Europe - Economic Data & News 01 (May 08 - Oct 08)

Re: European Economic Data & News - Ongoing

Postby kennynah » Wed May 28, 2008 4:06 pm

Swedish Retail Sales Decline More Than Expected In April
5/28/2008 3:58 AM ET


(RTTNews) - Swedish retail sales declined 1.7% month-on-month in April, following a monthly growth of 0.1% in March, the Statistics Sweden announced Wednesday. Economists had expected just 0.1% fall for the month of April.
The statistical office reported that retail sales in April were the weakest in 10 years.

The annual growth rate in retail sales eased significantly to 0.4% from March's 3.7%. Retail sales for consumables in April decreased 2.1% from the previous year. On the other hand, sales for durables were up



5/28/2008 4pm singapore
Italy May Retailer Confidence falls to 102.8 from revised 106.1 in Apr.


28 May 2008 09:59 GMT
UK Q1 producer output prices in the service sector climbed to an
annual rate of 3.5% from 3.0% in the previous quarter and 2.7% in Q1
2007
, National Statistics reported today. This marks the highest annual
rate of increase
since the final quarter of 2005 and underlines the
extent to which price rises are becoming more widespread across the UK
economy on the back of higher energy costs. The "experimental" data
series showed the quarterly rate of inflation rising to 0.9% from 0.7%
in Q4 and 0.4% in Q1 2007. This was the highest rate of quarterly
increase since Q2 2007.

28 May 2008 09:00 GMT
GERMAN
DATA: State of Baden-Wuerttemberg May CPI rose 0.6% m/m and 2.9%
y/y, after +2.3% y/y in April. The monthly figure was above the +0.4%
median in an MNI analyst survey.
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Re: European Economic Data & News - Ongoing

Postby kennynah » Wed May 28, 2008 6:54 pm

summary of wed's european econ data...

note ALL inflationary figures...
*********
28 May 2008 10:50 GMT

EUROZONE: Data released in the eurozone
..............

** EMU: The eurozone seasonally adjusted current account surplus swung to a deficit of E15.3 billion in March after a surplus of
E7.5 billion in February (revised from +E4.3 bln).

** EMU: Eurozone combined direct/portfolio investment posted a net outflow of E17.5 bln in March, after a net outflow of E0.7 bln in February (revised from +E21.0 bln), the ECB reported Wednesday.

** GERMANY: April import prices +0.9% m/m, +5.7% y/y; March +5.7% y/y

** GERMANY: Saxony May CPI +0.6% m/m, +3.1% y/y vs +2.6% y/y in April

* Brandenburg May CPI +0.5% m/m, +3.1% y/y after +2.6% y/y in April.

* Hesse May CPI +0.7% m/m, 3.5% y/y after +2.9% y/y in April.

* NRW May CPI +0.6% m/m, +2.8% y/y, after +2.2% y/y in April.

* BW May CPI +0.6% m/m, +2.9% y/y, vs +2.3% y/y in April

** These above the MNI German survey medians of +0.4% m/m and +2.8% y/y
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Re: European Economic Data & News - Ongoing

Postby kennynah » Thu May 29, 2008 6:13 pm

29 May 2008 10:00 GMT


BULLET: UK DATA: Sales Volumes Rally, Prices High New Highs..

UK DATA: Sales Volumes Rally, Prices High New Highs - CBI

--UK CBI Dist Trades: May Sales Vol Balance -14% Vs -26% Apr

--UK CBI: JUNE EXPECTED SALES BALANCE +6% VS -15% IN MAY

--UK CBI: MAY ORDERS VOLUME BALANCE -23% VS -28% APR

--UK CBI: MAY VOLUME OF UNDERLYING SALES -13% VS -9% APR

--CBI: MAY QTRLY BUSINESS SITUATION -17% VS -9% IN FEB

--CBI: MAY QTRLY AVG REPORTED SELLING PRICES +56% VS +50% IN FEB

--CBI: MAY QTRLY AVG EXPECTED SELLING PRICES +52% VS +48% IN FEB

--CBI: AVERAGE REPORTED SELLING PRICES HIGHEST SINCE MAY 1992

--CBI: AVERAGE EXPECTED SELLING PRICES HIGHEST SINCE AUG 1992

------------------------------------------------------------------------

Sales volumes recovered somewhat in May, coming in at -14% compared with a median -20% forecast.

The quarterly CBI survey showed that pricing was at record highs, with the reported selling prices highest since May 1992 and expected selling prices highest since Aug 1992.
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Re: European Economic Data & News - Ongoing

Postby kennynah » Mon Jun 02, 2008 7:15 pm

2Jun08
some european econ data updates :

the German purchasing managers' index for manufacturing remained unchanged at 53.6 in May. Economists had expected a slight fall to 53.5, in line with the preliminary estimate in May.

