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Nearly Two-Thirds of German Broadband Customers Would Switch Providers

added: 28-12-2008

Although seventy percent of German Broadband subscribers report being satisfied with their current provider, nearly two-thirds would defect if offered a 20% price reduction, according to a report just published by analyst firm Strategy Analytics. Deutsche Telekom customers were among the least likely to be influenced by competitive price offerings.

The Leading Index for Germany Declined 2.6 Percent in October 2008

added: 24-12-2008

The Conference Board announced that the leading index for Germany declined 2.6 percent and the coincident index decreased 0.4 percent in October.

Euro Area Balance of Payments in October 2008

added: 23-12-2008

In October 2008 the working day and seasonally adjusted current account of the euro area recorded a deficit of EUR 6.4 billion. In the financial account, combined direct and portfolio investment showed net inflows of EUR 108 billion.

Quarterly Report on the Euro Area: Rapid, Forceful and Coordinated Action is Key to Support the Economy

added: 22-12-2008

Swift and coordinated implementation of the European Economic Recovery Plan is key to restore confidence and mitigate the effects of the crisis on the real economy, recalls the Quarterly Report on the Euro Area (QREA). The financial crisis has intensified during the past three months, taking an increasing toll on the real economy. The Report examines to what extent financing costs have increased for the corporate sector since the summer of 2007 and how this is impacting economic activity. It also finds that the current contraction in non-residential investment points to a sharp cyclical correction ahead.

Industrial New Orders Down By 4.7% In Euro Area in October 2008

added: 22-12-2008

In October 2008 compared with September 2008, the euro area (EA15) industrial new orders index fell by 4.7%. In September the index decreased by 5.4%. In the EU27 new orders declined by 6.3% in October 2008, after dropping by 5.2% in September. Excluding ships, railway & aerospace equipment, for which changes tend to be more volatile, industrial new orders fell by 3.8% in the euro area and by 6.3% in the EU27.

UK Energy and Utilities Outlook is Stable for 2009

added: 22-12-2008

Fitch Ratings says that the credit outlook for the UK energy and utility sector will remain stable during 2009, as negative factors such as higher funding costs are balanced by positive factors such as lower wholesale prices.

EU27 Trade Deficit with Brazil at 7 bn Euro in the First Nine Months of 2008

added: 19-12-2008

Between 2000 and 2007, the value of EU27 exports to Brazil grew more slowly than imports, leading to an increasing EU27 deficit in trade with Brazil, from 1.8 billion euro in 2000 to 11.5 bn in 2007. In the first nine months of 2008, the value of EU27 exports to Brazil rose to 19.5 bn compared with 15.4 bn in the first nine months of 2007, and imports increased to 26.8 bn from 23.7 bn. As a result, the EU27 trade deficit with Brazil fell slightly, reaching 7.3 bn in the first nine months of 2008, compared with 8.4 bn in the same period of 2007.

Tough CO2 Legislation Must be Matched by Support for the Automotive Industry

added: 19-12-2008

The European automotive industry will continue to contribute to the ambitious European energy and climate change strategy and is ready to meet the CO2 legislation for passenger cars, endorsed by the European Parliament.

Serious Concern about Burdensome Working Time Directive Decision: ESBA

added: 19-12-2008

The European Small Business Alliance (ESBA) expresses serious concern about the European Parliament's decision to prevent people from working the hours they choose.

Euro Area External Trade Surplus 0.9 bn Euro in October 2008

added: 18-12-2008

The first estimate for the euro area (EA15) trade balance with the rest of the world in October 2008 gave a 0.9 bn euro surplus, compared with +4.2 bn in October 2007. The September 2008 balance was -4.5 bn, compared with +2.9 bn in September 2007. In October 2008 compared with September 2008, seasonally adjusted exports fell by 2.5% and imports by 4.6%.

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