News and Reviews European Economic Zone

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News and Review of European Economic Zone (France)

 

The current account deficit is large, the French feared Sluggish Economy

Thursday, March 20, 2014

 

As reported by the Central Bank of France , noted that the French current account fell back in January 2014 after previously successfully demonstrated a reduction in the deficit figures .

 

The deficit , which stood at ( EUR - 3900mil ) is quite disappointing . The reason , economists estimate that the country is able to reduce the deficit to figure ( EUR -2710.1 miles) in January .

 

Soaring current account deficit in France presumably due to reduced capital flows to the country . Noted French original capital flow surplus , this time it recorded a negative . Seen also the French trade balance in January also increased the deficit .

 

The French government must immediately take appropriate steps to anticipate the ballooning deficit on the current account in the country . Because , with a swelling current account deficit in France could provide a negative sentiment to investors both local and foreign to the French capital market became one of the pillars of advocates over the pace of the economy of a country .

[mynameisandhy]

News and Review of European Economic Zone (Germany)

 

Reported Rise , Sector Production In Germany Not Satisfactory

Thursday, March 20, 2014

 

Performance Euro today ( March 20 ) observed a positive on the pair EUR / USD , and showed a sharp rebound though still sunk in a bearish trend , starting in the last trading period of two months .

 

Euro monitored receives enough positive sentiment pad EURUSD pair of investors today after the German statistics office , Destatis , announced data on the manufacturing sector showed improved performance .

 

This is shown by an increase in indicators of economic fundamentals German PPI m / m 0.0 % to number of previous period of - 0.1 % . These developments show lower performance than the estimated number of economists , who expect to be able to go up to the 0.2 % figure .

[mynameisandhy]

News and Review of European Economic Zone (Italy)

 

Italian Industrial Orders Soar In January

Friday, March 21, 2014

 

Italian industrial orders surged in January , reversing a slump in December , due to the increase in global orders grew at the fastest pace in two years. This increase gives hope to lead the export of the third largest economy in the European .

 

Istat reported industrial orders nauk 4.8 % in January from the previous month , after slumping 4.9 % in December . Foreign orders increased 6.4 % , while domestic orders rose 3.8 % . Compared to the previous year , industrial orders rose 2.6 % in January . Industrial sales also rebounded in January , up 1.2 % from December typewriting down 0.3 % . Overseas sales rose 2.4 % while domestic sales increased 0.7 % .

 

These figures give hope will improve the Italian economy and GDP will grow despite increased unemployment and weak household consumption .

[mynameisandhy]

News and Review of European Economic Zone

 

ECB Get Authority To Close Bank

Friday, March 21, 2014

 

Europe finally authorize the closure of banks to the ECB as a further effort in creating a banking union . This course will strengthen the authority of the ECB after also given supervisory authority of the banking sector in the euro zone . The ECB can now close the bank is considered too weak to survive . However, Europe does not form a government bailout that could be used to pay closing costs or bank guarantees to protect depositors savings along .

 

It certainly will complicate EU countries to challenge the central bank if the ECB considers the need for closure of a bank . To finance the closure of banks , the ECB will establish a joint bank fund worth 55 billion over the next 8 years . Although the number of mutual funds is quite small , but the fund can apply for loans to cover the funds that have been used . The funding will be sourced from banks and instead of euro - zone governments . German economy minister welcomed the deal because it could encourage banks to participate creditors bear losses in case of bankruptcy of banks .

[mynameisandhy]

News and Review of European Economic Zone

 

Towards Euro Weekly Decline

Friday, March 21, 2014

 

The euro traded higher against the dollar , but still headed for its first weekly decline in seven weeks.

 

The euro earlier fell two days in a row against the dollar after the Federal Reserve cut its monetary stimulus of $ 10 billion to $ 55 billion per month , as well as providing a signal would soon raise interest rates . Fed Chairman Janet Yellen said no longer use the limit of 6.5 % unemployment as a reference to raise interest rates , and will use a variety of economic indicators . Yellen said interest rates will likely rise six months after the monetary stimulus is stopped . Some Fed officials estimate the interest rate will increase to 1 % at the end of 2015 , and to 2.25 % a year ago . Dollar dominates all currencies .

