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Country	Interest Rate	Growth Rate	Inflation Rate	Jobless Rate	Current Account	Exchange Rate
Euro Area	1.00%	1.00%	1.70%	10.00%	-25	1.3280

Euro Area Economic News

Euro Area Inflation Accelerates in July Published: 8/16/2010 12:13:10 PM By: TradingEconomics.com, Bloomberg Euro Area inflation accelerated to 1.7%, the fastest pace in 20 months in July, on rising energy prices.

Germany Lifts Eurozone GDP Growth 1% Published: 8/13/2010 10:39:51 AM By: TradingEconomics.com, FT Germany on Friday reasserted itself as the economic growth engine of the eurozone, after gross domestic product expanded at a stellar 2.2 per cent rate in the second quarter compared with the previous three months.

ECB Leaves Rates on Hold Published: 8/5/2010 10:44:06 AM By: Financial Times The European Central Bank left its main interest rate unchanged on Thursday at a record low of 1 per cent for the 15th consecutive month.

European Inflation Jumps to 20-Month High Published: 8/2/2010 4:13:04 AM By: TradingEconomics.com, Bloomberg European inflation accelerated to the fastest pace in more than 1 1/2 years on rising energy costs.

Eurozone Inflation Moderates In June Published: 7/14/2010 2:46:27 PM By: TradingEconomics.com, RTT News Eurozone inflation eased in June and remained within the official target range, giving no reason to change monetary policy.

ECB Keeps Rate at 1% Published: 7/8/2010 11:19:13 AM By: TradingEconomics.com, ECB The European Central Bank left interest rates at a record low as rising market borrowing costs and the sovereign debt crisis threaten to derail the region’s economic recovery.

ECB Lends Banks Less Than Estimated Published: 6/30/2010 10:06:09 AM By: TradingEconomics.com, Reuters Banks borrowed less than expected from the European Central Bank in a key funding operation on Wednesday, easing fears about their ability to cope with the repayment of close to half a trillion euros in 12-month funds on Thursday.

Euro Area Inflation Slows in June Published: 6/30/2010 9:54:07 AM By: TradingEconomics.com, Bloomberg Euro-area consumer prices rose 1.4 percent from a year earlier after increasing 1.6 percent in May, the European Union statistics office in Luxembourg said.

Euro Area Inflation Accelerates in May Published: 6/16/2010 9:51:58 AM By: TradingEconomics.com, Bloomberg Euro Area inflation accelerated to the fastest pace in more than a year in May as surging energy costs and a weaker euro made imported goods more expensive across the 16-nation region.

Euro Area Trade Surplus Shrinks in April Published: 6/15/2010 9:58:49 AM By: TradingEconomics.com, Eurostat The first estimate for the euro area (EA16) trade balance with the rest of the world in April 2010 gave a 1.8 billion euro surplus, compared with +2.6 bn in April 2009.

European Central Bank Keeps Rate at Record Low Published: 6/10/2010 10:14:53 AM By: TradingEconomics.com, Bloomberg The European Central Bank left interest rates at a record low after Europe’s sovereign debt crisis forced it to start buying government bonds

Recovery in Euro Area Seen Falling Behind Schedule Published: 6/9/2010 10:36:47 AM By: TradingEconomics.com, Bloomberg In the first quarter of 2010, the Euro Area economy expanded 0.2%, supported mainly by exports and government spending. Yet, new austerity measures put on place by many member countries in order to fight fiscal deficit may push the recovery even more behind schedule.

Euro Area April Jobless Rate Rises Published: 6/1/2010 9:48:04 AM By: TradingEconomics.com, Eurostat Euro zone unemployment rose to its highest level in almost 12 years in April but a drop in the number of jobless in Germany in May signaled the labor market could be stabilizing.

Euro Area Trade Surplus Widens Published: 5/18/2010 10:27:25 AM By: TradingEconomics.com, Eurostat 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.

Euro Area Inflation Rises to 1.5% in April Published: 5/18/2010 10:23:53 AM By: TradingEconomics.com, Eurostat Euro Area annual inflation was 1.5% in April 20102, up from 1.4% in March. A year earlier the rate was 0.6%. Monthly inflation was 0.5% in April 2010.

