which was hit by the strain , which has recorded a rise in jobless claims for the fourth straight month in August to November .

 

However, some economists still warn about the risk of the latest government policy , which can mempersuram labor market prospects . As anticipated , the new German government plans to introduce a national minimum wage , with few exceptions , and strengthening labor market rules . A move that could trigger job losses , especially among small businesses .

 

However , overall the German labor market is still the strongest in the euro zone , where many economies of other countries hit by the decline in job numbers .

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News and Review of European Economic Zone

 

Eurozone Inflation Eases Back

Tuesday, January 7, 2014

 

The annual inflation rate in the euro zone slowed again in December , sparking renewed worries that inflation is too weak to threaten the region's economic recovery is still fragile .

 

Initial estimate of the European Union's statistics agency , Eurostat , showed consumer prices grew 0.8 % in the 12 months to December , slower than the 0.9 % that is inscribed in November . Without taking into account food and energy prices are volatile , inflation was only recorded an increase of 0.7 % .

 

Separate data from Eurostat also indicates if consumer prices are not likely to experience a sharp increase in the coming months . Factory gate inflation dipped for the 2nd month in a row in November .

 

In November the European Central Bank was forced to lower the benchmark interest rate to a new record low of 0.25 % as the final act to stimulate the economy , after the annual inflation rate hitting 0.7 % in October . The ECB previously had set a target inflation slightly below 2 % .

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News and Review of European Economic Zone (Germany)

 

Unemployment Dropped In Germany 15,000

Wednesday, January 8, 2014

 

The unemployment rate in Germany fell for the first time in five months in December , indicating the increased level of confidence in the national corporate pricing power despite the euro zone is still weak .

 

The number of people who lost their jobs in countries with the largest economies in Europe fell by a seasonally adjusted 15,000 which becomes 2,965 million , said the Federal Labour Agency in Nuremberg . Eurozone inflation slowed to 0.8 % , in a separate report by the European Union 's statistics agency in Luxembourg on Tuesday .

 

Germany currently rely on the domestic market for growth as the euro zone's 18 member states are struggling to sustain the recovery . Meanwhile the German Bundesbank predicts GDP will rise by " strong " in the coming months , the European Central Bank has warned that the euro area will face inflation outlook " weak " and the economy " poor . "

 

" Strong employment data for the end of the year have provided further support for a strong settlement in consumer spending in 2013 , " said Christian Schulz , an economist at Berenberg Bank in London . " The strong labor market data have Rev chance at the high wage growth in 2014 and will lead to strong consumption . "

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News and Review of European Economic Zone

 

Eurozone Retail Sales Jumped in November

Wednesday, January 8, 2014

 

Retail sales in the 17 countries that use the euro currency rose by the fastest pace in 12 years in November , boosted hopes that the revival of domestic demand will be able to push the region 's fragile economic recovery and eroding the threat of deflation .

 

Report of the European Union's statistics agency , Eurostat , showed retail sales grew 1.4 % in November from October and 1.6 % higher than November 2012 . The monthly growth was the strongest since November 2001 . While a number of economists surveyed earlier estimates only Euro zone retail sales will grow 0.1 % .

 

The jump in retail sales as a surprise considering that the Euro zone unemployment rate remains high so far . Other Eurostat report on Wednesday also showed the number of people who do not have jobs declined by 4,000 to 19.241 million in November . Blocks that keep the unemployment rate unchanged at Euro 12.1 % . Wage growth is also still very slow , which helped erode consumer confidence in November .

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News and Review of European Economic Zone (Germany)

 

German Manufacturing Orders Soar

Wednesday, January 8, 2014

 

German Economy Ministry said German manufacturing orders rose in November from the previous month, led by orders from outside the Eurozone.

 

Manufacturing orders jumped 2.1% in November from October when it fell 2.1%, and above expectations for an increase of 1.5% from economists. Orders from outside the German manufactured goods rose 2.2% from the previous month due to a surge in orders from outside the euro zone by 3.5%. While domestic orders rose 1.9%.

 

Such data could support the economy because of the economic data released earlier showed surprisingly weak rate at the beginning of the fourth quarter 2013 in the state with the largest economy in Europe. However, the increase in business sentiment and capital goods are expected to support the growth of German industrial activity in the coming months.

 

Compared with November 2012, total orders rose 6.8%.