 

The euro is getting depressed will be the difference between the Federal Reserve's policy by the European Central Bank . While the Fed gives sinyak will soon raise interest rates , the ECB signaled the existence of further monetary easing if deflation threatens Eurozone back . Inflation in blocks of 18 European countries in February was revised down from the initial estimate of 0.8 % to 0.7 % . President of the ECB , Mario Draghi , said last week the central bank has prepared a supplemental policy to protect the economy from the threat of deflation .

 

The euro is currently traded higher after slumping in two consecutive days . Investors and traders will still awaits Fed official statement this evening , to seek clarity of monetary policy going forward . EURUSD is currently trading at around 1.3793 with daily lows and highs 1.3764 1.3803 .

[mynameisandhy]

News and Review of European Economic Zone

 

Russia Threatens Sanctions European Banking Profit Prospects

Monday, March 24, 2014

 

European financial companies were completely wrong in running the operations in Russia . Unclear sanctions block west to the Moscow business plan banks in Eastern Europe to be a mess .

 

So far it has been a block west to impose sanctions on officials , businessmen and Russian companies access to a freezing of funds and transactions in the United States and the European Union . However, the validity period is still uncertain and the opportunity for additional sanctions also wide open . This makes the foreign financial companies reluctant to cooperate and provide financing facilities to the Russians . Although revenue to be dredged from the territory of Russia is very promising , anyone would not want to fight today's Washington command .

 

The entire financial companies strive to comply with the sanctions even with a heavy heart . " All our policies in line with U.S. government regulations , especially with regard to sanctions for any party and the country , " said a Bank of America in a statement . A similar sentiment was expressed by European financial institutions , Deutsche Bank , which said it would continue to monitor the latest developments and comply with the instruction center . " We will apply the sanctions if it is so ordered , " Deutsche explained to the media crew .

 

When compared with banks and financial companies from Europe , the American private financial sector to lend small sums to entrepreneurs from Russia which is about $ 37 billion . The amount is equivalent to only 0:25 % of the value of assets both at home and abroad. Bank of America even claimed credit exposure to the Russian market only amounted to $ 6 billion, or very small compared to the total liquidity circulating around the world is about $ 1.9 trillion .

 

While the amount of money lent by banks from Europe to Russia is much larger , reaching $ 184 billion, or 0.4 % of the total assets of the banking industry . France became the country with the largest corporate borrower with a total nominal $ 51 billion , followed by Italy , Germany , England and the Netherlands . Austria is also among the fairly large amount of lending to the Russian side , if measured by the ratio of the total national banking assets .

 

Economist of Deutsche Bank complained potential earnings decline if sanctions against Russia continues to apply. In addition to the adverse effects of the freezing of assets , European banks should also be aware of the feasibility of the debtor when the Russian crisis will worsen .

 

Financial sanctions imposed by the United States and the European Union to the majority of business people and officials of the Russian government after the referendum Crimea . West Block promised to expand the scope of punishment if Russia ignores international advice on takeover province of Crimea region of Ukraine .

[mynameisandhy]

News and Review of European Economic Zone (France)

 

French PMI Bereskpansi in March

Monday, March 24, 2014

 

French private sector activity showed expansion in March , after contracting for four consecutive months . Expansion in March also became the fastest pace in more than two years.

 

Markit Data released preliminary estimates the combined French PMI activity which measures manufacturing and services rose to 51.6 in March . The figure is the highest in the last 31 months , and jumped away from Februasi of 47.9 months .

 

Manufacturing activity rose to 51.9 in March from February's 49.7 , while the service sector activity rose to 51.4 from 47.2 the previous month . Figures in March both sectors is higher than economists eskpetasi .

 

" Improved large PMI data in March , indicating the private sector goes in the right direction , with activity , new business and inventory re-grow " said Jack Kennedy , economist at Markit senior .

