News and Reviews European Economic Zone

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News and Review of European Economic Zone

 

Eurozone Construction Output Drops For 3rd Month streak

Friday, January 17, 2014

 

Construction productivity in 17 - countries that use the euro currency slumped to a 3rd consecutive month in November , which is an indication that the recovery in the currency bloc has not touched all parts of the economy . This decline also highlights the growth of investment spending in the Euro zone are still weak .

 

Report of the European Union's statistics agency , Eurostat , showed construction output fell 0.6 % from October , and 1.7 % lower than the level in November 2012 . Previous output has also declined in September and October .

 

Eurostat explained that the increase in civil engineering projects throughout the month of November is still not able to offset the decline in residential construction and commercial buildings . Construction recorded a decline in Germany and Italy , but increased in Spain and France .

 

Performance of the construction sector is in contrast to other sectors of the economy , that it shows gain in November . Industrial output rose at the fastest pace since May 2010 , while retail sales grew at the highest speed record . The trade surplus is also reported to be increasing . November data as a whole leads to economic expansion .

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News and Review of European Economic Zone (Portugal)

 

Institutions Rating S & P credit rating of Portugal Optimistic On

Friday, January 17, 2014

 

Sovereign bond credit rating agency Standard & Poor's had stripped Portugal of credit monitoring (Credit Watch) along with the results of Portugal's coalition government is still committed to the austerity program set the EU and the IMF.

 

S & P also expect Portugal to achieve fiscal deficit target of 5.5% of gross GDP in 2013, as economic stability Portugal. Therefore Portugal's credit rating was maintained at BB / B with a negative outlook.

 

Portuguese policy makers lately has approved an austerity package to cut the budget includes wage and pension benefits of 3.2 billion euros. The budget plan is the heaviest since Portugal asked for financial aid in 2011.

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News and Review of European Economic Zone (UK)

 

Economic Recovery Shoot for Profit Institutions Financial Services UK

Monday, January 20, 2014

 

UK financial services industry began to feel the effects of the economic recovery , as the company reported growth in earnings , volume of business and optimism in the fourth quarter , according to a survey . Approximately 69 % of companies said they felt more optimistic about the business situation compared keseluruan only 1 % who feel less optimistic , according to a survey of financial institutions CBI / PwC on Monday . Highest level since the survey began was 68 % . The survey also showed that about 46 % from the company saw increased business volume , the highest number since June 2007 .

 

The increase in closing volume increase in the total cost of creating profit growth for five consecutive quarters , according to research by the Confederation of British Industry ( CBI ) and PwC . The volume of business and profitability is expected to re- grow in the next quarter , according to the data . " All the main indicators of optimism , rising business volume and profitability . However the good news is the long -term confidence indicators such as marketing costs , labor and investment costs also rose sharply , " said Matthew Fell , CBI Director of Competitive Markets on .

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News and Review of European Economic Zone (UK)

 

UK Property Sales Price Rise Most in Month Many December to January

Monday, January 20, 2014

 

The selling price of homes in the UK scored highest increase for the period from December to January, according to property website Rightmove on Monday, likely menamah anxiety about the risks of the housing price bubble. Data from Rightmove showed property prices rose 1% to enter the market at the time December 9 until January 11. These data began in 2002.

 

This increase contrasts with an average decline of 0.2% at a similar time in the last 10 years when the Christmas holiday season, says Rightmove. Annual growth rates are at 6.3%, its highest level since November 2007 and more than 3 times the rate of inflation. Rightmove said there are signals that increase the supply of homes entering the market in 2014 but needed more development in the private and social sectors to meet the level of demand.

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News and Review of European Economic Zone (Italy)

 

Italian Industrial Orders Jumped in November

Monday, January 20, 2014

 

Italian industrial orders recorded a sharp rise in November, as domestic firms ignore the ongoing credit crisis. Orders jumped 2.3% from October, according to the national statistics agency Istat reported on Monday.

 

Details of the Istat report showed domestic orders rose 4.1%, while foreign orders dropped 0.4% in November.

 

Although still volatile, with the increase in November managed to offset the decline in October, the latest data indicates a rebound of investment by Italian companies in the domestic economy is still contracting.

 

At the annual level, Italian industrial orders grew 3.0% in November from the same month in 2012 with domestic orders increased 5.5%. While foreign orders recorded a decrease of 0.5%.

