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The Brussels Eurocrats are trying to convince us all that the European economy, after the 2008-2010 fallout, is now on the right track towards an era of growth and financial security. However, real people out there are still waiting to taste the benefits of this impalpable improvement. Apart from the fact that Eurostat, the EU […]
According to the latest statistics published in August by Eurostat, the EU statistical service, the euro area economy grew by a meager 0.3% during the second quarter of this year. Despite the fact that the mere three decimal points of more gross product typically illustrate a positive development for the Eurozone economy, there are other […]
It’s a bit awkward to consider a drop of the unemployment rate by one decimal point of a percentage unit as economic growth, and call it a reversal to the positive region, as some Brussels dignitaries and bureaucrats do. Incidentally, the euro area unemployment rate fell to 11.3% in February, down from 11.4% in January […]
The European Economic and Social Committee (EESC) worries about the “effectiveness of EU policies in bringing young generations back into the labour market”, and quite rightfully so. A steady stream of statistics confirms the assessment that the European economy has entered into a long-term stagnation and very low inflation period without visible exit from it, […]
Tantalizingly slow proves the tempo of Eurozone’s economic resumption, if such a thing exists at all. According to the European Commission Directorate General for Economic and Financial Affairs (ECFIN), “in January the Economic Sentiment Indicator (ESI) increased by 0.5 points in the euro area (to 100.91) and by 0.9 points in the EU (to 104.7)”. […]
Eurostat, the EU statistical service, released yesterday some mixed data on Eurozone economic prospects. For one thing, euro area (EA17) unemployment rate was reported at 12.1% in November 2013, stubbornly stable at this high level since last April. The EU28 unemployment rate was 10.9%, stable since last May. However, retail sales marked a good upturn […]
Retail sales in Eurozone point to recession, having lost in September a part of their volume. According to Eurostat, “In September 2013 compared with August 2013, “Food, drinks and tobacco” fell by 0.6% in the euro area and by 0.5% in the EU28. The non-food sector decreased by 0.1% in the euro area, but rose […]
Retail sales are an infallible measurement of the internal dynamism or its absence in every economy. They are tightly associated with consumption which is by far the largest component of Gross Domestic Product, investments and exports accounting for the rest of it. For quite some time now retail trade dynamism in Eurozone is practically non-existent […]
Retail trade sales are to be found in the core of effective demand in every advanced economy. Being the driving force behind consumer spending they are considered as the main indicator for the general course of the economy, that is if it grows or recedes. Unfortunately for Eurozone and for the European Union in general […]
According to Eurostat, the EU’s statistical service, retail trade volume in February compared with January 2013 fell by 0.3% in euro area and remained stable in the EU27. However in comparison with the same month of 2012, the drop in retail sales was much larger. In detail, in February 2013 compared with the same month […]
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