Euro Area Posts a 0.6% Twin Jump in GDP and Employment in the First Quarter
(Eurostat) Both the gross domestic product and employment increased by 0.6% in the euro area in the first quarter of 2022. In the EU, the GDP shot up by 0.7%,…
Euro Area and EU Posts a 1.3% Decline in Retail Sales in April 2022
(Eurostat) Retail sales in the euro area and EU declined by 1.3% in April, compared to increases of 0.3% and 0.6%, respectively, in March. In the euro area, retail trade…
Inflation in the Euro Area Claims Another Record High of 8.1% In May
(Eurostat) The annual inflation in the euro area was estimated to have climbed to a record 8.1% in May, eclipsing the 7.4% posted in April. Energy was the main driver…
Euro Area Current Account Plunges into a €2B Deficit in March
(ECB) The current account deficit in the euro area was 2 billion euros in March 2022, a significant decline from the 16 billion euros surplus in the prior month. In…
GDP Growth in the Euro Area, EU Almost Static in the First Quarter
(Eurostat) Gross domestic output rose by 0.3% in the euro area in the first quarter of 2022, the same as the last quarter of 2021. In the EU, GDP grew…
Euro Area and EU Posts Bigger Trade Deficit in March as Imports Surge
Source: Eurostat The Euro area recorded a trade deficit of 16.4 billion euros in March compared to a surplus of 22.5 billion euros in the prior year. DAX is down…
Euro Area Producer Prices Jump by 5.3% In March, Higher in the EU
(Eurostat) Producer prices increased by 5.3% in the euro area in March from February, and 5.4% in the EU. The producer prices had increased by 1.1% in both regions in…
Euro Area and EU Post Increases in Construction Output in February
(Eurostat) Production in construction improved by a monthly 1.9% in the euro area in February, while it also posted gains of 1.1% in the EU. The gains in construction output…
Euro Area Posts a Trade Deficit of €7.6B in February 2022
(Eurostat) The international trade in goods deficit in the euro area was recorded at 7.6 billion euros in February 2022, compared to a surplus of 23.6 billion euros in the…
GDP and Employment Expansion Slows in the Euro Area and EU in Q4 2021
(Eurostat) The gross domestic product increased by 0.3% in the euro area in the fourth quarter of 2021 from the previous quarter. The gain was lower than an increase of…
Euro Area, EU Unemployment Edges Lower in January
(Eurostat) The euro area unemployment rate was 6.8% in January, declining from 7.0% in the previous month, and 8.3% in the comparable month of 2021. In the EU, unemployment was…
Inflation Jumps to an Annual Rate of 5.1% in the Euro Area in January
(Eurostat) Euro area posted an annual inflation of 5.1% in January, accelerating from December’s 5.0% and last year’s 0.9%. In the EU, inflation was higher at 5.6% in January, more…