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News and Review of European Economic Zone (UK)

 

Shrinking Trade Deficit UK in November

Thursday, January 9, 2014

 

The increase in exports has helped narrow Britain's trade deficit in November , indicating if the economic recovery that has started since the beginning of 2013 has been continued until the last quarter .

 

Office for National Statistics report showed the UK goods trade deficit shrank to £ 9.4 billion ( $ 15.46 billion ) in November from £ 9.7 billion in the previous month . The figure was in line with economists' expectations .

 

Details of the ONS report also showed exports to China along the 3 months to November surged to record highs . That's good news for the UK government 's ambition to sell more goods to developing countries with rapidly growing quickly .

 

Although imports also increased , especially the purchase of cars from EU countries other , but the numbers are still relatively small . Thus leading to a reduction in the overall deficit .

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News and Review of European Economic Zone (Germany)

 

German Industrial Output Jumps 1.9%

Thursday, January 9, 2014

 

Productivity of German industry managed to recover fully from the fall in October with jumped in November, triggered increased activity in the technology and automotive sectors, the Economy Ministry reported Thursday.

 

November industrial output rose 1.9% after falling 1.2% in October, which exceeded expectations for a rise of 1.5% from economists and encourage the Ministry of Economy to publish a more optimistic assessment. German industry outlook "positive" and strong production in November, signaling an increase in total industrial output in the last quarter, according to the Ministry of Economy assessment.

 

Earlier this week the Ministry of Economy has also reported a sharp rise in manufacturing orders in November. Which indicates if the backbone of German industry has gradually returned to a normal growth rate.

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News and Review of European Economic Zone (UK)

 

BoE Hold Interest Rates Low and Stimulus

Thursday, January 9, 2014

 

The Bank of England ( BoE ) kept interest rates low at 0.5 % and the stimulus program of £ 375 billion on Thursday to support the strengthening of the British economy .

 

Sterling and UK bond markets did not move much after the announcement of the monetary released , the next BoE meeting minutes will be released to the public on 22 January .

 

Most economists expect the pace of economic growth in the UK rose to 2.5 % in 2014 , while posting the fastest economic expansion since 2007 . Therefore, there were expectations that the Bank of England will soon leave the easy money policy and raise interest rates .

 

BOE officials led by Mark Carney has previously pledged to keep interest rates at record low levels to keep the economic recovery as long as inflation does not soar above the target . During November the UK 's annual inflation rate was steady at 2.1 % and diekspektasikan still close to the target level of 2 % BoE in the next few years .

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News and Review of European Economic Zone (UK)

 

Stagnant UK manufacturing output in November

Friday, January 10, 2014

 

UK manufacturing output in November was weaker than previously estimated and construction output fell , gives an overview of the UK's economic recovery in the final quarter of last year may be slowing .

 

Office for National Statistics said manufacturing output unchanged between October and November due to weak production of vehicles and drugs offset the increase in the output of steel , plastic , and food products . The ONS said overall output flat in November from the previous month , due to the retention of production of propane , butane and similar products from the North Sea .

 

Economists had forecast a rise in UK manufacturing output up 0.4 % at will , and lift the entire production industry, by 0.5 %

 

While the construction sector also reported poor results , with the decline in output between October and November , dragged by a decline in new building construction and maintenance parts .

 

The figures are likely to trigger concern among policy makers that the British economic recovery is far from convincing . Bank of England at a meeting yesterday to maintain interest rates at 0.50 % and the target level of bond purchases by 375 billion pounds .

[mynameisandhy]

News and Review of European Economic Zone (UK)

 

UK Retail Sales Weak in Late 2013

Friday, January 10, 2014

 

UK retail sales in December 2013 was weaker than the other months throughout 2013, but sales were still better than the same period of the prior year driven by a surge in online sales in addition mekanan .

 

The British Retail Consortium said retail sales month of December 2013 was 0.4% higher than in December 2012 . Penujualan online besides food products grew 9.2 % compared to the previous year , up 16 % from November and is the highest growth since March 2010 .

 

" Overall this is a good result , in line with our prediction that trading during Christmas 2013 will reflect a higher level of confidence than the previous year , this is not always matched with more revenue " said Helen Dickinson , the general director of the BRC .

 

The data also provide some assurance that the UK consumer spending may provide a positive contribution to growth in the UK in the fourth quarter of 2013 . Some economists forecast fourth -quarter GDP will accelerate from the second and third quarter grew 0.8 % when .

