european-economic-data « WordPress.com Tag Feed

GERMAN IFO BUSINESS CLIMATE FOR MAY AT 106.9 VS. ESTIMATED 109.4 VS. PREVIOUS 109.9

rsquaredanalytics — Thu, 24 May 2012 09:11:29 +0000

German IFO Current Assessment for May at 113.3 vs. estimated 117.4 vs. previous 117.5.

German IFO Expectations for May at 100.9 vs. estimated 102.0 vs. previous 102.7.

(Source: FX Street)

EU PURCHASING MANAGER INDEX - MANUFACTURING FOR MAY AT 45 VS. ESDTIMATED 46 VS. PREVIOUS 45.9

rsquaredanalytics — Thu, 24 May 2012 09:08:08 +0000

(Source: FX Street)

EU CONSTRUCTION OUTPUT M/M FOR MARCH 12.4 PER CENT VS. PREVIOUS -10.4 PER CENT

rsquaredanalytics — Mon, 21 May 2012 09:56:36 +0000

EU Construction Output Y/Y (March) -3.8 per cent vs. previous -16.3 per cent. (Source:Fx Street)

SWITZERLAND SECO CONSUMER CLIMATE (3M) APRIL -8 VS. ESTIMATED -15 VS. PREVIOUS -19

rsquaredanalytics — Mon, 21 May 2012 08:48:40 +0000

(Source: FX Street)

GERMAN PRODUCER PRICE INDEX (Y/Y) AT 2.4% Vs exp 2.6% Vs prv 3.3%

rsquaredanalytics — Fri, 18 May 2012 07:21:13 +0000

German producer price index Y/Y (April) at 2.4% vs. estimated 2.6 per cent vs. previous 3.3%.

German producer price index M/M (April) 0.2% vs. estimated 0.3% vs. previous 0.6%. (FX Street)

SPAIN 1Q12 GDP (Q/Q) AT -0.3% vs prv -0.3%

rsquaredanalytics — Thu, 17 May 2012 07:21:31 +0000

Spain’s 1Q12 GDP data declined 0.3 percent on a q-o-q basis vs previous period’s decline of 0.3 percent. 1Q12 Annualized GDP growth rate also came in lower at -0.4 percent. (Instituto Nacional de Estadistica)

BANK OF ENGLAND QUARTERLY INFLATION REPORT; SEES INFLATION BELOW ITS TARGET RATE OF 2% IN NEXT 2 YEARS

rsquaredanalytics — Wed, 16 May 2012 10:02:14 +0000

The UK central bank, Bank of England (BOE) in its report on inflation stated that it expects a slowdown in inflation in the next two years, below its target of 2 percent.

The bank states that inflation could decline to around 1.6 percent in the coming two years while it may stay above 2 percent for a longer time period than forecasted earlier.

U.K growth is likely to remain ‘subdued’ in the coming period on account of fiscal policies and tighter credit conditions. (Bloomberg)

EU TRADE BALANCE S.A. (MARCH) EUR 4.3B VS. ESTIMATED EUR 4.3B VS. PREVIOUS EUR 3.7B

rsquaredanalytics — Wed, 16 May 2012 09:03:28 +0000

EU Trade Balance n.s.a (March) EUR 8.0b vs. estimated EUR 4.0.b vs. previous EUR 2.8b.

(Source:FX Street)

SWITZERLAND ZEW SURVEY EXPECTATIONS -4.0 VS. PREVIOUS 2.1

rsquaredanalytics — Wed, 16 May 2012 09:02:25 +0000

(Source: FX Street)

EU CORE CONSUMER PRICE INDEX 1.6%VS. ESTIMATED 1.5% VS. PREVIOUS 1.6%

rsquaredanalytics — Wed, 16 May 2012 09:00:58 +0000

EU Consumer Price Index M/M (April) 0.5%vs. estimated 0.5% vs. previous 1.3%

EU Consumer Price Index Y/Y (April) 2.6 %vs. estimated 2.6% vs. previous 2.7%

(Source: FX Street)

UK ILO UNEMPLOYMENT RATE (3 MONTHS) ENDED MAY AT 8.2 % vs exp. 8.3% vs prv 8.3%

rsquaredanalytics — Wed, 16 May 2012 08:46:47 +0000

United Kingdom ILO Unemployment Rate for 3 months ended May came in at 8.2percent vs expectations of 8.3 percent vs previous data at 8.3 percent.

UK unemployment declined by 45000 for the first three months of 2012 to touch 2.63 m. The number of people claiming unemployment allowances declined by 13700 to 1.59 m for April. (FxStreet/BBC)

UK CLAIMANT COUNT CHANGE AND AVERAGE EARNINGS DATA

rsquaredanalytics — Wed, 16 May 2012 08:46:07 +0000

United Kingdom Claimant Count Change for April came in at -13.7 k vs expectations of 5.0 k vs previous data at -5.4 k.