[mynameisandhy]

News and Review of European Economic Zone (Germany)

 

German PMI Slows in March

Monday, March 24, 2014

 

Private sector activity in Germany is still expanding in March, gives an overview of the continuing economic growth at the end of the first quarter, but the pace of the PMI activity is slower than in February.

 

Preliminary estimates Germans composite PMI, which measures manufacturing and service sector activity fell to 55.0 in March, from 56.4 in the previous month. A reading above 50 indicates expansion, while one below 50 indicates contraction.

 

Slowdown occurs in both sectors. Preliminary estimates German manufacturing activity was 53.8 in March from February's 54.8, while services fell to 54.0 aktivias from the previous month at 55.9. The decrease in both the data also below economist estimates of 54.7 for the manufacturing sector, and 55.8 for the services sector.

[mynameisandhy]

News and Review of European Economic Zone (Russia)

 

Flow Capital Outflow From Russia Rises Sharply

Tuesday, March 25, 2014

 

Russia hit by capital outflows biggest since the 2008 financial crisis in Q1 2014, as reported by the Russian economics minister, triggered by deteriorating relations with Western nations since Moscow took over the territory of Crimea.

 

Hot money out of the country along Russia Q1 2014 is estimated to reach $ 65 billion - $ 70 billion, higher than the current capital outflows last year and the highest level since Q4 2008. Current skyrocketing capital outflow has an impact on the rate of decline in private investment and stifle economic growth.

 

As a result Russia's economy minister estimated Russia's economic growth rate in Q1 2014 will reach zero point. Moreover, should combine aggressive rate hikes by the central bank as a result of Russia's annual inflation rate that reached 6.9% - 7.0% exceeded the Russian central bank's target of 5%.

[mynameisandhy]

News and Review of European Economic Zone (France)

 

French Business Confidence Stable In March

Tuesday, March 25, 2014

 

French industrial business confidence seen steady in March, with the persist at the same level as the previous 3 months, referring to data released from the statistics bureau Insee Tuesday. French business confidence index last in the 100 level, which is the average long-term index and slightly above expectations of 99 economists.

 

Insee's monthly survey results also found that employers are still not sure of the level of production in March, despite orders from both domestic and overseas experienced a slight increase.

 

On the same day Insee also released the business confidence indicator wider, which includes the wholesale sector, construction, retail and services. The index was reported up to 95 in March from 94 in the previous month.

[mynameisandhy]

News and Review of European Economic Zone

 

Since the crisis of Ukrainian , Russian citizens in the UK Shopping Descending

Tuesday, March 25, 2014

 

Britain is one of the favorite investment destination country of residence , education and shopping for the citizens of Europe , especially the Russian people . In addition to business, not a few Russian citizens who live and send their children to big cities such as London .

 

The high Russian citizens visiting the UK is beneficial to many parties, especially the tourist industry and trade . But since the crisis peaked Ukrainian , Russian interest in consumer spending tends to decline . According to a survey of industrial research institutes and shopping tour the UK , Global Blue , the total expenditure Russian citizens in the shops and hotels in the UK fell by 17 % since the conflict Ukraine . Russia is recognized as one of the countries with the largest power consumer spending in the UK . The Russian people on average spend 669 pounds for a single transaction in the country of Queen Elizabeth , or a sizable nominal when compared to the average expenditure of other European citizens .

 

Unfortunately in February , decreased arousal shopping Russians so the country fell into position 4 in the list of non - European countries that spend the most money in the UK . " Political instability in Russia have a direct impact on the tourist industry this year , " said Gordon Clark , Manager of Global Blue UK . Nevertheless , Clark confident that the decline in spending can be masked by the high interest expenditures other citizens of the Middle East and China . Tourists from the Middle East is the biggest consumer of luxury goods for the UK to contribute 31% increase in spending in the UK in 2013 ago. While the number of people shopping luxury goods from China increased by 23 % for the same period .

 

Meanwhile, the company's researchers from Europe , Open Europe , believes that Russia's role in the economy of the city of London is not the news media . According to the analyst team , Russian investment in London is only 27 billion Poundtslirng or half a percent of total assets invested in the British capital ayng it . While the UK financial companies also have customers from Russia only by 1 % , or well below the expansion of services overseas in Switzerland and the European Union , which each accounted for 6 % and 28 % . The number of Russian companies listed on the London stock exchange also only about 4 % or 70 pieces so that the operation will not disturb the stability of the financial system and the national economy .

