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In February, the Economic Sentiment Indicator (ESI) decreased further in both the EU and the euro area. It fell by 3.1 points in the EU and by 1.6 points in the euro area, to 100.2 and 100.1 respectively. The indicator, which has been on a downward path since mid-2007, now stands at its long-term average in both areas.
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The most representative survey of the UK small business sector has revealed that nearly half of those questioned were producing new products and services, the highest level since the survey began in 2003.
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Propelled by an expanding industrial and manufacturing sector along with EU directives that stringently regulate wastewater and sludge quality, the water and wastewater treatment market in Poland is proving increasingly attractive. A wide range of opportunities exists for contractors, service providers, consultants as well as equipment and technology suppliers.
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EU Member States voted in favour of the European Commission decision to impose a mandatory warning on all magnetic toys.
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The euro area (EA15) seasonally-adjusted unemployment rate stood at 7.1% in January 2008, unchanged compared with December 2007. It was 7.7% in January 2007. The EU271 unemployment rate was 6.8% in January 2008, the same as in December 20073. It was 7.5% in January 2007.
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Euro area annual inflation was 3.2% in January 2008, up from 3.1% in December 2007. A year earlier the rate was 1.8%. Monthly inflation was -0.4% in January 2008.
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The February Bloomberg Euro Zone Retail Purchasing Managers' Index ("PMI(R)"), an indicator based on a mid-month survey of economic conditions in the euro area retail sector that provides data one month ahead of government issued figures, indicated that month-on-month food and drink sales in the Eurozone retail sector increased for the first time since last September.
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House prices in England and Wales increased by 0.9 per cent in January
according to the latest monthly figures from Land Registry.
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Russian consumers in at least 10 cities will benefit from a pilot program to improve housing and communal services due to a partnership between the Russian Federation and the World Bank, which today approved a US$200 million loan for a Housing and Communal Services (HCS) Project in Russia.
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The European Steel Technology Platform (ESTEP) has today decided to launch a second phase of the Ultra Low CO2 Steelmaking research programme. ULCOS-II will be the world’s most ambitious Research and Development (R&D) effort to reduce process-related CO2 emissions in steelmaking.
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