mynameisandhy Posted July 14, 2014 Author Report Share Posted July 14, 2014 News and Review of European Economic Zone (UK) British Construction Output Drops in May Monday, July 14, 2014 UK construction output slumped in May, signaling the overall economic outlook in the second quarter is probably slightly lower than expectations. The surprise drop in the rate of adding the rapid recovery of the British economy in the last year the possibility of loosening. Office for National Statistics reported construction output fell 1.1% in May from the previous month, which rose 1.2%. The percentage break expectations rise 0.8% by economists. In the three months to May, the output decreased by 0.8%, being the largest since October 2012. Kostruksi sector only accounts for 6% of total UK gross domestic product, but since the end of last year the sector to drive economic growth as a result of the low interest rates that make housing prices rose sharply boosting residential construction. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 15, 2014 Author Report Share Posted July 15, 2014 News and Review of European Economic Zone (UK) UK Inflation Up 1.9% in June From Year Ago Tuesday, July 15, 2014 Inflation in the UK berakselereasi larger than economists forecast to be the fastest pace since January, driven by prices in the clothing sector, food and transportation. Consumer prices rose by 1.9% in June, up from 1.5% in the month of May, in the report by the Office for National Statistics said in London today. The median estimate of 35 economists surveyed by Bloomberg called for 1.6% rise. The increase in the rate of inflation may be sharp enough to argue when the Bank of England will begin Rev record low interest rates from the current 0.5% level. When inflation is within the range below the target in the BOE 2% for quite a long time since 2005 and pressure on wages is quite weak, the strong recovery has increased the possibility of withdrawal of emergency stimulus. Economists surveyed by Bloomberg shows one of three analysts expect the BOE will Rev interest rates this year, up from 12% in the polls in early June. Mempredikis first half of the increase will come in the first quarter of 2014. Consumer prices rose 0.2% in May compared with a 0.2% decline on a year ago. Prices of clothing and footwear rose 0.6%, food and non-alcoholic beverages rose 0.1% and transport costs rose 0.6%. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 15, 2014 Author Report Share Posted July 15, 2014 News and Review of European Economic Zone ECB's Praet: ECB Liquidity Plan Will Reflected In Euro Value Tuesday, July 15, 2014 The European Central Bank's plan to increase the long-term liquidity will be reflected in the exchange rate of the single currency, according to the ECB's chief economist Peter Praet said in an interview with French daily Les Echos. "When the new measures were implemented, they would strengthen the accommodative monetary policy required the Euro zone, contrary to other important currencies zones are in the cycle of crisis are at very different stages," said Mr. Praet. "Over time, rebalancing it should be reflected in the external value of the euro." The ECB hopes the long-term loan which was introduced on June 5 and will encourage banks to channel loans, since funds from the central bank will depend on how big banks generate new loans. Targeted Longer-Term Refinancing Operation or TLTRO will also suppress short-term interest rates in the currency market and compete with other sources of funding other banks, as well as reduce interest rates even in banks that do not borrow from the ECB. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 15, 2014 Author Report Share Posted July 15, 2014 News and Review of European Economic Zone (Germany) Investor sentiment in Germany Back worsens in July Tuesday, July 15, 2014 German investor sentiment index fell again in July, according to the ZEW Centre for European Economic Research in Mannheim on Tuesday, extending losses of up to 7 months in a row and put pressure on the country's growth prospects for growth in Europe's largest economy. German investor confidence expectations index fell as much as 2.7 points to 27.1, its lowest level since December 2012 and was below estimates of 28.0. The current conditions index in Germany also dropped for the first time since November 2013, fell as much as 5.9 points to 61.8 and was slightly below economists' forecasts for 66.3. "Germany has felt the economic activity slowed slightly in recent years, retail sales down as well as the level of industrial production and the level of orders," said Professor Clemens Fuest, ZEW President. "The current downturn in the ZEW economic sentiment indicator showed a negative development. However, the overall medium-term economic outlook is still bright." The consumer sentiment data following a number of German data that were below expectations in recent weeks, including a sharp decline in the level of industrial production in May (-1.8%) which makes some analysts questioned their forecasts for second-quarter growth rate of the euro zone. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 16, 2014 Author Report Share Posted July 16, 2014 News and Review of European Economic Zone (Switzerland) SNB Looks To Maintain Exchange Restrictions The Long Time Wednesday, July 16, 2014 The Swiss National Bank will defend the franc exchange rate limit until 2016 amid efforts by policy makers to boost euro zone inflation where it maintains pressure on the Swiss currency, economists said. Only 14% of 22 economists in a Bloomberg survey of the Monthly Survey predicts that the SNB will remove the minimum exchange rate at the end of 2015. Was compared with the amount of 27% in the last month and 53% in May. In the survey, 46% said the restrictions will be revoked in 2016, up from 36% in June. A total of 23% bet that the suspension would last until 2017 or longer. "The SNB will probably continue efforts to resolve the minimum exchange rate for the maximum in need," said Gero Jung, chief economist at Mirabaud Asset Management in Zurich. "Recent inflation data indicate the absence of inflationary pressures in Switzerland, and the minimum exchange rate policy is the right tool to avoid tightening monetary conditions." SNB limit the franc exchange rate at 1.20 per euro level ranging from three years ago, with a view of the risk of deflation and recession that has led investors to buy francs as a haven amid the debt crisis in the euro zone. With the growth of consumer prices stagnant this year, President Thomas Jordan said on the central bank's latest policy review recently that the policy is not yet issued, and the limit is still a policy tool for the "foreseeable future." Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 16, 2014 Author Report Share Posted July 16, 2014 News and Review of European Economic Zone (UK) UK Unemployment Rate Falls To Lowest Level 5 ½ Years Wednesday, July 16, 2014 The unemployment rate in the UK fell to its lowest level in 5 ½ years and the number of people who work rose to record highs as the economic recovery strengthens. The unemployment rate fell to 6.5% in the three months to May from 6.6% in the period ended April, in the report by the Office for National Statistics said today in London. The number of workers increased 254,000 into 30.6 million, it is the highest level since data began in 1971 noted. Jobless claims, which is the smallest size that does not work, fell as much as 36,300 in June from May, it was bigger than economists expected . BOE Governor Mark Carney puts the job market as the center of the policy made at the beginning of this year, saying that officials put the benchmark rate at a record low of 0.5% to the relaxation in the economy is gone. In the current unemployment rate continues to fall, separate data showed wage growth weakened in the last three months, which may give policy-makers breathing room for a moment. "This may be the most important data in this month that we get in the UK," said Philip Rush, an economist at Nomura International Plc in London before the data release. "A variety of indicators provide a different perspective on the margin of spare capacity." Economists had expected the unemployment rate is measured by the method of the ILO will be down 6.5%, based on the median estimate of 33 economists. Full month figures showed the ILO unemployment rate fell to 6.2% in May, it was the lowest level since September 2008, from 6.4% in April. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 16, 2014 Author Report Share Posted July 16, 2014 News and Review of European Economic Zone (UK) Markit: UK Pessimistic People Against Those Financial Wednesday, July 16, 2014 English society was the most pessimistic about their finances in the next 6 months and the prospect of rising interest rates can increase the pessimism, according to survey results on Wednesday. Monthly Public Finance Index, compiled by Markit, fell to 42.1 in July from 42.6 in June as people worry about saving, debt levels, and the availability of loans. Low-income people tend to be more pessimistic, while high-income people who give the most good ratings in history, Markit said. Jack Kennedy, senior economist at Markit, said the slight decline in expectations of future financial can indicate anxiety about the potential rise in interest rates from a record low at the end of 2014 by the Bank of England. However, the financial pressure is still less than 5 years since then, he said. "Moreover, the perception of easing inflation and a sharp rise in activity indicates that the number of jobs in the public pressure may be abating, which can cover the impact of rising mortgage costs following the steps of the Bank of England to raise interest rates," said Kennedy Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 17, 2014 Author Report Share Posted July 17, 2014 News and Review of European Economic Zone New Car Sales Rise In EU In June Thursday, July 17, 2014 Sales of new cars in the EU rose by 4.5% to an annual rate in June as provide it at a big discount and a number of incentives, sponsored by the government to sustain the economic recovery in Europe is in the doldrums despite a decline in sales in Germany, which is the largest market in the region. The automotive manufacturing reported the number of new car registrations rose to 1:19 million vehicles in June from 1:14 million vehicles a year ago, according to the latest data from the Association of European Car Manufacturers, or known by the name of ACEA. Car sales rose by 6.5% in the first half of this year to 6.6 million vehicles. Renault SA is the most prominent sales among manufacturers that make vehicles in large volumes, sales rose 21% in June, while their rivals Volkswagen AG sales seen them on the same brand fell by almost 3% in the same period. Based on sales in the first half of this year, the Renault brand, which is the second largest automaker by sales in Europe after Volkswagen, expanding its market share in the EU to 7% from 3.5% on a year ago. VW's market share in the EU market fell to 12.1% from 12.5% a year ago. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 17, 2014 Author Report Share Posted July 17, 2014 News and Review of European Economic Zone Eurozone Inflation Stable at Low Level Thursday, July 17, 2014 Inflation rate of the euro zone persist at low levels in line with expectations in what is said by the European Central Bank as a "danger zone" in June as a decline in the price of food and telephone calls cover the increase in the price of tobacco and restaurant, according to data Thursday. The rate of consumer inflation in the zone as much as 0.1% euri rose in June for an annual rise of 0.5% - the same as the inflation rate in May, according to data from Eurostat, the statistical office of the European Union. The annual inflation rate is still far below the inflation target that is close to 2%. The central bank believes that the slower price growth rate of 1% is a "danger zone" because it raises the risk of deflation. The rate of price growth has been below 1% since last October. The ECB kept interest rates in July, a month after cutting interest rates to record low interest rates and put the savings into negative territory and confirms that it is prepared to print money in the future if needed to prevent deflation. Consumer inflation rate fell in Greece, Portugal, and Slovakia in June and 5 other countries have a level of 1% above inflation, including Germany where the wear rate reaches 1% annual price. The annual core inflation rate - which excludes energy and raw food - hang on to 0.8% in June, unchanged from May. The ECB also pay attention to the euro exchange rate and its impact on inflation, the central bank is ready to launch an additional policy to mencetah deflation if the euro rose too sharply. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 18, 2014 Author Report Share Posted July 18, 2014 News and Review of European Economic Zone (Portugal) Bank of Portugal Attempt to Convince Investors Friday, July 18, 2014 The Bank of Portugal again dampen investor fears associated Banco Espirito Santo SA troubled by stating that the bank's capital buffer is sufficient to protect the parent company even though the worst-case scenario. Bank of Portugal Governor Carlos Costa optimistic in answering questions from Parliament, and confirms that the impact of the collapse of Banco Espirito Santo will not be too bad on business in Angola. The Angolan government also has guaranteed 70% of the bank's loan portfolio, and Mr.Costa sure that the defaults will not exceed those levels. In addition to the loans granted by Banco Espirito Santo Angola on BES 565 owners should still be paid as scheduled. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 21, 2014 Author Report Share Posted July 21, 2014 News and Review of European Economic Zone (UK) England Affirms Potential Exit From The EU Monday, July 21, 2014 British Foreign Secretary Phillip Hammods newly asserted his country's position that the UK will come out of the EU if it does not get a good negotiation. In an interview with the BBC, Hammods uttered if the EU does not agree to the terms changed and the new British membership of the bloc would leave the country. British Prime Minister David Cameron has promised a referendum on British membership in the European Union if the Conservatives win the election next year. "If there is no change in European government, there is no balance between the level of the EU countries, there is no solution of how the euro zone can grow along with the non-euro zone ... then this is not the European Union that desired by the British," said Hammonds. The foreign minister will seek to negotiate a change in the membership of the UK and the European Union. "My job is to bring the negotiations that will take place over the next 10 months," said Hammonds who also said it would provide recommendations on membership of the UK after the negotiation process is completed. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 21, 2014 Author Report Share Posted July 21, 2014 News and Review of European Economic Zone (UK) UK Consumer Sentiment Index Down in June Monday, July 21, 2014 One index of consumer sentiment in the UK fell for the first time this year in June, the latest signal of worsening sentiment about the UK's economic recovery. The consumer confidence index by Lloyds Bank fell as much as 1% to 145, according to data on Monday, with shopping and listruk gas down about 2.5% from a year ago. The rate of growth in spending on basic needs stable, up about 1% from June 2013. Falling Lloyds following declines in the Household Finance Index in June by Markit. The growth in total retail spending also fell in June to the lowest level since May 2011, according to the British Retail Consortium. Chance of a rate hike by the Bank of England cited as a factor in the decline in consumer confidence and BRC Markit report. Employment data last week indicating the economic recovery is still solid. Total employment rose to a record high 30 543 million in the three months to May, while the unemployment rate fell to 6.5% from 6.6% the previous month, though perutmbuhan wages lower than expected. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 21, 2014 Author Report Share Posted July 21, 2014 News and Review of European Economic Zone (Germany) Bundesbank: German GDP Likely Flat in Second Quarter Monday, July 21, 2014 German gross domestic product will probably be stuck in the second quarter as concerns pressing geopolitical and industrial output weakened construction sector after the boom caused by the weather in the first quarter of this year, according to the Bundesbank on Monday. The warning, contained in the central bank's monthly bulletin, an indication that the eurozone will be difficult to increase the growth rate slow first quarter. Germany covers about 30% of eurozone GDP. In the first quarter, the eurozone's GDP expanded at an annual pace of only 0.8%, or 0.2% in the quarterly level, although the annual growth rate reached 3.3% Germany. If it were not for growth in Germany, other countries in the euro zone will contract slightly in the first quarter. "Given the services sector is expected to continue to expand, the level of gross domestic product (in Germany) may be the same as the first quarter," the Bundesbank said. "Geopolitical tensions not only affect the future of survey indicators, but also erodes demand for goods while." German statistics agency is expected to release second-quarter GDP on August 14. Bundesbank report does not provide estimates for growth in the second half of this year. Based on data from April and May, the level of factory production and construction has gone down compared to the first quarter. Although there are several warnings that may have been exaggerating this attenuation. Some gains in the construction sector due to the winter weather is likely to come from activity in the spring. In addition, many workers in Germany who took the day off after the long holiday weekend in the middle of the second quarter, which resulted in the fewer number of working days, the Bundesbank said. To this day, the German Bundesbank estimates that the economy grew by 1.9% this year, up from 1.7% in December. In March, the Bundesbank said the pace of growth in the second quarter of this year will be far enough below the first quarter. Countries other eurozone members such as France and Italy seem to not be able to cover setback German GDP in the second quarter. The level of French industrial production fell in April and May at the monthly level, while in the Italian industrial production fell sharply by 1.2% in May. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 21, 2014 Author Report Share Posted July 21, 2014 News and Review of European Economic Zone (Switzerland) SNB and PBoC Reach Agreement Currency Swap Monday, July 21, 2014 Swiss National Bank and People's Bank of China has agreed to make a currency swap lines are designed to increase trade and investment flows between the two countries and help create a bridge for the Zurich to trade yuan. Switzerland and China's central bank on Monday said the 3-year agreement will allow both parties to buy and sell their currencies to reach 150 billion renminbi, or 21 billion Swiss francs (23.4 billion dollars). This agreement will also allow the SNB to buy Chinese bonds up to $ 2 billion, helping it to diversify its currency reserves are piling up nearly 450 billion francs. "From the standpoint of the Chinese, the agreement creating the infrastructure to solve two problems. The first is how the domestic banks will get funding as the country opens its capital markets and both allow foreign investors to invest in the market," said Diana Choyleva, economist at Lombard Street Research consultant. SNB in Zurich said the deal would strengthen the collaboration between the company and China and is a "key requirement for the development of the renminbi market [yuan] in Switzerland." Swiss Finance Ministry welcomed the agreement, which he said represents a key requirement to expand yuan trade in Switzerland and enlarge Switzerland's role in expanding the use of the Chinese currency globally. Chief Finance Department, Eveline Widmer-Schlumpf, President Thomas Jordan and met with China's central bank governor, Zhou Xiaochuan, in the month of June to discuss increased cooperation of the financial sector. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 22, 2014 Author Report Share Posted July 22, 2014 News and Review of European Economic Zone The fate of the Euro Yellen Located in Hand Tuesday, July 22, 2014 Mario Draghi ambition to weaken the euro is in the hands of the Governor of the Federal Reserve Janet Yellen. U.S. central bankers pushed the euro down to below the level of $ 1.35 last week for the first time since February when he mengatkan U.S. interest rates may rise sooner than investors' expectations. Meanwhile the President of the ECB has a minimal impact, Draghi's decision to lower interest rates down to zero last month to push the euro rose as much as 0.2% before the speech Yellen. The euro also lost its correlation with the European bond markets, as its correlation with bond yield spreads Italy, Spain, and Portugal is close to zero. Dealers said the currency pair euro-dollar is largely influenced by the U.S. because the market has been assimilated by Draghi cuts interest rates and concluded that Draghi has no other surprises. The prospect of a rate hike by the Fed is also considered to be more important than the conflict in the Strait of Gaza and the international outrage about the shooting down of the plane Malaysia last week in Ukraine. "The market ignored the news from Europe," said Brad Bechtel, managing director at Faros Trading LLC in Stamford, Connecticut. "So when there is movement in the exchange rate of the dollar, the euro will move, but nothing specific about Europe is not enough. Euro-dollar seem to be ignoring all the geopolitical factors, as well as the Russian and Ukrainian or Gaza. " Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 22, 2014 Author Report Share Posted July 22, 2014 News and Review of European Economic Zone (UK) UK Budget Deficit Increased Only Slightly Changed Over Tax Results Tuesday, July 22, 2014 UK budget deficit was little changed in June as the economic recovery driven by tax revenues and government departments to increase spending. Net borrowing amounted to 11.4 billion pounds compared with 11.5 billion pounds a year ago, the Office for National Statistics said today. That compared with an estimated 11.1 billion pounds in a Bloomberg survey. Government revenue rose by 4.7% and spending rose 3.9% level. The figures provide further evidence over strong economic growth in the UK, it can give a boost to Prime Minister David Cameron as he prepares to seek a second term in office for less than a year. Revenue has been driven by the housing market rose, the number of requests rose more than a third of the last three months. The finance minister George Osborne's "very hopeful that the numbers will improve public finances over the next few months because it not only reflects the good performance of the government in the economy but also facilitate some sweet offers to voters before the election in May 2015," said Horward Archer, an economist at hIS Global Insight in London. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 22, 2014 Author Report Share Posted July 22, 2014 News and Review of European Economic Zone (UK) UK Public Sector Financial Deficit Swelling Tuesday, July 22, 2014 UK public finance sector showed a deficit greater than forecast in June, melajutkan poor start to the tax this year that Finance Minister George Osborne makes far behind to achieve its fiscal targets. Recent data shows the government has so far failed to reduce public borrowing in the first quarter of fiscal year 2014/15, with less than a year before the election. Public finance sector, outside the financial sector interventions, showed a deficit of 11 368 billion pounds in June, according to the Office for National Statistics on Tuesday. The deficit increased from 7,594 billion pounds in the month of June 2013 and was well above analysts' average estimate for a deficit of 10.65 billion pounds. Beyond the impact of the transfer of money from the Bank of England, the deficit in 2014/15 until today is at 36.1 billion pounds, up 7.3% from the same time last year. The British government is targeting to menurunakn deficit to 5.5% of gross domestic product in the fiscal year 2014/15, from 6.5% of GDP in 2013/14. The ONS said the number of factors indicate that the trend in the level of loans in the first quarter of the current tax year may not be able to represent the year as a whole. The first quarter of 2013 scored the increase in income tax payments, due to tax increases, and there is also income from Swiss tax evasion agreement. Tax revenues in the first quarter of the current tax year fell as much as 3.5% of the tax year 2013/14. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 23, 2014 Author Report Share Posted July 23, 2014 News and Review of European Economic Zone (UK) BOE: Increase Interest Rates Can Damage Restoration Wednesday, July 23, 2014 The Bank of England said that some members of the Monetary Policy Committee has begun to argue that the risk of a rise in interest rates could damage the recovery began to fall in the middle of the growth that tries to be more stable. A total of nine members of the MPC which is led by Governor Mark Carney "will have the opportunity to consider more deeply" in the labor market indicators prior to the next meeting in the next month in which the latest estimates will be released. Officials voted unanimously to maintain the benchmark interest rate at a record low of 0.5%, according to the minute results of its policy meeting on 9 and 10 July are published today in London. With the economy towards growth and six consecutive quarters of GDP is on track back to