[mynameisandhy]

News and Review of European Economic Zone

 

Wait Assessment IMF In Ukraine Central U.S. warns Russia

Wednesday, March 26, 2014

 

Ukraine will receive the results of the assessment of the IMF today at the request of a bailout for the country in the middle of the U.S. continues to garner global support for punishing violations of the Ukrainian border .

 

An IMF mission to complete the talks in Kiev on problem loans in saying yesterday by the Minister of Finance of Ukraine , Oleksandr Shlapak that they have to finance about $ 15 to $ 20 billion . Shalpak said that the team will announce the results on this day .

 

In the center of Kiev government efforts in pursuit of relief that the need to avoid a default , President Barack Obama is scheduled to speak today about what it means from the impasse of negotiations with Russia over Ukraine to European security . Yesterday , he warned Russian President Vladimir Putin that Russia would face greater sanctions if they move further into the eastern regions of Ukraine after their annexation of the Crimea .

 

" Now dependent on Russia to act responsibly and show him once again that they are willing to abide by international rules , " Obama said in a press conference in The Hague . " If they fail to do that , they will get additional sanctions . "

 

Russia has been consolidating control over Crime and gather its forces along the border of Ukraine in what Obama is saying is that the shape of the " effort pengintimidasian " the most serious conflict with the U.S. and its allies since the end of the Soviet Union . The confrontation has made the U.S. and the European Union to impose sanctions on Russian officials and threatened to give greater impact if Putin can not ease the tension .

[mynameisandhy]

News and Review of European Economic Zone (UK)

 

Sterling Gains Three Days streak

Wednesday, March 26, 2014

 

After a slump over the last week, sterling began to recover and strengthen in three consecutive days against the dollar.

 

Sterling recorded its biggest weekly decline against the dollar in the last four months last week. Statement that the Federal Reserve will soon raise interest rates make the dollar dominates sterling for one full week.

 

At the last meeting of the BoE monetary policy to keep interest rates at 0.50%, and BOE Governor, Mark Carney, said it would not be in a hurry to raise interest rates.

 

Strengthening of sterling this time supported by a statement of the Bank of England member, Martin Weale. Weale said interest rates should return to more normal levels as the UK economy recovers. The statement gives eskpetasi BOE Weale also will raise interest rates in 2015.

[mynameisandhy]

News and Review of European Economic Zone

 

Differences Shadowed Euro Central Bank Policy

Wednesday, March 26, 2014

 

The euro weakened again terhadp dollar , after the trade yesterday managed to cut a sharp slowdown . Policy differences to be taken by the Federal Reserve and the European Central Bank continued to weigh on the euro movement . EURUSD is currently trading at around 1.3797 with daily highs and lows 1.3788 1.3826 .

 

While the Fed prepares to raise interest rates , the ECB is still struggling with deflation risk that is likely to make the European Central Bank provide further monetary stimulus .

 

Fed is expected to raise interest rates fastest first six months of 2015, the statement made ​​by Dennis Lockhart , president of the Fed Atalanta . Meanwhile, the Philadelphia Fed President Charles Plosser said the U.S. benchmark interest rate in 2015 could rise to 3 % and to 4 % by the end of 2016 . The statement lebihhawkish from the previous estimate of Fed officials , which is equal to 1 % at the end of 2015 , and 2.25 % a year later .

 

ECB board member Jens Weidmann , said negative interest rates is still one option to curb the strengthening of the euro . The strengthening of the euro has been considered as the slow pace of inflation in the 18 countries of the bloc . While other ECB board member Jozef Makuch , said the ECB was preparing additional measures , including the possibility of adding liquidity to avoid the threat of deflation .

[mynameisandhy]

News and Review of European Economic Zone (Ukraine)

 

Adhere to the IMF , Ukraine Raise Fuel Prices Up to 50 %

Thursday, March 27, 2014

 

As expected, Ukraine will have to sacrifice in order to get the status of EU membership . Yet nothing , this country already have to obey the commandment of the International Monetary Fund ( IMF ) to secure a loan of $ 15-20 billion .