Claimant Count Rate for April came in at 4.9 percent vs expectations of 5.0 percent vs previous number at 4.9 percent.

Average Earnings excluding Bonus (3Mo/Yr) for March came in at 1.6 percent vs expectations of 1.4 percent vs previous data at 1.6 percent

United Kingdom Average Earnings including Bonus (3Mo/Yr) for December came in at 0.6 percent vs expectations at 1.0 percent vs prv 1.1 percent. (FxStreet)

EUROPE GDP DATA AND ECONOMIC INDICATORS

rsquaredanalytics — Tue, 15 May 2012 09:17:38 +0000

Great Britain Trade Balance for March came in at a deficit of GBP 8.56 b vs expectations of GBP -8.40 b vs previous years deficit at GBP 8.59 b. The deficit on a seasonally adjusted basis for goods and services sector output came in at GBP 2.7 b vs a deficit of GBP 2.9 b in February. Excl oil and items, seasonally adjusted export activity was 6.0 per cent higher over the previous period while imports rose 2.4 percent. (Office of National Statistics)

Hungary GDP: 1Q12 GDP data for Hungary came in lower at -0.7 percent over the previous period growth of 1.4 percent. Construction industry declined significantly while the information and communication sectors registered higher growth. The GDP on a seasonally adjusted basis accounting calendar effects saw a decline of 1.3 percent for 1Q12 vs the previous period. (Hungarian Central Statisical Office Press Release)

Czech Republic 1Q12 GDP flash estimate decreased by 1.0 percent on a seasonal and calendar adjusted basis. GDP for 1Q12 declined by 1 percent on both, a m-o-m and y-o-y basis. (Czech Statistical Office News Release)

Austria 1Q12 GDP data grew by 0.2 percent over the previous estimate. Exports rose 0.7 percent and imports grew 0.5 percent. Household consumption rose 0.2 percent. (WiFO News Release)

Slovakia’s 1Q12 GDP data came in at 3.1 percent growth on a y-o-y basis. GDP on the basis of seasonal adjustments came in higher at 3.2 percent as compared to 1Q11. (Statistical Office of the Slovak republic)

Netherlands 1Q12 GDP data came in at -1.1 percent vs exp -1.2 percent vs previous year’s GDP at -0.6 percent. (FxStreet)

Italy 1Q12 GDP data came in lower at -1.3 percent vs previous GDP data at -0.4 percent. On a seasonally adjusted basis, the GDP decreased by 0.8 percent over 4Q11 and also declined by -1.3 per cent vs 1Q11. (iStat.it press release)

Portugal 1Q12 GDP data came in lower at -2.2 percent vs -2.8 percent on a y-o-y basis. Compared to the 4Q11 quarter, the GDP declined 0.1 percent. (Instituto Nacional de Estatistica)

FRANCE NON-FARM NON-GOVT PAYROLLS FOR 1Q12 AT 0.1% vs prv -0.1%

rsquaredanalytics — Tue, 15 May 2012 06:59:22 +0000

French Non-farm Payrolls data rose 0.1 percent for 1Q12 period vs previous quarter decline of -0.1 percent. 102,000 net jobs were created on -22,000 job losses in the previous 4Q11 quarter. (Bloomberg)

FRANCE 1Q12 GDP (Q/Q) AT 0.0% vs 4Q11 GDP GROWTH AT 0.1%

rsquaredanalytics — Tue, 15 May 2012 06:25:01 +0000

France’s Gross Domestic Product (GDP) data for 1Q12 was steady at 0.0 percent vs 4Q11 GDP of growth of 0.1 percent.

Imports increased by 0.7 percent vs a decline of 1.4 percent in the previous quarter. Household consumption rose 0.2 percent vs 0.1 percent previously.

Exports rose 0.3 percent for 1Q12 vs 1.1 percent growth in 4Q11. Net foreign trade balance remained negative at -0.1 percent vs 0.7 percent for 4Q11. (INSEE, Press Release)

GERMAN GROSS DOMESTIC PRODUCT Q/Q (1Q) AT 0.5% vs exp 0.1% vs prv -0.2%

rsquaredanalytics — Tue, 15 May 2012 06:16:52 +0000

GERMAN GROSS DOMESTIC PRODUCT Q/Q (1Q) AT 0.5% VS. ESTIMATED 0.1% VS. PREVIOUS -0.2%
German Gross domestic product Y/Y n.s.a (1Q) at 1.7% vs. estimated 0.9% vs. previous 1.5%
German Gross domestic product Y/Y w.d.a (1Q) at 1.2% vs. estimated 0.8% vs. previous 2% (FXStreet)

FRANCE CPI FOR APRIL (M/M) RISES 0.1% vs prv 0.8%

rsquaredanalytics — Tue, 15 May 2012 06:14:52 +0000

France’s Consumer Price Index (CPI) data for April 2012 came in higher by 0.1 percent for a m-o-m basis and 2.1 percent higher on a y-o-y basis.The rise was attributed to increases in prices in the service sector and also a rise in prices of manufactured goods and energy.