******
Euro Zone Manufacturing PMI Falls Slightly In May
6/2/2008 7:21 AM ET

Euro zone's Purchasing Managers' Index for manufacturing sector fell to 50.6 in May from 50.7 in April, a final survey for May conducted by Royal Bank of Scotland and NTC Economics showed Monday. However, the reading stood above the flash reading of 50.5. The May reading was the lowest since August 2005.

Input price inflation slowed for the second consecutive month but stayed at elevated level. Meanwhile, output prices continued to increase on average, with the rate of growth slightly down in April.

RBS Chief Euro Area Economist, Jacques Cailloux stated, "Euro zone manufacturing continued to record growth of production in May, but this expansion seems to be based on increasingly shaky foundations. In particular, output is expanding despite a drop in new orders and lower backlogs of work."

***********
The number of mortgage approvals for house purchases in the UK stood at 58,000 in April, the Bank of England reported Monday. Mortgage approvals fell from March's 63,000 and 65,000 expected by economists. Net lending secured on dwelling rose GBP6.4 billion compared with GBP6.7 billion in the prior month.
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Re: European Economic Data & News - Ongoing

Postby kennynah » Tue Jun 03, 2008 6:23 pm

03 Jun 2008 09:00 GMT
EMU DATA: GDP growth accelerated to 0.8% in 1Q after having slowed to
0.3% in 4Q
, Eurostat said Tuesday, revising upwards its flash estimate
of 0.7%, while the yearly flash estimate was confirmed at 2.2%. The
upward quarterly correction, expected by only a third of respondents
in a Market News survey of analysts conducted Friday, is exaggerated at
the level of precision Eurostat reports. At two decimal points of
precision, today's first estimate is much closer to the flash result
than the 0.1 point difference suggested by the rounded figures Eurostat
makes available. That there was an upward revision to 1Q, and a
corresponding downward correction to 4Q, reflects the new availability
of Italian data. Italy only published GDP data for both quarters on May
23, leading Eurostat to rely on implicit assumptions for Italian growth
when it released flash results on May 15. Actual growth turned out to be
slightly better than the assumptions in 1Q and slightly worse in 4Q.

03 Jun 2008 09:00 GMT
EMU DATA: Monthly eurozone producer prices accelerated as expected in
April on the back of costlier energy
, boosting the annual rate to a
seven-and-a-half year high, Eurostat said Tuesday. The 0.8% monthly rise
followed an unrevised reading of +0.7% in March, leading the way for an
annual increase of 6.1%, the highest since October of 2000
. This
compares to a recent low of +1.8% last summer. The most significant
impact has come from energy, which accounts for 17.6% of the PPI basket
,
and from non-durable consumer goods, which include processed foods and
account for 25.7% of the basket. Monthly price increases were led by
energy as well. The subindex accelerated to +2.0% in April after a +1.8%
increase the previous month, marking the steepest monthly rise since
last November (+3.5%).

03 Jun 2008 09:32 GMT
DATA SNAP: Greek 1Q 2008 GDP Growth +3.6% On Year

ATHENS -(Dow Jones)- Greek gross domestic product grew 3.6% on the year in the first quarter, according to provisional data from the country's National Statistics Service Tuesday.

The figure is the same as the 3.6% flash estimate the NSS published May 15.

On a quarter-on-quarter basis, GDP rose by 1.1% in the first quarter compared with the preceding fourth quarter.

The European Commission's most recent forecasts show the Greek economy expected to grow 3.4% this year, lower than the Greek government's recently revised growth forecast of 3.6%.
******************

a summary of EMU's data for 3jun08, and a couple of others in brief

03 Jun 2008 10:51 GMT
EUROZONE: Data released in the eurozone Tuesday,
** EMU: GDP growth accelerated to 0.8% in 1Q after having slowed to 0.3%
in 4Q, Eurostat said Tuesday, revising upwards its flash estimate of
0.7%, while the yearly flash estimate was confirmed at 2.2%.
** EMU: Monthly eurozone producer prices accelerated as expected in
April on the back of costlier energy, boosting the annual rate to a
seven-and-a-half year high, Eurostat said Tuesday. The 0.8% monthly
rise followed an unrevised reading of +0.7% in March, leading the way
for an annual increase of 6.1%, the highest since October of 2000.
** GERMANY: New car registrations fall 6.0% in May
- New car registrations rise 4.0% Jan-May - VDA
** SPAIN: May registered jobless rises 0.6% from April - Labour Ministry
** SPAIN: May consumer confidence 56.4 vs Apr 63.8 - ICO
- May consumer expexctations 70.6 vs apr 75.9
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Re: European Economic Data & News - Ongoing