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News and Review of European Economic Zone

 

Nowotny : ECB May Be Revised Up Euro Zone Growth Outlook

Tuesday, January 21, 2014

 

The European Central Bank will be revised upwards estimates mungkain euro zone economic growth rate , according to the ECB's Ewald Nowotny officials , reiterated that he thinks there is no inflation or deflation in sight as the ECB maintains a loose monetary policy . The German economy is performing well and Austria , Spain and Ireland began to grow , and the French stable , he said on Tuesday .

 

" If you distribute risk at this stage , it is likely higher than the improved outlook deteriorating , " he said when asked about the chances of the ECB raised its forecast for economic growth later in March . Rapid increase in the growth rate in 2015 will trigger a rise in inflation rate , but inflation will remain below the ECB's target of close to but below 2 % . " The euro zone drove the right direction , " tamabhnya . ECB menaikakn growth rate for this year in the month of December and estimated gross domestic product ( GDP ) for the euro zone grew by 1.1 %

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News and Review of European Economic Zone (Germany)

 

German ZEW Investor Confidence Dropped Off Estimates

Tuesday, January 21, 2014

 

The level of investor confidence in Germany unexpectedly fell for the first time in 6 months , signaling concern about the outlook for the euro zone 's economic recovery . The ZEW Center for European Economic Research in Mannheim said its index of investor and analyst expectations , which predict economic developments six months ahead , dropped menajdi 61.7 in January from a 7 -year high in December 62 . Economists predicted a rise to 64 .

 

Germany relied on the level of domestic consumption to drive economic growth rate over the euro zone's biggest trading partner difficulty with the unemployment rate was at a record high and a reduced number of loans daribank . Bundesbank had predicted that German gross domestic product will expand " strongly " in the coming months after signaling a slowdown in the last quarter of 2013 .

 

" We meihat general recovery in the German economy , with a GDP growth rate of slightly more powerful than the previous quarter , " said Ralph Solveen , head of economic research at Commerzbank AG in Frankfurt . " We hesitate to raise the estimated level of investment is too high because of the pressure of wage levels would inhibit expansion prospects of the company . "

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News and Review of European Economic Zone

 

Still Mighty Pound Against Euro Ahead of Data The Optimist

Tuesday, January 21, 2014

 

The pound reached its highest level in two weeks against the euro before the release of the industry reports that economists said will show business optimism index in Britain rose to its highest level in 20 years in the three months to January .

 

Sterling was little changed against the dollar before the release of a government report tomorrow that analysts say will show the unemployment rate down to the target threshold of the Bank of England at the 7% level that might trigger a policy maker to revisit when they will Rev benchmark rate . The central bank will release minutes of January meeting tomorrow . Andrew Haldane , who is an executive director for financial stability , will make a speech today in Frankfurt .

 

The pound rose less than 0.1 % to 82.44 pence per euro in the afternoon after the penny has appreciated to 82.33 yesterday, the strongest level since Jan. 9 . The UK currency traded at around $ 1.6420 at 15:31 pm .

 

Business optimism index of the Confederation of British Industry ( CBI ) rose to 25 this month from 24 in October , according to the median estimate of analysts in a Bloomberg survey . That would be the highest level since January 1994 , data compiled by Bloomberg .

 

The unemployment rate fell to 7.3 % in the three months to November , according to a Bloomberg survey . Bank of England Governor , Mark Carney in August said that policy makers will not consider Rev borrowing costs until at least the unemployment rate fell to 7 % .

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News and Review of European Economic Zone (Switzerland)

 

ZEW : Sustainability Eurozone Recovery Will Spur Growth in Switzerland

Wednesday, January 22, 2014

 

Swiss economic expectations slipped from its highest level in more than 3 ½ years in January . But financial analysts are still optimistic that euro zone economic recovery will spur further growth in Switzerland .

 

The results of a survey held by the ZEW Institute with Credit Suisse Group showed the main index of investor and analyst expectations dropped slightly to 36.4 in January , from 39.4 in December . A positive number indicates more poll participants who expect the economy will expand more than the expected growth worse .

 

The report is also in line with the ZEW survey in Germany , the largest market for the export of Switzerland , on Tuesday . Despite being released on that estimate , the German economic expectations still remain high amid signs that Europe's largest economy has been on a solid growth path .