 

Ukrainian government agreed to raise the price of fuel oil for domestic consumption by more than 50 % over the current price . The new tag of going into effect on May 1 and then gradually increased again to 2018 . This statement made ​​by management of the state oil company , Naftogaz , to the media some time ago .

 

The increase in fuel oil ( BBM ) certainly become unpopular decisions as citizens of Ukraine has long been used to purchase fuel at subsidized rates . Previous governments always buy oil from Russia to another is distributed to citizens at below market prices through subsidy mechanism . Subsidy removal is regarded by the IMF as a necessity in order to reduce the burden of the state budget deficit is already mounting .

 

Yury Kolbushkin , Director of Budget PLANNING Naftogaz , said that the increase also applies to companies with massive energy generation reaches 40 % as of 1 July. This policy became the first sacrifice of Ukraine in its efforts to achieve a loan from the IMF . The interim government and the IMF was still in Kiev to discuss the multi-billion dollar package of cuts that must be executed Ukraine to reduce the budget deficit and pay off its debt load . In addition ordered to combat corruption , the government also asked to revoke central bank intervention in the performance of the national currency . If all requirements capable of affordable , then the IMF is ready to disburse $ 15-20 billion in fresh capital as a first aid pack . IMF approval is indispensable Ukraine as it will also determine the disbursement of funds from the European Union and the United States .

[mynameisandhy]

News and Review of European Economic Zone

 

Germany Attempts to Avoid Escalation of Tensions With Russia

Thursday, March 27, 2014

 

The development of the Ukrainian crisis situation is still stable so far , where President Obama is repeating the same warnings as before the sanctions will be more severe for Russia unless Russia changed the direction of the escalation of the crisis Ukraine .

 

But Obama's comment was successfully offset by the positive comments of German Chancellor , Angela Merkel said that the coalition of Western countries have not reached the stage of implementation of economic sanctions and are not keen to add to the escalation of tensions with Russia .

 

Additionally bailout package for Ukraine is likely to be announced by the IMF today , with an estimated bailout fund reached $ 15 billion available until the end of April . This figure is within the range that is expected by the finance minister of Ukraine Shlapak of $ 15 - $ 20 billion .

 

Japanese Prime Minister Shinzo Abe announced this week that the Japanese government is likely to contribute to an emergency fund for approximately $ 1.5 billion Ukraine . IMF aid package was greeted positively rebound eventually leading to the Ukraine Hryvnia currency tumbled -20 % against the U.S. dollar in the last 2 weeks .

[mynameisandhy]

News and Review of European Economic Zone

 

Stimulus Expectations ECB Single Euro Currency Drag

Thursday, March 27, 2014

 

Expectations that the ECB will soon disburse the Fed-style QE stimulus is growing in order sustain the credit markets in the Euro zone, where it is becoming a negative catalyst for the EURUSD pairing.

 

The weakening of the Euro single currency also appeared in a number of cross rate EURAUD, EURGBP due to market participants increasingly aware of the striking divergence in policy direction ECB vs. the Fed and the BoE and RBA.

 

Report of UK retail sales jumped nearly 3-fold above estimate indicates the rapid rate of domestic spending and increasingly put pressure on the Bank of England (BoE) to consider a rate hike cycle, quite a contrast to the ECB.

 

As a result of pairing EURGBP -0.45% dropped sharply at the level of 0.8273, while the pairing EURUSD fell -0.18% traded at 1.3756, off an intraday high at 1.3795 level.

[mynameisandhy]

News and Review of European Economic Zone (France)

 

Disappointing French Consumer Spending in February

Friday, March 28, 2014

 

French consumer spending to increase only slightly in February, disappointing expectations of economists, according to data released Friday.

 

Consumer spending, which became the main motor of the French economy, grew 0.1% in February from January, according to the statistics bureau Insee report. Economists had predicted consumer spending would show a strong rebound of 0.7% after posting weaker performance in January.

