by 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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