 

"The outlook described by analysts remain promising , with economic progress is also expected to encourage economic situation in Switzerland in the medium to long term , " said Credit Suisse analyst . " The economic recovery in the euro zone are being started should also boost demand for Swiss goods industry , which can stimulate the economy in the next 6 months . "

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News and Review of European Economic Zone (UK)

 

Being British Unemployment Rate Down 7.1 %

Wednesday, January 22, 2014

 

The unemployment rate in the UK fell more than economists forecast to the lowest level in nearly five years , was very close to the limit of 7% of the Bank of England to review its interest rate policy . The unemployment rate as measured by the International Labour Organization methods turunmenjadi 7.1 % in the three months to November from 7.4 % in the previous three months , according to the Office for National Statistics said in London today . Economists forecast a decline to 7.3 % . In December , the level of unemployment claims fell as much as 34,000 , less than economists forecast .

 

The data will add to pressure on the BoE governor Mark Carney to reassess its policy guidance , where the Monetary Policy Committee has said it will consider the rise in interest rates when the unemployment rate has dropped to 7 % . By approaching these limits more quickly than anticipated , economists said the central bank will revise the instructions when interest rates Inflation Report released later on February 12 .

 

" Continuously improving economic activity and business confidence have resulted in a stronger substantial progress in the labor market in recent months , " said Howard Archer , economist at IHS Global Insight in London . " We expect the unemployment rate will drop to 7 % in the second quarter of 2014 . "

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News and Review of European Economic Zone (UK)

 

BoE Not Haste Raise Interest Rates

Wednesday, January 22, 2014

 

Bank of England rate is not being in a hurry to raise interest rates , even if the unemployment rate in the near future down to the level of 7 % limit for reviewing monetary policy . BoE Meeting Minutes January 8-9 released Wednesday shows that the current BoE officials expect the unemployment rate will reach the 7% level " is much faster than previously thought , " as a stronger economic recovery in the UK .

 

In August last BoE said it will not raise interest rates until the unemployment rate fell to 7 % , something which diperkiakan will take at least 3 years . However, the unemployment rate has dropped much more sharply than expected BoE , and in the three months to October unemployment rate stood at 7.4 % . Data as of November fatherly three months fell to 7.1 % in conjunction with the release of the BoE minutes .

 

Many economists think the unemployment rate is currently 7 % can be achieved in the coming months , and the BoE policy board kept emphasizing that if it happens , they do not intend to immediately raise interest rates . Expectations of rising interest rates in the spring of next year have resulted in monetary conditions tighten , resulting in the strengthening of sterling in recent months , according to the BoE . The inflation rate has dropped faster than expected in recent months , and in December the inflation rate reaches 2% target for the first time in more than 4 years .

 

"Members of the council said no hurry to raise interest rates despite restrictions hika unemployment rate of 7% will be achieved in the near future , " according to minutes of the BoE . " What's more , it seems an obstacle to the growth rate will continue to be for a while, and inflation will remain under control . However if it 's time to raise interest rates has arrived , the increase is more appropriate if done gradually . "

 

Temporal decline in the unemployment rate indicates better -than-expected economy , there are still vacant capacity in significant numbers and just look at the unemployment rate can be misleading , said the BoE . The BoE added that there is a risk of an increase in the estimates that UK GDP will grow just under 1 % in the last quarter of 2013 and first quarter of 2014 .

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News and Review of European Economic Zone (UK)

 

Fisher : Low Interest Rates Needed To Trigger Growth

Thursday, January 23, 2014

 

Bank of England hold interest rates should remain low for a while to trigger a faster rate of growth in the UK economy , according to a senior official of the central bank on Thursday . In a speech in London , Paul Fisher , executive director of the BOE to the market , said Britain must grow at a rate faster than the increase at this time to create the revenue needed if the economic recovery that started will continue . He said with a limited level of inflation , the central bank officials should not be in a hurry to tighten monetary policy , according to the statement.

 

"I think we are still far from the level appropriate to start raising interest rates and when the time comes , is more appropriate if done gradually , " said Fisher , BOE interest rate related . Fisher said the UK economy still faces the challenge of improving the signal level despite recent growth , including large household debt and a low level of demand for goods and services in the UK eurozone countries , a large export market for the UK .

 

" We have to give more time for the economy to recover before we start raising interest rates or asset purchases attractive , " said Fisher . Fisher said he thought did not need to raise interest rates in the near future , although the target of 7 % is achieved in the near future . The results of the BOE meeting minutes released yesterday also showed a similar vein , a signal that interest rates will likely remain low even if the labor market rebound.