 

Insee report also showed that if households continue to reduce food shopping for the 4th consecutive month in February. Spending on energy also decreased, although not as sharp as in January.

 

Overall the French consumer spending in February increased by 0.3%, but still below the level of growth recorded in the same month last year.

[mynameisandhy]

News and Review of European Economic Zone

 

Euro dimmed in the Middle Continued Easing Speculation ECB

Friday, March 28, 2014

 

The euro traded near its lowest level in three weeks before in publikasikannya estimated data will show inflation slowed in the region amid speculation that the European central bank will ease policy .

 

18 - nation currency was on track monthly decline against most major currencies . Meanwhile the Australian dollar to rise in the last five days , which is the longest rally in a row since October , before the Reserve Bank of Australia meeting on April 1, and after Governor Glenn Stevens said this week that it had any signs of improvement in the consumption country . In addition to the yen , Citigroup Inc. . estimated that the yen will weaken as the Bank of Japan is estimated to add stimulus in July .

 

" Disappointing inflation data will increase market expectations that the ECB will be in the barbershop , " said Masato Musashi , chief currency analyst at Sumitomo Mitsui Banking Corp. in New York . " Policy makers are not happy with the euro is seen near the range of $ 1.40 , so they probably will try to discuss the currency decline over the forecast easing control . "

 

Euro this morning only slightly changed in the range of $ 1.3742 at 8:35 pm from yesterday , when the euro touched $ 1.3729 , the lowest level since March 6 . Meanwhile the European currency bought 140.46 yen from 140.41 yesterday's range , which is preparing for a decline of about 0.4 % on the week , For this month , the euro fell 0.4% against the greenback and was little changed against the yen .

[mynameisandhy]

News and Review of European Economic Zone (France)

 

Improved consumption, French Economy Grows 0.3%

Monday, March 31, 2014

 

The country's economy grew 0.3% in France last three months of 2013 compared to the third quarter. According to a report released by Insee statistics agency to the media a few moments ago.

 

French economic growth that occurred in the early years affected by rising consumer spending. Repair passion impact on accelerating wheels of consumption of the domestic economy. Not only that, the growth of non-financial investment in the fourth quarter and also the first since the end of 2011 ago. Export sector also grew setelag contracted in the third quarter of 2013.

 

Even so, the statistics office stating that consumer spending fell 0.2% in the fourth quarter. It is affected by a tax increase last year is eroding consumption rate citizens. For the full year 2013, the French economy grew 0.3%.

[mynameisandhy]

News and Review of European Economic Zone (Germany)

 

German Retail Sales Jumped Over in February

Monday, March 31, 2014

 

The retail buyers in Germany a lot of shopping during the month of February, this is the latest indicator that the country with the largest economy in Europe is prepared to see strong growth in the first quarter, according to data released on Monday from the German statistics agency, Destatis.

 

Retail sales in February rose by 1.3% from the previous month already adjusted, after a previous increase in revised down to 1.7% in January, on show at the beginning of the data. In a poll by the Wall Street Journal, analysts expect there will be a decrease of 0.5% in monthly retail sales. Meanwhile, in the annual rate, retail sales rose by 2.0%, on show in the data, after a slight increase of 0.9% in January. Retail sales data is typically volatile and frequently revised.

 

The data showed the German economy strong for the quarter pertma. Consumer confidence remained at its highest level in seven years, as optimism about the economy and a stable job market has helped drive positive expectations for the German economy.

 

German central bank said this month that his country might see a "big boost" to the period of economic expansion in the first three months of this year at the winter solstice friendly construction that have increased production.

[mynameisandhy]

News and Review of European Economic Zone

 

Opened Stronger , European stocks Wait Inflation Data

Monday, March 31, 2014

 

European stocks opened higher today . Investors are being cautious ahead of the release of important data that euro zone inflation report for the month of March.

 

Composite index Stoxx 600 rose 0.6 % at 335.58 , at the same time leads to the highest level for the month of March. The jump in the index was driven by Novartis AG shares , which rocketed 3.2 % after the pharmaceutical manufacturers resolve heart failure drug trials . Novertis claims test results are very satisfactory and the drug was able to register with the authorities . ING Group shares rose 2.4 % after the Dutch bank plans to continue to pay dividends for 2015 .

