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In March 2010 the seasonally adjusted current account of the euro area recorded a surplus of EUR 1.7 billion. In the financial account, combined direct and portfolio investment recorded net outflows of EUR 38 billion (non-seasonally adjusted).
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The Conference Board Leading Economic Index® (LEI) for Germany increased 1.5 percent and The Conference Board Coincident Economic Index® (CEI) increased 0.4 percent in March.
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Western Europe leads the world in retail e-commerce sales. The UK is the most mature market, but other countries increasingly contribute to the region’s online buying clout. Europe’s dominance will continue through 2012, according to Collins Stewart, when online retail sales will cross the $200 billion threshold.
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In the construction sector, seasonally adjusted production rose by 7.6% in the euro area (EA16) and by 6.8% in the EU27 in March 2010, compared with the previous month. In February, production fell by 7.2% and 5.3% respectively.
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The Conference Board Leading Economic Index® (LEI) for France increased 1.2 percent and The Conference Board Coincident Economic Index® (CEI) increased 0.2 percent in March.
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Euro area annual inflation was 1.5% in April 2010, up from 1.4% in March. A year earlier the rate was 0.6%. Monthly inflation was 0.5% in April 2010.
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The first estimate for the euro area (EA16) trade balance with the rest of the world in March 2010 gave a 4.5 billion euro surplus, compared with +1.6 bn in March 2009. The February 2010 balance was +2.4 bn, compared with -1.2 bn in February 2009. In March 2010 compared with February 2010, seasonally adjusted exports rose by 7.5% and imports by 10.3%.
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Emissions of greenhouse gases from EU businesses participating in the EU Emissions Trading System (EU ETS) fell 11.6 % in 2009 compared with a 2008, according to the information provided by Member State registries.
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On Tuesday MEPs approved the EU's new energy efficiency legislation for buildings, which will help consumers to cut their energy bills and the EU as a whole to hit its climate change target of using 20% less energy in ten years' time. Member States will have to alter their building codes so that all new buildings constructed from the end of 2020 meet high energy-saving standards. Existing buildings will have to be upgraded where possible.
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The Conference Board Leading Economic Index® (LEI) for Spain remained unchanged and The Conference Board Coincident Economic Index® (CEI) increased 0.1 percent in March.
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