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House prices up by 5.0% in the euro area

Wednesday, 8.7.2020 - 12:00
House prices, as measured by the House Price Index, rose by 5.0% in the euro area in the first quarter of 2020 compared with the same quarter of the previous year. This is the highest annual increase since the second quarter of 2007. In the EU house prices rose by 5.5% compared with the same quarter of the previous year. The data were not affected by the COVID-19 containment measures that Member States began to introduce during this period. These figures come from Eurostat, the statistical office of the European Union.

Absences from work at record high

Wednesday, 8.7.2020 - 12:00
The first quarter 2020 is the first quarter in which the labour market across the European Union (EU) has been affected by COVID-19 measures taken by Member States. Employment and unemployment as defined by the ILO concept are, in this particular situation, not sufficient to describe all the developments taking place in the labour market. In this first phase of the crisis, active measures to contain employment losses led to absences from work rather than dismissals, and individuals could not search for work or were not available due to the containment measures, thus not counting as unemployed according to the ILO concept.

EU current account surplus €59.9 bn

Monday, 6.7.2020 - 12:00
In the first quarter of 2020, when COVID-19 containment measures began to be widely introduced by Member States, the EU seasonally adjusted current account of the balance of payments recorded a surplus of €59.9 billion (1.8% of GDP), down from a surplus of €78.6 billion (2.2% of GDP) in the fourth quarter of 2019 and from a surplus of €102.0 billion (3.0% of GDP) in the first quarter of 2019, according to estimates released by Eurostat, the statistical office of the European Union.

Volume of retail trade up by 17.8% in euro area

Monday, 6.7.2020 - 12:00
In May 2020, when Member States began easing the COVID-19 containment measures, the seasonally adjusted volume of retail trade increased by 17.8% in the euro area and by 16.4% in the EU, compared with April 2020, according to estimates from Eurostat, the statistical office of the European Union. In April 2020, the retail trade volume decreased by 12.1% in the euro area and by 11.4% in the EU.

Business profit share recorded sharpest drop to 37.9% while business investment is slightly down to 25.5% in the euro area

Friday, 3.7.2020 - 12:00
In the first quarter of 2020, when Member States began to widely introduce COVID-19 containment measures in March 2020, the business profit share dropped to 37.9% in the euro area, compared with 39.6% in the previous quarter. This decline of the business profit share is the highest since the beginning of the series in 1999.

Household saving rate all time high at 16.9% in the euro area while household investment rate down to 8.7%

Friday, 3.7.2020 - 12:00
The household saving rate in the euro area was at 16.9% in the first quarter of 2020, when Member States began to widely introduce COVID-19 containment measures in March 2020, compared with 12.7% in the fourth quarter of 2019. This was the highest increase since the beginning of the series in 1999.

Euro area unemployment at 7.4%

Thursday, 2.7.2020 - 12:00
In May 2020, a third month marked by COVID-19 containment measures in most Member States, the euro area seasonally-adjusted unemployment rate was 7.4%, up from 7.3% in April 2020. The EU unemployment rate was 6.7% in May 2020, up from 6.6% in April 2020. These figures are published by Eurostat, the statistical office of the European Union.

Industrial producer prices down by 0.6% in euro area

Thursday, 2.7.2020 - 12:00
In May 2020, a third month still marked by COVID-19 containment measures in most Member States, industrial producer prices fell, compared with April 2020, by 0.6% in the euro area and by 0.5% in the EU, according to estimates from Eurostat, the statistical office of the European Union. In April 2020, prices decreased by 2.0% in the euro area and by 1.9% in the EU.

Euro area annual inflation up to 0.3%

Tuesday, 30.6.2020 - 12:00
In June 2020, a month in which many COVID-19 containment measures have been gradually lifted, Euro area annual inflation is expected to be 0.3%, up from 0.1% in May according to a flash estimate from Eurostat, the statistical office of the European Union.

Debt mainly held by resident financial sector in more than half of the EU Member States

Monday, 22.6.2020 - 12:00
Significant differences can be observed across the European Union (EU) regarding the sector in which government debt is held. Among Member States for which data are available, the share of government debt held by the (resident) financial corporations sector at the end of 2019 was highest in Denmark (74%), followed by Sweden (73%), Croatia (67%) and Italy (63%). In contrast, the largest proportion of debt held by non-residents was recorded in Cyprus (80%), ahead of Lithuania (76%), Latvia (74%) and Estonia (70%).

How has the EU progressed towards the Sustainable Development Goals?

Monday, 22.6.2020 - 10:00
The von der Leyen Commission has made sustainability an overriding political priority for its mandate. All Sustainable Development Goals (SDGs) feature in one or more of the six headline ambitions for Europe, announced in the Political Guidelines, making all Commission work streams, policies and strategies conducive to achieving the SDGs. In December 2019, the Commission presented ‘The European Green Deal’, the new EU growth strategy, aiming to transform the Union into a modern, resource-efficient and competitive economy where climate and environmental challenges are addressed and turned into opportunities, while making the transition just and inclusive for all.