levels last seen before the financial crisis, officials are currently focusing on the change in time for the first rate hike in the last seven years. "The members did not specify the time to hike the benchmark interest rate first, where it will be in motion by the data," said the minutes. "In one interpretation, the small risk of a rise in interest rates could derail the economic expansion and leave inflation below the target in the medium term have gone down as the" expansion becomes more stable, said minutes. As for some of the other members, "even though the domestic economy is growing at or above the average level of long-term, there is little indication of the increasing pressure on inflation," said the minutes. "Premature tightening in monetary policy could leave the economy vulnerable to shocks." Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 23, 2014 Author Report Share Posted July 23, 2014 News and Review of European Economic Zone (UK) BoE Policy Contribute To Recovery UK Wednesday, July 23, 2014 BoE economist Paul Fischer said the policy of Quantitative Easing (QE) and Funding for Lending Scheme (FLS), which has run the central bank contributed to the UK's economic recovery. In an interview with Daily Independent, the BoE's Fisher uttered bond sale should start after increased interest rates high enough to be lowered again if necessary. "A series of BoE policy has a significant effect on the recovery of the UK economy. Condition may get worse if we do not take action," says BoE's Fisher. UK central bank officials were also dismissed criticism of the Bank for International Settlements that interest rates should be higher in the UK before the period krisisi. "Interest rates are the highest in the G7 England in the 10 years prior to the crisis. This has prompted an overvalued exchange rate with increasing short-term capital inflows to the UK.'s Contributing to the current account deficit," said Fisher. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 24, 2014 Author Report Share Posted July 24, 2014 News and Review of European Economic Zone (Spain) Improved economic, Spanish Unemployment Decreases Thursday, July 24, 2014 The number of unemployed in the country of Spain finally reduced in the second quarter of 2014. Government efforts to expand the 402 400 jobs successfully open new positions and decrease the number of people without jobs to 300,000 people. Along with the rapid pace of domestic economic recovery, the percentage of unemployed in Spain fell from 25.9% (first quarter 2014) to 24.5% in the second quarter. Nevertheless, it is still considered as the ratio fantastic for a developed country, so the government should not be complacent. Spain is the country's 4th largest economy in the Euro zone. Since the economic decline in the last six years, the number of unemployed increased from time to time. 2014 could be a moment of awakening for the country because the economy turned positive matador. The central bank on Wednesday announced that the country's GDP grew 0.5% in the quarter compared to the second quarter 2014 premiere, while making as the country with the best economic performance in the Euro zone. While for the full year, the central bank predicts the economy grew 1.3%. Although the level of this magnitude is not enough to open the massive employment in the state of Spain, the labor market is getting better after the labor reforms in 2012 ago. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 24, 2014 Author Report Share Posted July 24, 2014 News and Review of European Economic Zone (France) French Business Activity 3 Month contract streak Thursday, July 24, 2014 French business activity again showed contraction in July, and has contracted in three consecutive months. Contraction in the manufacturing sector more than the previous month dragged indices of business activity, while the service sector berkespansi for the first time in three months. Markit reported that business activity index consists of the manufacturing and services sector rose to 49.4 in July from 48.1 in June, but a reading below 50 still showed contraction. Activity in the manufacturing sector fell to 47.6 in July, from 48.2 in the previous month. The figures in July, the lowest level in seven months. While service sector activity rose 50.4 from 48.2 the previous month. Although the service sector rebounds, but the signs that there was little sustained increase due to a decrease in the level of orders index in four consecutive months, and the employment index fell in nine consecutive months. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 24, 2014 Author Report Share Posted July 24, 2014 News and Review of European Economic Zone Eurozone PMI surveys Sinyalkan The Start Improving Economy Thursday, July 24, 2014 Manufacturing and services activity in the euro zone rose in July in a sign that the recovery in the 18 blocks of the country is gathering speed. Purchasing managers' index for both industries jumped to 54 from 52.8 in June, the same as the highest level in three years achieved in April, Markit Economics said today. It was the 13th month for the index is above the 50 level, which marks the expansion signal. Economists had expected to reading unchanged at 52.8, according to the median estimate of 22 economists surveyed by Bloomberg. Increased activity may be the first signs of a belief that a new round of stimulus introduced by the European Central Bank will be effective. With inflation at the level of a quarter of the ECB's target and that the economic recovery is still weak, the ECB has cut its deposit rate to below zero in the last month and launches a loan program that is targeted to increase the amount of lending in the bloc of 18 countries. "Business activity increased again in July to show that the economy grew at a rate such that the strongest we've seen in the last three years," said Chris Williamson, chief economist at Markit. At the same time, "growth is not fast enough to encourage firms to take on staff in large enough quantities to have a significant impact on unemployment." Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 25, 2014 Author Report Share Posted July 25, 2014 News and Review of European Economic Zone (Germany) German Consumers Remain Optimistic Friday, July 25, 2014 German consumers remain upbeat when viewed from the GfK survey showed consumer sentiment index rose to its highest level in the last 8 years. However, GfK pollsters warn consumers can change the mood in the coming months after the crash at Malaysian Airlines Ukraiana. German consumer sentiment index reached the level of 9.0 for the month of July; better than expected and the June publication at the level of 8.9. Increased German consumer sentiment can certainly provide hope for the continued economic recovery in the third quarter after the German economy stagnated in the second quarter. German PMI data yesterday that showed increased activity of manufacturing and service sectors will also support the increasing expectations of economic activity. Meanwhile, the euro is not much changed after the data was released. EUR / USD is now trading 1.3465; daily opening levels near 1.3461 Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 25, 2014 Author Report Share Posted July 25, 2014 News and Review of European Economic Zone (Germany) German Business Climate Down For Third Month in June Friday, July 25, 2014 The level of German business confidence fell more than economists expected to be to the lowest level since October as the weakening of growth and increased tensions in Ukraine that has weighed on the outlook for the country with the largest economy in Europe. Business climate index from the Ifo institute, which conducted a survey of 7,000 executives, dropped to 108 from 109.7 in June, it marked the third monthly decline in a row. Economists had predicted for the reading of 109.4, according to the median estimate of 35 economists in a Bloomberg survey. Today's report follows a series of weak economic data for Germany are termasukdiantaranya is that industrial production fell for a third month in May, the number of factory orders fell more than economists forecast and retail sales slumped for a second month. German GDP probably remains unchanged in the second quarter from the previous period, which is when it rose 0.8%, the Bundesbank said this week, and still has not explained the geopolitical conditions in some countries they export markets will likely dampen growth in the future. "The third decline in a row ifo index is a disappointing result," said Ralf Umlauf, an economist at Helaba in Frankfurt. "Overall the ifo index still showed high levels of economic expansion in Jermamn, although perhaps the momentum in the second quarter will probably remain stagnant." Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 25, 2014 Author Report Share Posted July 25, 2014 News and Review of European Economic Zone (UK) UK GDP Expanding 0.8% in Second Quarter Friday, July 25, 2014 The UK economy has fully recovered from the output lost during the financial crisis after strong growth for the sixth consecutive quarter. UK GDP expanded by 0.8% in the period April to June, pushing output 0.2% above the previous peak level achieved in the first three month period of 2008, the Office for National Statistics said today in London. The increase followed a rise of 0.8% in the first quarter and the results are in line with the median estimate in a Bloomberg survey of 36 economists. That number will likely give a boost to Prime Minister David Cameron, in the middle of her trying to tepilih back in less than a year, and maintain the pressure on the Bank of England to start Rev interest rates. IMF Institute, yesterday was Rev UK economic growth forecast to 3.2%, it puts Britain on track to expand nearly twice the rate of the U.S. economy this year. "Clearly there is momentum behind the economy and it is also clear out there that shows no abrupt slowdown in the coming months," said Peter Dixon, an economist at Commerzbank AG in London. "Banks should continue to lower their estimates of spare capacity in the economy and it will probably be one of the factors that support the possibility for dissent." Growth in the last quarter was led by the services sector, which is the biggest part of the economy, which expanded by 1%, it is the largest since the third quarter of 2012. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.