[mynameisandhy]

News and Review of European Economic Zone (UK)

 

BRC : UK Retail Sales Growth Slows in December

Friday, January 10, 2014

 

UK retail sales growth rate slowed in December despite the strong signal level of consumer confidence , industry data showed Friday , raising questions about the durability of recovery . Closing the holiday season is a great mix for retailers in the UK , the British Retail Consortium said that consumers shop more 1.8 % in December from a year earlier , slower than the annual growth of 2.3 % in November . Once adjusted , the level of sales 0.4 % higher to an annual rate , compared with a 0.6 % rise in November .

 

" While consumer confidence is higher than a year earlier , the data is not always followed by an increase in the amount of money in the pocket , " said BRC Director General Helen Dickinson . Food , clothing , electronic equipment , and health and beauty products is the largest contributor to the growth in sales while sales of shoes , sandals and restrained household products .

[mynameisandhy]

News and Review of European Economic Zone (Italy)

 

Italian Industrial Production Slows Reported

Monday, January 13, 2014

 

Euro currency trading today (January 13) show less encouraging performance against the Euro on the pair EUR / USD. Euro bullish pattern was observed in the moderate, down from a strong bullish reviewed in the span of two months last trade.

 

Negative sentiment towards the euro seems to increase after Istat (Italian Statistical Office) report to the public that weaken performance on the production sector in this country, although able to show positive growth.

 

The development is indicated by a decrease in the fundamental indicators of Italian Industrial Production m / m 0:30% fell into the numbers of the previous period is 0.70%. Unfavorable report showed lower performance than the estimated number of economists, who expect to be able to grow 0.60%. Euro currency tracked moves respond negatively to these developments.

[mynameisandhy]

News and Review of European Economic Zone (France)

 

Industrial Production In France Experiencing Increased

Monday, January 13, 2014

 

The movement of the Euro in currency trading EUR / USD today ( January 10 ) showed a negative sentiment towards the currency, and looked retreat on strong bullish pattern is reviewed in the last two months .

 

Meanwhile, European economic signals today relative mix where INSEE ( National Institute of Statistics and Economic Studies - France ) said that the recent industrial production data showed the better performance .

 

The development is indicated by an increase in the economic indicators French Industrial Production m / m the figure rose to 1.3 % from the previous period is -0.5 % . Encouraging information showed better performance than the estimated number of economists , who predicted hany figure will rise to 0.6 % .

 

However, the EU 's statistics office , Eurostat , today is scheduled to announce the latest economic data which indicators Final GDP q / q expected to remain on hold at 0.3 % rate in the previous period which also stands at 0.3 % .

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News and Review of European Economic Zone (UK)

 

UK Inflation Slows at End of Year 2013

Tuesday, January 14, 2014

 

Britain 's annual inflation rate slowed to its lowest level in more than four years in December , a staggering decline that can strengthen the commitment the Bank of England to keep interest rates low in order to keep the economic recovery .

 

Office for National Statistics report Tuesday showed consumer price annual inflation in the UK fell to a 2 % target of the central bank from 2.1 % in November . Economists had estimated that the annual inflation rate to rise to 2.2 % in December following a price increase in domestic energy bills are a major supplier announced at the end of 2013 .

 

ONS explained that the slowdown triggered by the rising prices of food and drinks that are lower than the previous year , which helped offset a sharp rise in gas and electricity prices for households .

 

Under the command of Governor Mark Carney , the Bank of England had previously pledged to keep its benchmark rate at a record low of 0.5 % for inflation continues to persist is not far from the target of 2 % . The Bank of England policy makers also confirmed if they will only consider tightening policy when the unemployment rate has touched 7 % . Based on the data in October , UK unemployment rate perched at the level of 7.4 % .

[mynameisandhy]

News and Review of European Economic Zone

 

Eurozone Industrial Output Jumps in November

Tuesday, January 14, 2014

 

Euro zone industrial output grew at its fastest pace in 3 ½-year in November, which is an indication of the sustainability of the currency bloc's economic growth for 3 consecutive quarters. Significant rise in euro zone factory output has removed a number of doubts about the economic recovery further.

 

Data released earlier showed the productivity of industry, construction and the Euro zone retail sales decline in October, although business surveys continue to show positive results throughout the three months to December.

 

Report of the European Union's statistics agency, Eurostat, showed industrial output rose 1.8% from October, and 3% higher than the same month last year. That broke the 1.4% rise expected output of economists. The figure for October was revised to down 0.8% from the initial publication showing the fall of 1.1%.

