Amidst the historically worst first week of a year since stock exchange records exist, the Eurozone economy remains stagnant and appears clearly unable to offer itself and the rest of the global economy a sigh of relief. All along the first week of the New Year Eurostat kept airing quite disappointing statistics for the Eurozone […]EU to pay a dear price if the next crisis catches Eurozone stagnant and deflationary; dire statistics from Eurostat
January 11, 2016 by Leave a Comment
Amidst the historically worst first week of a year since stock exchange records exist, the Eurozone economy remains stagnant and appears clearly unable to offer itself and the rest of the global economy a sigh of relief. All along the first week of the New Year Eurostat kept airing quite disappointing statistics for the Eurozone […]Family incomes stagnate in the EU; people excluded from ‘moderate recovery’
November 12, 2015 by Leave a Comment
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 […]How close is Eurozone to a new recession which may trigger formidable developments?
September 3, 2015 by Leave a Comment
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 […]More billions needed to help Eurozone recover; ECB sidesteps German objections about QE
May 18, 2015 by Leave a Comment
The Eurozone economy has been taking two steps forward and one step backward over the past few months. The minimal increase of the GDP growth rate to 0.4% during the first quarter of this year and the equally small increase of people in employment was accompanied by a fall of industrial production and a decrease […]Eurozone: Economic sentiment-business climate to collapse without support from exports
February 28, 2014 by Leave a Comment
According to the Directorate General for Economic and Financial Affairs (DG ECFIN), of the European Commission, in February, the “Economic Sentiment Indicator (ESI) remained broadly unchanged, marking a marginal increase of 0.2 points in both the euro area (to 101.2) and the EU (to 105.0)”. This was the outcome of increases of the relevant indices […]Industrial producer prices on free fall and stagnant output
February 14, 2014 by 1 Comment
During the last few days, Eurostat, the EU statistical service, has produced disappointing data on the Eurozone economy. Last week it was a fall of the volume of retail sales in December by 1.6%, compared to November. Also in December last year compared with December 2012 the retail sales index decreased by 1% in […]Economic sentiment and business climate stagnate in miserable euro area
January 31, 2014 by Leave a Comment
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)”. […]Eurozone: A Sluggish economy offers no extra jobs
January 9, 2014 by Leave a Comment
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 […]Eurozone: Retail sales and inflation point to recession
November 12, 2013 by 2 Comments
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 […]Eurozone: Economic Sentiment Indicator recovering losses
September 28, 2013 by Leave a Comment
The Economic Sentiment Indicator (ESI), despite a mild rise in September by 1.6 points in the euro area is still below its long-term average (100), and oscillates around the levels of the third quarter of 2010. However if it continuous on its present upwards course, it may soon recover losses of three years. In […]Eurozone: Retail sales betray economic frailty
August 7, 2013 by Leave a Comment
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 […]EU economy: Between recession and indiscernible growth
August 2, 2013 by Leave a Comment
Triumphant announcements, that the European economy has entered in a new growth path just because unemployment in June has decreased in the EU27 by one decimal point and the Economic Sentiment Indicator (ESI) in July increased by 1.2 points in the euro area cannot stand a rigorous critic. Incidentally unemployment in the euro area was […]Eurozone needs more than some decimals of growth
June 6, 2013 by Leave a Comment
Despite the ambivalent mood within and without Europe for the euro area’s economic prospects, some factual developments do not seem to be discouraging. For one thing the Commission gave yesterday the green light for Latvia to adopt the euro and join the Eurozone as from 1 January 2014. The solid decisiveness of this country during […]European Union: Retail sales show deep recession
May 8, 2013 by Leave a Comment
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 […]Eurozone retail sales fall shows recession
April 5, 2013 by Leave a Comment
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 […]
