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The international investment position of the euro area vis-à-vis the rest of the world recorded net liabilities of EUR 1.4 trillion (representing 16% of euro area GDP) at the end of 2009. Compared with the end of 2008, the net liability position decreased by EUR 193 billion. This lower net liability position was mainly the result of positive revaluation effects due to price changes (EUR 128 billion) and other adjustments (EUR 92 billion).
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Enterprise IT spending in Europe, the Middle East and Africa (EMEA) is forecast to rebound in 2011 and reach $795.2 billion, a 1.3 percent increase from 2010, according to Gartner, Inc. However EMEA will be the only region to show a decline in IT spending in both 2009 and 2010, with enterprise IT spending forecast to total $784.8 billion in 2010, a decline of 2.1 percent from 2009.
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In September 2010, compared with August 2010, the volume of retail trade decreased by 0.2% in the euro area (EA16) and by 0.1% in the EU27. In August3 retail trade fell by 0.2% in both zones.
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In September 2010 compared with August 2010, the industrial producer price index rose by 0.3% in the euro area (EA16) and by 0.2% in the EU27. In August 2010, prices increased by 0.1% in both zones.
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The euro area (EA16) seasonally-adjusted unemployment rate was 10.1% in September 2010, compared with 10.0% in August. It was 9.8% in September 2009. The EU27 unemployment rate was 9.6% in September 2010, unchanged compared with August. It was 9.3% in September 2009.
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In the second quarter of 2010, in both the euro area (EA16) and the EU27, the seasonally adjusted business investment rate and profit share grew compared with the previous quarter. In the euro area, stocks remained almost unchanged after five quarters of destocking.
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In the second quarter of 2010, in both the euro area (EA16) and the EU27, the seasonally adjusted household saving rate continued to decrease while the household investment rate recovered slightly. In the euro area, household disposable income fell by 0.3% in real terms.
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The majority of Member States reported improvements in sentiment. Among the seven largest Member States, France registered the most significant increase (+3.4), followed by the Netherlands (+2.8). Improvements were less pronounced in Poland (+0.5), Germany (+0.3), Italy (+0.3) and in the UK (+0.3). In contrast, sentiment worsened slightly in Spain (-0.2). France, Germany, the Netherlands and the UK are all above their long-term average.
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The Conference Board Leading Economic Index® (LEI) for the Euro Area increased 0.3 percent and The Conference Board Coincident Economic Index® (CEI) decreased 0.1 percent in September.
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