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News and Review of European Economic Zone (UK)

 

Inflation in the UK in December 2013 Most Low

Tuesday, January 14, 2014

 

UK inflation slowed further as the Office of National Statistics reported the UK in December 2013 UK inflation rate slowed to 2 percent from 2.1 percent in the previous month . This is the first time that the consumer price index was below the target since November 2009 , when the index stood at 1.9 percent .

 

Monthly prices slowed to 0.4 percent from 0.5 percent in November . The decrease was driven decline in the price index derived from the price of food and non - alcoholic beverages , especially fruit and meat , and recreational goods and services such as computer games .

 

The largest contribution comes from the increase in the price of transport , in particular the cost of petrol and diesel . The price of petrol rose by 0.5 pence per liter between November and December . The price of diesel rose 0.8 cents per liter . Contributions above partially offset by the price of tickets .

 

Overall price increases for gas and electricity in December 2013 was slightly larger than the increase in the previous year , thus contributing to the top of the small against inflation . Components that support the inflation as transportation ( 16.2 % ) and Housing , Water , Electricity , Gas and other fuels ( 14.4 % ) . Recreation and Culture accounts for 13.4 % , restaurants and hotels 11.4% , and Food and Non-Alcoholic Beverages 11.2 percent .

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News and Review of European Economic Zone (Germany)

 

German Economy Expanding 0.4 % in Year 2013

Wednesday, January 15, 2014

 

German economy expanded less than forecast in last year even though they lead the euro zone out of the longest recession in the region .

 

Gross domestic product ( GDP ) rose as much as 0.4 % from 2012 , when the GDP rose 0.7 % , the Federal Statistics Office said today in Berlin . Sebelumnyan economists expect growth will reach the level of 0.5 % , according to the median estimate of 26 economists in a Bloomberg News survey . State budget deficit amounted to 0.1 % of GDP .

 

Germany , which is the largest economy in the euro zone , is the key to sustain the recovery in the region , where the unemployment rate is still at a record high and bank lending is still contracting . European Central Bank President Mario Draghi said last week , after policy makers keep the benchmark interest rate at a record low of 0:25 % , he said that the risks to the economy in the euro area is still on the side of negatifya .

 

" Europe is still trying to recover after the crisis and Germany are the main reasons why the euro zone economy returned to growth , " said Andreas Moeler , an economist at the Bank in Dusseldorf WGZ file . " Private consumption is the key for German expansion in the past year and it is still going to be vital in 2014.

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News and Review of European Economic Zone

 

Eurozone Trade Surplus Rises in November

Wednesday, January 15, 2014

 

Euro zone trade surplus goods to other countries around the world rose in November from the same month last year. But it is more reflective of a decrease in imports than exports rise.

 

Sharp increase in the Euro zone trade surplus over the past year in part due to reduced energy imports, and partly fueled by increased exports of manufactured goods. Although the November figures show the trade sector continues to sustain growth in the last quarter of 2013, a decrease of imports and exports indicates that happen still fragile economic recovery.

 

Report of the European Union's statistics agency, Eurostat, shows the 17-nation euro currency users able to record a surplus in trade in goods amounted to € 17.1 billion ($ 23.4 billion) in November, up from € 12.5 billion in November 2012.

 

But other Eurostat report on Wednesday showed exports fell 0.2% from October, which is the first monthly decline since July last year. Import reportedly recorded a sharper decline, with a drop of 1.3%.

 

Throughout the last few years, trade has become one of the main drivers of growth in the euro zone, although it is more often caused by a decrease in imports compared to exports. In the 3rd quarter of last year, the trade also proved also affect growth, with imports rising much faster than exports.

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News and Review of European Economic Zone (Germany)

 

German Economic Growth Slows Possible

Wednesday, January 15, 2014

 

The Federal Statistics Office in Berlin said Germany's economic growth may be slowing in the fourth kuartak due to the fragility of the economic recovery in the Euro Zone . German gross domestic product was estimated at 0.25 % in the three months to December , compared with growth of 0.3 % in the previous period . While economic growth in Germany during the year 2013 was estimated at 0.4%, below economists' forecasts of 0.5 % .

 

Statistics Office is scheduled to release data on GDP estimates for the fourth quarter on Feb. 14 . Germany is the largest economy in the bloc of 18 countries is key to the sustainability of the economic recovery in the region . The unemployment rate in the euro zone remained at record highs , and bank lending is still contracting .

