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In the fourth quarter of 2010, in both the euro area (EA16) and the EU27, the household saving rate continued to decrease, while the household investment rate remained almost stable at low levels. In the euro area, household disposable income fell by 0.1% in real terms, after an increase of 0.1% in the previous quarter.
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The euro area (EA17) seasonally-adjusted unemployment rate was 9.9% in March 2011, unchanged compared with February. It was 10.1% in March 2010. The EU27 unemployment rate was 9.5% in March 2011, also unchanged compared with February. It was 9.7% in March 2010.
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The Conference Board Leading Economic Index®(LEI) for the Euro Area declined 0.5 percent in March to 108.3 (2004 = 100), following a 0.9 percent increase in February and a 0.7 percent increase in January.
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The annual growth rate of M3 increased to 2.3% in March 2011, from 2.1% in February 2011. The threemonth average of the annual growth rates of M3 over the period January 2011 - March 2011 increased to 2.0%, from 1.8% in the period December 2010 - February 2011.
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According to the April 2011 BLS results, euro area banks generally tightened their credit standards in the first quarter of 2011, albeit moderately, on loans to both non-financial corporations (NFCs) and households. Looking ahead, euro area banks expect a further moderate tightening of credit standards for both NFCs and households in the second quarter of the year.
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The Conference Board Leading Economic Index® (LEI) for Germany increased 0.7 percent and The Conference Board Coincident Economic Index® (CEI) increased 0.3 percent in February.
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In February 2011 compared with January 2011, the euro area (EA17) industrial new orders index rose by 0.9%. In January the index grew by 1.2%. In the EU27, new orders increased by 1.2% in February 2011, after a rise of 0.5% in January. Excluding ships, railway & aerospace equipment, for which changes tend to be more volatile, industrial new orders increased by 0.6% in the euro area and by 0.3% in the EU27.
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In 2010, the government deficit of both the euro area (EA17) and the EU27 decreased compared with 2009, while the government debt and GDP increased. In the euro area the government deficit to GDP ratio decreased from 6.3% in 20093 to 6.0% in 2010, and in the EU27 from 6.8% to 6.4%. In the euro area the government debt to GDP ratio increased from 79.3% at the end of 2009 to 85.1% at the end of 2010, and in the EU27 from 74.4% to 80.0%.
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The Conference Board Leading Economic Index® (LEI) for France increased 0.5 percent and The Conference Board Coincident Economic Index® (CEI) increased 0.1 percent in February.
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Over the past six months UK small-to-medium-sized businesses (SMBs) have grown on average by six per cent despite the broader UK economy struggling, according to the latest SMB Index from HP.
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