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Recession Drove EU27 Overall Tax Revenue Down to 38.4% of GDP in 2009

added: 04-07-2011

The overall tax-to-GDP ratio in the EU272 declined to 38.4% in 2009, compared with 39.3% in 2008. Data indicate that this decrease was essentially due to the 4.3% drop in GDP from 2008 to 2009, rather than to tax cuts. Compared to the beginning of the decade the EU27 tax ratio declined by 2.1 points.

Euro Area Unemployment Rate at 9.9% in May 2011

added: 04-07-2011

The euro area (EA17) seasonally-adjusted unemployment rate was 9.9% in May 2011, unchanged compared with April. It was 10.2% in May 2010. The EU27 unemployment rate was 9.3% in May 2011, unchanged compared with April4. It was 9.7% in May 2010.

Monetary Developments in the Euro Area: May 2011

added: 01-07-2011

The annual growth rate of the broad monetary aggregate M3 increased to 2.4% in May 2011, from 2.0% in April 2011. The three-month average of the annual growth rates of M3 in the period from March 2011 to May 2011 stood at 2.2%, compared with 2.1% in the period from February 2011 to April 2011.

Household Electricity Prices in the EU27 Rose by 5.1% and Gas Prices by 7.7%

added: 30-06-2011

In the EU27, household electricity prices rose by 5.1% between the second half of 2009 and the second half of 2010, after a fall of 2.3% between the second half of 2008 and 2009. Household gas prices increased by 7.7% in the EU27 between the second half of 2009 and 2010, after a fall of 15.5% between the second half of 2008 and 2009.

Employment Rate for Those Aged 20 to 64 in the EU27 Decreased to 68.6% in 2010

added: 30-06-2011

The total employment rate for people in the EU27 aged 20 to 64, which is the age group targeted in the Europe 2020 strategy, rose steadily from 66.8% in 2002 to 70.4% in 2008, then fell to 69.1% in 2009, and decreased further in 2010 to 68.6%. The employment rate for women in this age group, which increased continuously from 57.3% in 2000 to 63.0% in 2008, dropped for the first time in 2009 to 62.5%, then fell slightly again in 2010 to 62.1%. In contrast, the rate for older people, i.e. those aged 55 to 64, has continued to grow, reaching 46.3% in 2010, compared with 36.9% in 2000.

Price Levels Varied by One to Three across the EU27 Member States

added: 29-06-2011

In 2010, price levels for consumer goods and services differed widely across Member States. Denmark (143% of the EU27 average) had the highest price level, followed by Finland (123%). Price levels of 10% to 20% above the EU27 average were found in Luxembourg and Sweden (both 120%), Ireland (118%) Belgium and France (both 112%), while Austria (107%), the Netherlands (106%), Germany and Italy (both 104%) were around 5% above the average. The United Kingdom (100%) was on the EU27 average.

The Conference Board Leading Economic Index® (LEI) for the Euro Area Decreased 0.2 Percent in May 2011

added: 27-06-2011

The Conference Board Leading Economic Index® (LEI) for the Euro Area decreased 0.2 percent in May to 108.8 (2004 = 100), following a 0.2 percent increase in April and a 0.5 percent decline in March.

Industrial New Orders up by 0.7% in Euro Area in April 2011

added: 24-06-2011

In April 2011 compared with March 2011, the euro area (EA17) industrial new orders index rose by 0.7%. In March the index fell by 1.5%. In the EU27, new orders increased by 0.2% in April 2011, after a drop of 1.7% in March. Excluding ships, railway & aerospace equipment, for which changes tend to be more volatile, industrial new orders decreased by 0.6% in both zones.

Highest Number of Food Retailers in Spain and Italy

added: 24-06-2011

The food chain usually starts on the farm, within the agricultural sector, where some of the products are already processed. Most of the food consumed in the EU is however processed within the manufacturing sector, before it is distributed through wholesalers and finally purchased by consumers in shops or restaurants.

GDP per capita in the Member States Varied Between 43% and 283% of the EU27 Average

added: 24-06-2011

Based on first preliminary estimates for 2010, Gross Domestic Product (GDP) per capita expressed in Purchasing Power Standards (PPS) varied from 43% to 283% of the EU27 average across the Member States.

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