Price levels varied by almost one to three across the EU Member States

Friday, 19.6.2020 - 12:00
In 2019, the year before COVID-19 containment measures began to be widely introduced by Member States, price levels for consumer goods and services differed widely in the European Union of 27 Member States (EU). Denmark (141% of the EU average) had the highest price level, followed by Ireland (134%), Luxembourg (131%), Finland (127%) and Sweden (121%).

Wide variation of consumption per capita across EU Member States

Thursday, 18.6.2020 - 12:00
Actual Individual Consumption (AIC) is a measure of material welfare of households. Based on first preliminary estimates for 2019, the year before COVID-19 containment measures began to be widely introduced by Member States, AIC per capita expressed in Purchasing Power Standards (PPS) varied from 59% to 135% of the European Union (EU) average across the 27 Member States.

Annual inflation down to 0.1% in the euro area

Wednesday, 17.6.2020 - 12:00
In May 2020, a month still marked by COVID-19 containment measures, euro area annual inflation rate was 0.1%, down from 0.3% in April. A year earlier, the rate was 1.2%. The European Union annual inflation was 0.6% in May 2020, down from 0.7% in April. A year earlier, the rate was 1.6%. These figures are published by Eurostat, the statistical office of the European Union.

Production in construction down by 14.6% in euro area and 11.7% in EU

Wednesday, 17.6.2020 - 12:00
In April 2020, the COVID-19 containment measures widely introduced by Member States continued to have a significant impact on production in construction, as the seasonally adjusted production in the construction sector decreased by 14.6% in the euro area and by 11.7% in the EU, compared with March 2020, according to first estimates from Eurostat, the statistical office of the European Union. In March 2020, production in construction fell by 15.7% in the euro area and by 13.6% in the EU. Overall, production in construction in the euro area and EU has fallen to the lowest level recorded since the start of the series in 1995.

Annual growth in labour costs at 3.4% in euro area

Tuesday, 16.6.2020 - 12:00
In the first quarter of 2020, the quarter when COVID-19 containment measures began to be widely introduced by Member States, hourly labour costs rose by 3.4% in the euro area and by 3.7% in the EU, compared with the same quarter of the previous year. In the fourth quarter of 2019, hourly labour costs increased by 2.3% and 2.7% respectively.

Euro and EU job vacancy rate both at 1.9%

Tuesday, 16.6.2020 - 12:00
In the first quarter of 2020, the quarter when COVID-19 containment measures began to be widely introduced by Member States, the job vacancy rate in the euro area was 1.9%, down from 2.2% in the previous quarter and from 2.3% in the first quarter of 2019, according to figures published by Eurostat, the statistical office of the European Union. In the EU, the job vacancy rate was also 1.9% in the first quarter of 2020, down from 2.1% in the previous quarter and from 2.3% in the first quarter of 2019.

Euro area international trade in goods surplus €2.9 bn

Monday, 15.6.2020 - 12:00
Euro area: In April 2020, the COVID-19 containment measures widely introduced by the Member States continued to have a significant impact on international trade in goods. The first estimate for euro area exports of goods to the rest of the world in April 2020 was €136.6 billion, a decrease of 29.3% compared with April 2019 (€193.3 bn). Imports from the rest of the world stood at €133.7 bn, a fall of 24.8% compared with April 2019 (€177.8 bn). As a result, the euro area recorded a €2.9 bn surplus in trade in goods with the rest of the world in April 2020, compared with +€15.5 bn in April 2019. Intra-euro area trade fell to €112.4 bn in April 2020, down by 32.2% compared with April 2019.

Industrial production down by 17.1% in euro area and 17.3% in EU

Friday, 12.6.2020 - 12:00
In April 2020, the COVID-19 containment measures widely introduced by Member States continued to have a significant impact on industrial production. The seasonally adjusted industrial production fell by 17.1% in the euro area and by 17.3% in the EU, compared with March 2020, according to estimates from Eurostat, the statistical office of the European Union. These are the largest monthly falls recorded since the start of the series, significantly higher than the 3% to 4% drops seen in late 2008 and early 2009 during the financial crisis.

GDP down by 3.6% and employment down by 0.2% in the euro area

Tuesday, 9.6.2020 - 12:00
GDP growth in the euro area and EU: Seasonally adjusted GDP decreased by 3.6% in the euro area and by 3.2% in the EU during the first quarter of 2020, compared with the previous quarter, according to an estimate published by Eurostat, the statistical office of the European Union. These were the sharpest declines observed since time series started in 1995. In March 2020, the final month of the period covered, COVID-19 containment measures began to be widely introduced by Member States. In the fourth quarter of 2019, GDP had grown by 0.1% in both the euro area and the EU.

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