 

According to a report released today , household consumption rose 0.9 % in 2013 , and government spending grew 1.1 % . Imports rose 1.3 % and exports grew 0.6 % . While investment fell 2.2 %

 

" The euro zone is still trying to strengthen the post- crisis , and Germany became the main alasamn why the region's economy returned to growth " Consumption is the key to German expansion in the past year , and will also be vital in 2014, "said Andreas Moeller , an economist at Bank WGZ file .

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News and Review of European Economic Zone (Portugal)

 

Portugal Sure Can Release From Bailout in May

Thursday, January 16, 2014

 

Portugal believes it can exit its bailout program on May 17, but the economic recovery is still a long way , according to the state secretariat of European Affairs of Portugal . " We are very confident to get out of the program , " said Bruno Maçães . However , our country is not a successful example for policy tightening , he said . " All of this through a very difficult process and in fact , I 'm not sure we want to talk about ' success ' - the unemployment rate is still very high and people have suffered as a result of the tightening process , but we do what is necessary and also the community . "

 

Maçães said he and the government is confident that Portugal may exit its bailout program on May 17 , but said the exact condition to exit the bailout program worth 78 billion euros ( 106.6 billion dollars ) is still unknown . " It is important to await news of growth in 2014 will we get in a few months or at the moment and to see if we can continue the economic recovery . "

 

Comments Maçães ' comes as Portugal - one of the countries hit by the euro zone debt crisis - trying to prove that the country no longer require international financial assistance . Portugal was forced to ask for help from the International Monetary Fund and its neighbors in the euro zone when entering a recession . As approaching the end of his three-year tenure assistance program , last week the Portuguese government launched a 5-year bond in an effort to demonstrate its ability to mebiayai own country in a public market .

[mynameisandhy]

News and Review of European Economic Zone

 

Vehicle Sales in Europe Down 5 year streak

Thursday, January 16, 2014

 

European Automobile Manufacturer 's Association ( ACEA ) reported vehicle sales in Europe rose 13.3 % in December 2013 from the same period the previous year , but throughout the year 2013 vehicle sales volume was decreased .

 

Sales in December showed an increase in monthly sales year -on-year in 2013, the largest since 2009 . However, ACEA said sales during 2013 decreased 1.7 % from the previous year , and to a decline in five consecutive years . Sales in the last year was the worst since 1995 ( when the EU consisted of 15 countries ) , and is the worst since 2003 when ACEA began collecting data covering 28 EU countries .

 

The group said sales provide a significant difference in the European market for 12 months . Sales rose 10.8 % in the UK , and in Spain grew 3.3 % . While in Germany and France , respectively down 4.2 % , and 5.7 % .

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News and Review of European Economic Zone

 

Eurozone inflation target Steer ECB

Thursday, January 16, 2014

 

Annual inflation in the 17 European countries that use the euro currency fell in December , moving further below the target of the European Central Bank , and continues to provide a weak inflation concerns may hinder the ability to overcome the bloc 's debt problems .

 

Eurostat said the inflation rate in December rose 0.3 % from the previous month . Meanwhile, if compared with the previous year , inflation rose 0.8 % in December , below the rise in November by 0.9 % , and getting away from the ECB's target of 2.0 % . Eurostat also confirmed core inflation which excludes food and energy sector fell to 0.7 % , its lowest level since record began in 2001 .

 

President of the ECB , Mario Draghi , at the last meeting Jan. 9 monetary policy , and said it would respond aggressively if inflation fell to dangerous levels , and promised to take the decisive step .

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News and Review of European Economic Zone (UK)

 

UK Retail Sales Jumped in the End of Year 2013

Friday, January 17, 2014

 

UK retail sales grew at the fastest annual pace in more than a 9 - year in December , which is a sign of the growing interest in consumer spending as the UK's economic recovery . Office for National Statistics said Friday that if the retail sales increase was driven by higher spending at small stores , a trend that has been observed by the government over the past few months .

 

ONS report showed retail sales rose at an annual pace of 5.3 % in December , which is the fastest annual growth since October 2004 . At the monthly level , retail sales also posted the strongest growth since February 2010 with a rise of 2.6 % from October .

 

Economists had expected retail sales to record growth of 2.5 % at an annual rate of only 0.2 % on a monthly rate .

 

Recent data indicate that the UK economy accelerated in the final three months of 2013 , after growing at an annual rate of 3.2 % in the 3rd quarter .