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News and Review of European Economic Zone

 

Current Account Surplus Rises Eurozone

Thursday, January 23, 2014

 

Euro zone current account surplus increased in November, according to data released by the European Central Bank on Thursday.

 

Current account, which shows the financial position of the international economy, recorded a surplus of € 23.5 billion ($ 32.0 billion) in November, up from a surplus of € 22.2 billion inscribed in October.

 

Euro bloc's merchandise trade surplus rose to € 18.6 billion in November from € 16.6 billion in the previous month, which may reflect the efforts of several euro zone countries to rebalance the economy through export growth of domestic demand and reduce reliance on imports.

 

As for the services sector, the surplus in November fell to € 9.5 billion from € 10.1 billion in October.

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News and Review of European Economic Zone (UK)

 

BOE Paul Fisher Jamin At Fixed Rate Level Low

Thursday, January 23, 2014

 

Executive Director of the Bank of England (BOE) are also members of the Monetary Policy Committee, Paul Fisher, Thursday (23 Jan) said that its benchmark interest rate will be maintained at low levels for this time. It is intended to encourage the growth of the UK economy.

 

Fisher said that inflation remains subdued so inadequate to conduct monetary policy tightening. And when it's time, higher interest rates will be gradual.

 

Fisher also stressed that the decline in UK unemployment rate approaching 7% threshold that is determined before the BOE would not be an automatic trigger for the BOE to hike interest rates because the economy must be given time to grow stronger.

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News and Review of European Economic Zone (Portugal)

 

Portugal Sure Can Get Out Of Bailout Program

Friday, January 24, 2014

 

Portugal may exit the bailout program without extra funding facility , according to Economy Minister Antonio Pires de Lima . "The economy has recovered Portugal so the government can choose whether to use the extra funding facility or not when out of the bailout program on 17 May. Government will take a decision whether to use the facilities before the end of the bailout program , " de Lima said in an interview with CNBC .

 

Investor sentiment against the Portuguese has improved and is visible from the rally in the stock market and bond market . Portuguese government bond yields on the 10 year is still below 5 %, better than the 7% level when Portugal slipped to euro - zone debt crisis . De Lima uttered improved market conditions reflect the government's efforts to meet the economic targets set creditors and also steps to shore up the sustainability of the economic recovery .

 

Meanwhile , the euro is still trading near its strongest level 1 week at the beginning of the Asian session . EUR / USD is now trading 1.3682 ; are not so far from daily highs 1.3696

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News and Review of European Economic Zone (Italy)

 

Italy Optimistic With economy recovery

Friday, January 24, 2014

 

Italian economic recovery underway in which Italy can record economic growth of 1 % in 2014 , according to Economy Minister Fabrizio Saccomanni . However, Saccomanni also uttered Italian labor market will take time to recover to its original state . " Italy has come out of resei that economic recovery may take up to a positive impact on the labor market , " said Saccomanni told CNBC .

 

CEO of Unicredit , Italy's leading banks , also looks optimistic with the recovery of the Italian economy , although only 0.5 % economic growth target for this year . Governor of the Bank of Italy , Ignazio Visco , express Italy 's economic recovery is still slow , but still in the right track . " The situation of credit and labor are still lagging behind the pace of the economic recovery . However , we see a rise in orders from abroad . Strong manufacturing activity and good export performance . There competitiveness improvement and production costs are also reduced , " said Visco , who also serves as a member ECB governing council .

 

Meanwhile , the euro is still trading near its strongest level 1 week at the beginning of the Asian session . EUR / USD is now trading 1.3682 ; are not so far from daily highs 1.3696

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News and Review of European Economic Zone (UK)

 

BoE Will Not Raise Interest Rates In Near Time

Friday, January 24, 2014

 

BoE Governor , Mark Carney , the Bank of England express will not only depend on the unemployment rate as the benchmark interest rate . Comments BoE 's target of Carney can sinyalkan forward guidance may be waived only six months since adopted . Leaders BoE said the UK economy is quite different when compared to lau . However, the BoE 's Carney also reiterated that the central bank does not plan to raise interest rates in the near future .

 

The BoE has adopted a forward guidance since Mark Carney served as head of the Bank of England in mid-2013 . Even at the BoE meeting in January, the Bank of England still says it will not raise interest rates until the unemployment rate falls below 7 % and inflation exceeds 2.5 % . Meanwhile , recent data showed UK unemployment rate continued its decline to reach 7.1 % for the month of December.