 

In general , the data that should be observed by market participants in Europe this week is consumer inflation report Monday . Financial analysts expect inflation fell 0.6 % in March or lower than the record in February , 0.7 % . The results of the latest inflation data may influence the interest rate policy of the European Central Bank , where opportunities for disbursement rate cuts or stimulus becomes wide open . The central bank itself will hold its regular meeting on Thursday and investors are worried that the euro zone goes into phase so that the rate of economic deflation increasingly hampered . Therefore, market participants expect the central bank policy much later .

[mynameisandhy]

News and Review of European Economic Zone (UK)

 

In the UK manufacturing subside Middle demise Export Demand

Tuesday, April 1, 2014

 

UK manufacturing sector grew less than economists forecast in March as export demand fell to its lowest level in 10 months .

 

Purchasing managers index slipped to 55.3 , the lowest level since July , from a revised 56.2 in February , Markit economist said in a statement in London today . The median estimate of 34 economists in a Bloomberg survey called for a reading of 56.7 level . Level above 50 indicates expansion .

 

In the current recovery is underway , BOE Governor , Mark Carney said that the investment and overseas sales growth in the need to stabilize the economy . The UK economy expanded by 1.7 % last year , which was the strongest level since 2010 , which is largely supported by domestic consumption and BOE officials say that the improvement in business confidence levels may indicate recovery will run extensively in this .

 

" Criticism was still in force , the survey signaled a decline in export growth and expansion that is too dependent on domestic consumption , " said Rob Dobson , senior economist at Markit in London . BOE policy makers will " read a combination of slowing growth in sustainable production and the trend in prices was muted by the manufacturing line in line with the monetary policy stance they retain it at this point , " he said .

[mynameisandhy]

News and Review of European Economic Zone

 

Eurozone Jobless Rate Stable In February

Tuesday, April 1, 2014

 

The unemployment rate in the euro zone fell slightly in February , although the unemployment rate remained at the level of 11.9 % after a downward revision to the prior month , according to statistics office Eurostat euro zone on Tuesday . Eurostat said in a statement that unemployment reached 18.97 million people in 18 countries in the euro zone in February , down about 35,000 from last month . The unemployment rate stood at 11.9 % , the same as in January . Eurostat Data previously reported by 12.0 % in January , said tignkat unemployment has stabilized since October 2013 .

 

Spain 's unemployment rate also dropped slightly to 25.6 % from 25.8 % , while France , Italy , and the Netherlands scored a slight increase in the number of unemployed . For job seekers under the age of 23 , the situation improved in February , with the youth unemployment rate was 23.5 % in the euro zone from 23.6 % in January . Youth unemployment rate sharpest turn in Austria and Spain , while Portugal recorded a rise . In the 28 EU member states , the overall unemployment rate fell to 10.6 % in February from 10.7 % in February .

[mynameisandhy]

News and Review of European Economic Zone (Germany)

 

Manufacturing Sector Growth Slows in Germany in March

Tuesday, April 1, 2014

 

Growth in the German manufacturing sector slowed in March , according to survey results Tuesday , as output , new orders , and export orders in Europe's largest economies is lower than a month ago . German manufacturing PMI from Markit , which covers about one-fifth of the economy , fell to 53.7 in March from 54.8 in February , down as much as 0.1 from the previous release in the 53.8 . The final index is still above the 50 level that separates growth and contraction , expansion of the manufacturing sector scored for 9 consecutive months .

 

" Despite weaker growth in March , the manufacturing sector of the German economy 's best quarterly close in nearly 3 years , " said Oliver Kolodseike , economist at Markit . Production at the factory in Germany continues to rise overall , although weaker than in February . More than a third of buzzing surveys reported growth in output due to the high number of new orders . " Data signaling may be a slight drag on the recovery path , " added Kolodseike , warned that the rate of employment growth in March and almost close to stagnant export growth rate fell to a 5 month low .