Postby kennynah » Wed Jun 04, 2008 7:00 pm

04 Jun 2008 10:48 GMT


EUROZONE: Releases in the eurozone Wednesday,
** OECD: Appropriate for ECB to leave rates unchanged for now
- Fed should keep rates low til recov at hand, then hike
- Urges caution on upward drifting inflation expectations
- Far from certain that mkt turmoil has passed its peak
- Nations must resist measures to offset high oil, commodities
- Globalization's disinfl. effect fading faster than thought
- US 2008 GDP +1.2%, 2009 +1.1%; CPI +3.2% '08, +2.0% '09
- EMU 2008 GDP +1.7%, 2009 +1.4%; CPI +3.4% '09, +2.4% '08
- Germany WDA GDP '08 +1.9%,'09 +1.1%;Consumption main risk
- EMU HICP to be close to ECB 2% target by the end of 2009
- EMU HICP pressure could dip sharply if econ slows rapidly.
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Re: European Economic Data & News - Ongoing

Postby kennynah » Wed Jun 04, 2008 7:03 pm

04 Jun 2008 10:38 GMT
EUROZONE: Reported comments from eurozone officials Wednesday,
* ECB TRICHET: Financial crisis still troubling institutions.
- Abundant liquidity key to origin of financial turbulence*
- Today's comments no relevance to Thursday's ECB meeting
- G10 cenbanks continue to cooperate and regularly consult each other.
- Financial market turmoil revealed substantial banking weakness- Must find new checks and balances
- Financial stability reform proposals must be launched fast
- Transparency essential for institutions, markets
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Re: European Economic Data & News - Ongoing

Postby kennynah » Wed Jun 04, 2008 7:04 pm

04 Jun 2008 09:06 GMT
EUROZONE DATA: Eurozone retail sales slumped unexpectedly in April

-- -0.6% m/m, -2.9% y/y -- on weakness in both food and non-food sales,
while already-soft March results were revised down substantially,
according to seasonally adjusted Eurostat data released Wednesday.
April's 0.6% monthly drop, the third decline in a row, was well below
median expectations in an MNI survey of analysts and left sales down
2.9% on the year.


absolute mayhem for UK econ data released04 Jun 2008 11:05 GMT
UK: Data released in the UK
** UK CIPS services PMI 49.8 in May - first contaction since Mar 03
- Employment index 46.5 in May vs 51.0 in April - weakest since series
began
** BRC; UK May shop prices rise 0.6% m/m, +1.8% on year
** May Nationwide Consumer Confidence Hits New Low
- UK consumer confidence hit a new record low in May, edging down to
69 from 70 in April, according to the latest Nationwide Consumer
Confidence survey.
** UK Permanent Appointments Contine To Tick Down: NTC/REC
- But Permanent Pay Growth Bounces Off Lows Seen In April
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Re: European Economic Data & News - Ongoing

Postby kennynah » Thu Jun 05, 2008 6:18 pm

eur/usd eased 40bp....in a straight line downwards reacting to this news released at 6pm singapore time.

05 Jun 2008 10:00 GMT

GERMANY DATA: Manufacturing orders
in April once again defied
expectations of a monthly improvement, posting a 1.8% decline in real
and seasonally adjusted terms on weak demand for everything except
consumer goods, the Economics Ministry reported Thursday
. The result,
which easily disappointed the gloomiest forecast in a MNI survey of
analysts last Friday (median forecast +0.5%), leads to only the second
occasion on which the 17-year-old time series has shown five monthly
drops in a row (previously March-July 1992). April stood a full 2.3%
below the average of 1Q, which, with March revised up only slightly to
-0.5% m/m, was down an unrevised 1.3% q/q after -- also uncorrected from
last month -- +4.9% in 4Q. April's three-month moving average was down
to -1.0% from -0.6% in March.
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Re: European Economic Data & News - Ongoing

Postby kennynah » Thu Jun 05, 2008 6:57 pm

i better monitor this one... no smoke without some fire of some sort... and this has been in news for several months now... with that cowboy still in office for another 6 months...who knows what this trigger happy ***ker will do next...

*********

05 Jun 2008 10:09 GMT
VIENNA (AP)--Iran threatened Thursday to sue countries it says have damaged its reputation and pushed to have U.N. Security Council involvement in its nuclear program.

It also accused the U.S. of pressuring the International Atomic Energy Agency to base its latest probe of Iran's nuclear program on fake evidence suggesting Tehran has tried to make nuclear arms.

The comments were made to the 35-nation board of the IAEA by Ali Ashgar Soltanieh, Iran's chief delegate to the agency.
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