 

Meanwhile , sterling was trading near its strongest level 2 years in the early Asian session . GBP / USD is now trading 1.6625 ; are not so far from daily highs 1.6637

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News and Review of European Economic Zone (UK)

 

British Prime Minister : Restore Employment in Europe !

Monday, January 27, 2014

 

After the debt crisis that plagued the last 3 years , the people of Europe have not enjoyed an economic impact of improvement in the recovery program . One of the problems that begin worrying is the lack of new job creation . In addition because of the company's capital expenditure is still small , the reluctance of employers to open a factory in Europe contributed to the economic downturn .

 

British Prime Minister , James Cameron , criticized the policy makers and businessmen European region . According to him , the labor sector improvements can only be achieved if the investor wants to invest in its own territory , and does not necessarily create new jobs in a country with low production costs such as China .

 

In the World Economic Forum , Davos , Cameron said that now is the right moment to bring back jobs to the UK and Europe . The problem in developing countries , the economic and business questions began to change so turned profitable western countries . The minimum wage in some developing countries began to rise , transportation costs soaring and European consumers have begun purchasing power . " This rare opportunity should not be wasted to restore employment to our own homes , " he said .

 

In the UK alone , the number of unemployed continues to shrink , or so contrary to the conditions in the euro zone , where the number of people without jobs is increasing due to the influence of the economic recession . British businessperson successful opening of 250,000 new jobs in the three months to November last year . The amount represents the largest quarterly increase in inter- national history .

 

David Cameron stated that there are two arms for Europe to return to normal . The first is the reform of the system and the rules on capital investment . Second , the intensification of technological development of natural resources including shale gas revolution , which is a trend in the United States . " If we act now , we can take advantage of a new round of globalization , " he explained .

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News and Review of European Economic Zone (Germany)

 

Business confidence in Germany Rise For Third Month

Monday, January 27, 2014

 

The level of business confidence in Germany rose for the third month , hinted that the expansion in the country with the largest economy in Europe may be accelerated .

 

Business climate index by the Ifo institute , based on a survey of 7,000 executives , climbed into 110.6 in January from 109.5 in December . Economists previously forecast to rise 110 , according to the estimates of 45 economists in a Bloomberg survey .

 

Germany is the key to a sustainable recovery in all 18 countries in the euro area , they are the largest trading partner , after the region experienced the longest recession . Bundesbank predicts that the German economy will expand by " strong " in the coming months after signs of slowing down in the final quarter of 2013.

 

" It is an affirmation of the process of gradual acceleration , " said Annalisa Piaza , a fixed income analyst at Newedge Group in London . It is based on the gradual rise in exports , as well as on family spending growth behind the drop in the unemployment rate these days and the growing number of investment companies . "

 

The number of German unemployment fell for the first time in five months in December and the unemployment rate held at 6.9 % level , near the lowest level in two decades . Private consumption , imports and exports last year were all up , and the German manufacturing might be expanded for the seventh month in January .

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News and Review of European Economic Zone (Turkey)

 

Endeavor Turkey weir Emerging Market Fall

Monday, January 27, 2014

 

Turkey's central bank said it will hold a special meeting to set monetary policy on Tuesday, triggering a rebound tomorrow currency after the Turkish lira fell to a record low and managed to reduce the global stock market crash.

 

Flows of capital outflow also appears in Argentina, Turkey and South Africa including Brazil, due to the shift of capital flows from emerging markets to developed country markets assets.

 

Furthermore, the focus of investors will be focused on China's PMI index and the data of capital outflow, if both these indicators deteriorated then it may be difficult in emerging markets to rebound with a stable, in line with tapering stimulus plan caused investors to profit taking from risky asset markets.

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News and Review of European Economic Zone (UK)

 

UK Economy Grows at the fastest pace since 2007

Tuesday, January 28, 2014

 

Based on a report ahead of its official release today, the UK 's GDP in 2013 grew at the fastest pace in six years . Confederation of British industry ( CBI ) , estimates of economic growth close to 2 % in 2013 , with an increase in credit conditions and a better global economy through consumer spending and business confidence levels .

 

" A picture shows a real revival in output in all sectors of the UK economy . Many companies in some sectors feel better prospects than they had been previously , suggesting the economic recovery effort " said Katja Hall , CBI chief policy director .

