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MFI Interest Rate Statistics: June 2009

added: 03-08-2009

In June 2009 all the average MFI interest rates on new deposits and most average MFI interest rates on new loans further decreased. Most average MFI interest rates on outstanding amounts of deposits and loans decreased.

69% of Workers Helped by EU Globalisation Fund Found Another Job

added: 31-07-2009

10,000 workers were helped by the European Globalisation Adjustment Fund (EGF) last year and of these, more than two-thirds found a new job, according to a report adopted by the European Commission. The second annual report on the EGF shows an increasing uptake of the funds by EU countries for measures to support workers dismissed as a result of globalisation. It also reports on the outcome of the first EGF contributions in terms of helping the redundant workers into new jobs.

Euro Area Unemployment up to 9.4% in June 2009

added: 31-07-2009

The euro area (EA16) seasonally-adjusted unemployment rate was 9.4% in June 2009, compared with 9.3% in May. It was 7.5% in June 2008. The EU27 unemployment rate was 8.9% in June 2009, compared with 8.8% in May. It was 6.9% in June 2008. For the euro area this is the highest rate since June 1999 and for the EU27 since June 2005.

Bloomberg Euro-Zone PMI Signals Further Sales Decline in July 2009

added: 31-07-2009

The Bloomberg Euro-Zone Retail Purchasing Managers' Index ("PMI "), based on a mid-month survey of more than 1,000 executives in the euro area retail sector that provides data one month ahead of government-issued figures, fell from 47.5 in June to 47.3 in July. By dropping further below the no-change level of 50.0, the seasonally adjusted index pointed to a sharper rate of decline in like-for-like sales, which have now fallen for fourteen successive months. The rate of contraction in July was also faster than the average during Q2, but has eased since Q1 and the survey-record pace seen last November.

The Economic Sentiment Indicator Continues to Recover: July 2009

added: 31-07-2009

In July, the Economic Sentiment Indicator (ESI) for the EU and the euro area improved further, registering the fourth consecutive increase in both series since the trough in March. However, in both areas, the level is still far below the long-term average. The ESI increased by 3.9 points in the EU, and by 2.8 points in the euro area, to 75.0 and 76.0 respectively.

Euro Area Economic and Financial Developments by Institutional Sector: First Quarter 2009

added: 31-07-2009

In the first quarter of 2009, the annual growth rate1 of net disposable income in the euro area equalled -5.2%, compared with -0.8% in the fourth quarter of 2008. The annual growth rate of consumption was 0.5% in the first quarter, following growth of 2.1% in the previous quarter. The annual growth rate of gross fixed capital formation decreased to -10.6% in the first quarter of 2009, from -3.3% in the previous quarter. In the first quarter of 2009 the annual growth rate of net saving declined to -68.2%, from -28.2% in the previous quarter.

Household Saving Rate at 15.6% in the Euro Area and 13.8% in the EU27

added: 30-07-2009

In the first quarter of 2009, in both the euro area (EA16) and the EU27, the seasonally adjusted household saving rate continued to increase and the household investment rate to decrease. In both zones, the fall in business investment rates and profit shares carried on.

The Euro Area Bank Lending Survey: July 2009

added: 30-07-2009

The results of the July 2009 bank lending survey show that in the second quarter of 2009 the net percentage of banks reporting a tightening of credit standards applied to loans and credit lines to enterprises broadly halved, to 21%, compared with 43% in the first quarter of 2009 and down from the high level seen in the third and fourth quarters of 2008.

Europeans Overwhelmingly Consider the Environmental Impact of Products They Buy

added: 29-07-2009

Four out of five Europeans say that they consider the environmental impact of the products they buy reveals a Eurobarometer survey published today. Environmental consideration was highest in Greece where more than 9 in 10 of those surveyed said the impact of a product on the environment plays an important aspect in their purchasing decisions.

Stark Differences in Working Time Across Europe

added: 29-07-2009

In 2008, the average collectively agreed weekly working time in the European Union remained unchanged at 38.6 hours, according to the annual update on working time developments from Eurofound, the Dublin-based EU Agency. The report, which looks at working time agreements set by collective bargaining, also found that the average paid annual leave entitlement for workers in Europe was 25.2 days across the EU in 2008; however, some countries had up to three weeks’ more holidays than others.

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