Energy prices rose 0.1 percent for the month but grew 5.3 percent for the year.

The Index excl. tobacco increased 0.1 percent on the monthly basis and 2.0 percent on a yearly basis. (INSEE, Press Release)

GERMAN WHOLESALE PRICE INDEX M/M (APRIL) 0.5% VS. PREVIOUS 0.9%

rsquaredanalytics — Mon, 14 May 2012 06:27:29 +0000

German wholesale price index Y/Y (April) 2.4 per cent vs. previous 2.2%. (Source: FXStreet)

ITALY BOND AUCTION; YIELDS LOWER ON 12 month T-BILLS AT 2.34% vs prv 2.84%

rsquaredanalytics — Fri, 11 May 2012 10:24:20 +0000

Italian Treasury bond auctions saw lower yields on its short-term debts. The Italian Treasury sold EUR 7 b of 12-month Treasury bills yielding at 2.34 percent vs 2.84 percent in its previous auction. Yields were twice the yields on its previous monthly auctions.

Bid-to-cover ratio was at 1.52 while the sale was covered at 1.79 times.

The EUR 3 b auction of three-month bills was at a yield of 0.87 percent vs 1.249 percent a year ago.

The sovereign is to auction up to EUR 5.25 b of bonds due 2015 while Spain would auction bonds on Thursday. (Reuters)

EUROPEAN ECONOMY TO DECLINE FOR 2012 ON SPAIN AND ITALY

rsquaredanalytics — Fri, 11 May 2012 09:40:27 +0000

According to the European Commission, Europe’s economy is forecasted to decline 0.3 percent on contraction of the economies of Spain, Greece and Italy. The EU commission’s outlook on the economy was that it was ’tilted to the downside’ on Spain and Italy’s economies slipping into recession along with Greece.

Greece is impacted the most as its GDP would decline by 4.7 percent in 2012, Spain declining by 1.8 percent, Italy stalling lower by 1.4 percent and Portugal would also decline by 3.3 percent.

The EU Commission also stated that Europe’s GDP could expand in 2013 by 1 percent. (Bloomberg)

GERMAN INFLATION (APRIL) RISES BY 2.2%

rsquaredanalytics — Fri, 11 May 2012 07:19:57 +0000

Germany’s harmonised index of consumer prices (HICP) or the inflation rate rose to 2.2 percent for April on a y-o-y basis. On a monthly basis, the HICP inflation rose 0.1 percent for April, lower than estimates of a rise of 0.2 percent. (RTT News)

BANK OF ENGLAND KEEPS INTEREST RATES UNCHANGED AT 0.50%

rsquaredanalytics — Thu, 10 May 2012 13:32:04 +0000

The Bank of England kept its benchmark interest rates unchanged at 0.50 percent. The BoE also chose not to conduct a round or quantitative easing for the UK economy. The rates were left unchanged on account higher inflation outweighing the state of the economy. (Business Standard)

POLISH CENTRAL BANK RAISES INTEREST RATES TO 4.75%

rsquaredanalytics — Wed, 09 May 2012 10:55:08 +0000

Poland’s Central bank, The Narodowy Bank Polski increased the benchmark seven-day interest rates by 0.25 basis points to 4.75 percent. The rise in rates were in line with analyst’s expectations. The Central bank raised rates to avoid slowdown in its economy and in the euro zone economy. (Bloomberg)

GREECE APRIL INFLATION (Y/Y) AT 1.9% vs prv 1.7%

rsquaredanalytics — Wed, 09 May 2012 09:47:47 +0000

Greece’s Consumer Price Index (CPI) for April 2012 increased by 1.9 percent on a y-o-y basis. Annual rate of change of the CPI data was 3.9 percent. Clothing and footwear goods rose 8.6 percent on a m-o-m basis and changed 2.7 on an annual basis. Overall index came in at 111.07 vs 110.13 on a monthly rise of 0.8 percent and vs 108.32 percent or a 0.6 percent rise on a y-o-y basis.

The Harmonized Index of Consumer Prices (HICP with 2005 base at 100) for April 2012 increased by 1.5 percent on a y-o-y basis. (Hellenic Statistical Authority)

SLOVAKIA TRADE BALANCE (MARCH) AT A SURPLUS OF EUR 389.9 m vs prv EUR 203 m

rsquaredanalytics — Wed, 09 May 2012 08:48:39 +0000

The Trade Balance for Slovakia for March 2012 is explained below:

Exports came in at EUR 5.286 b, a 5.3 percent on a y-o-y basis. Total imports rose by 1.3 percent to EUR 4.896 b. Hence, the foreign trade balance for Slovakia was at a surplus of EUR 389.9 m vs EUR 203 m, a year ago.

1Q12 exports increased by 7.3 percent to EUR 14.442 b and total imports increased by 4.3 percent to EUR 13.405 b. The trade balance was in surplus of EUR 1.036 m vs EUR 4.327 b previously.