 

CBI monthly indicators of economic growth shows the recovery of the UK economy continued momentum until the end of 2013 , with output growth of 30% in the three months to January . CBI also estimates the UK 's growth to remain robust in 2014 .

 

Official data from the British government showed the unemployment rate fell to 7.1 % in the three months to November , the lowest level since December 2009m inflation of 2% in accordance with the target set by the BoE .

 

While the International Monetari Fund ( IMF ) increased its estimate of UK growth in 2014 from 1.9 % to 2.4 % .

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News and Review of European Economic Zone (France)

 

French Jobless Rate Worsens

Tuesday, January 28, 2014

 

French unemployment rate reached a record high as 3.3 million people in December , which was a blow to the economic policies of President Francois Hollande . The number of unemployed rose as much as 10,200 , or by 0.3 % in December , according to the French Ministry of Labour . For 2013 as a whole , the unemployment rate rose as much as 5.7 % .

 

" Although in recent months the rate of deterioration of the labor market has become half of last year's level , the labor market can not be stabilized despite government efforts to reverse the negative trend , " said Fabrice Montagne , an economist at Barclays Research .

 

Data released at the wrong time for Hollande , the campaign plans to slash the French unemployment rate . The French government is expected to begin negotiations for a " responsibility pact " on Tuesday . This pact is dimumkan Hollanda earlier this month , aims to cut the unemployment rate and increase kompetitifitas by lowering labor costs are high French .

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News and Review of European Economic Zone (UK)

 

With the UK economy rate of Fastest Growing In 6 Years

Tuesday, January 28, 2014

 

UK economy in 2013 to a record of the fastest annual growth rate since the financial crisis despite a slight slowdown in the last quarter of last year , government data showed on Tuesday . Strengthen expectations for a brilliant 2014 , the UK gross domestic product rose 0.7% in the fourth quarter , according to the Office for National Statistics , in accordance with economists' forecasts for a slight slowing of the pace in the third quarter .

 

The rapid pace of growth in the UK which is above the long-term trend , is likely to increase speculation about when the Bank of England will raise interest rates from a record low . BoE Governor Mark Carney has said not to raise interest rates in the near future , as the total output of the UK is still well below pre-crisis levels . However, the unemployment rate has dropped much faster than the central bank forecast in August, raises the question of what would be caused by long-term inflationary pressures on the economy .

 

Quarterly GDP data on Tuesday brought the UK growth rate for 2013 increased to 1.9 % from just 0.3 % in the previous year . This is the highest level since 2007 , although the total output is still 1.3 % below the high levels reached before the financial crisis first quarter of 2008 , a situation which is weaker than almost all other developed economies .

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News and Review of European Economic Zone (UK)

 

UK House Prices Rise in 13 Months streak

Wednesday, January 29, 2014

 

UK house prices rose in 13 straight month in January, and is growing at the fastest annual pace in four years . Janurai home price index rose 0.7 % month on month in December and rose 8.8 % from January 2013 . Average house price of £ 176,491 , the highest level in the last six years . Figures from the Nationwide showed housing demand remains high , despite the Bank of England mortgage support scheme attractive .

 

" The housing market continues to find momentum increment of Pharmaceutics further employment growth , the level of the low mortgage rates and rising levels of keprcayaan . Significant improvement in the labor market in recent months also drive the prospect of rising interest rates , while we do not expect a rate rise until mid-2015 , the borrower should be prepared to hike interest rates to near normal levels " said Robert Gardner , Nationwide 's chief economist .

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News and Review of European Economic Zone (Germany)

 

Consumer Confidence Reaches Highest Level Since 2007

Wednesday, January 29, 2014

 

The level of consumer confidence in Germany improved for the fifth consecutive month in February as domestic recovery is gaining momentum , according to a survey of market research group GfK on Wednesday . The consumer confidence index for the month ahead rose sharply to 8.2 from a revised rose to 7.7 in January . This figure is the highest level since August 2007 . Economists forecast the confidence index unchanged from January ie at 7.6 .

 

" Germany considers the domestic economy is clearly being recovered at this time , " said GfK . " The sharp increase in consumer sentiment also supported by the reduced tendency to menambung lately. " Income expectations index rose to a 13 -year high at 46.2 in January from 39.5 in December . Economic expectations jumped to 35.5 from 23.3 , the highest level since July 2011 . Index interest to buy rose to 50.0 from 46.1 . scored its highest level since late 2006 .