Euro Area Economy Grows at 0.2% Published: 5/12/2010 9:51:03 AM By: TradingEconomics.com, Bloomberg Europe’s economy expanded at a faster pace than economists forecast in the first quarter as a global recovery boosted exports.

Shock and Awe Package Lifts Euro Markets Published: 5/10/2010 10:16:42 AM By: TradingEcoomics.com, Reuters 750 billion euros global emergency package to stabilize the euro unleashed a spectacular rally in European stocks and bonds on Monday but analysts said EU leaders had only bought time to tackle deep-seated fiscal problems.

EU to Fend off Market "wolves" in Greek Crisis Published: 5/9/2010 5:11:11 PM By: TradingEconomics.com, Reuters European Union finance ministers on Sunday promised to counter the "wolfpack" of the financial markets and defend the euro as they held an emergency meeting on ways to keep Greece's debt crisis from spreading.

ECB Holds Rates Steady, Seeks to Rein in Greek Crisis Published: 5/8/2010 7:54:16 PM By: TradingEconomics.com, AFP The European Central Bank (ECB) held its main interest rate steady at a record low of one percent on Thursday as governors sought to keep the Greek debt crisis from threatening the entire 16-nation eurozone.

EU Finance Chiefs Race to Ready Emergency Fund Before Asian Markets Open Published: 5/8/2010 7:03:43 PM By: TradingEconomics.com, Bloomberg European Union finance ministers met on Saturday to hammer out the details of an emergency fund to prevent a sovereign debt crisis from shattering confidence in the 11- year-old euro.

EU Bets $146 Billion on Greek Bailout to Avert Contagion Published: 5/3/2010 10:51:27 AM By: TradingEconomics.com, Bloomebrg Euro-region governments are betting 110 billion euros ($146 billion) in economic medicine for Greece will be enough to inoculate the rest of their region from contagion.

Euro Area Unemployment Rate at 10.0% Published: 4/30/2010 11:05:04 AM By: TradingEconomics.com, Eurostat The euro area (EA16) seasonally-adjusted unemployment rate was 10.0% in March 2010, the same as in February. It was 9.1% in March 2009. The EU27 unemployment rate was 9.6% in March 2010, unchanged compared with February. It was 8.5% in March 2009.

Euro Area Inflation Accelerates to 1.5% Published: 4/30/2010 11:00:18 AM By: TradingEconomics.com, Reuters Euro zone inflation edged up as expected in April but remained well below the European Central Bank's target, underlining market expectations of unchanged ECB interest rates until 2011.

Greece's help May Arrive Too Late Published: 4/29/2010 11:30:32 PM By: Anna Fedec, contact@tradingeconomics.com On Thursday, the European Commission said that the multi loan program for Greece would be finalized within the next few days. Yet, although the markets have stabilized, it's hard to believe that Athens will finally receive the much needed help after many months of meetings and broken promises.

Greek, Portuguese Bonds Drop as Debt Crisis Escalates Published: 4/27/2010 12:29:47 PM By: TradingEconomics.com, Bloomberg Government bonds of the euro region’s most indebted nations slumped, led by the biggest drop for Greek two-year notes since at least 1998, as credit downgrades escalated Europe’s sovereign-debt crisis.

Euro Area Records Trade Surplus in February Published: 4/16/2010 10:14:45 AM By: TradingEconomics.com, Eurostat The first estimate for the euro area (EA16) trade balance with the rest of the world in February 2010 gave a 2.6 bn euro surplus, compared with -1.2 bn in February 2009.

Euro Area Annual Inflation up to 1.4% Published: 4/16/2010 10:13:45 AM By: TradingEconomics.com, Eurostat Euro area annual inflation was 1.4% in March 20102, up from 0.9% in February. A year earlier the rate was 0.6%. Monthly inflation was 0.9% in March 2010.

ECB Keeps Rate at 1% Published: 4/8/2010 10:12:20 AM By: TradingEconomics.com, Bloomberg The European Central Bank left interest rates at a record low as the Greek fiscal crisis complicates its withdrawal of emergency stimulus measures.

Euro Area Unemployment Rate Inches Up Published: 3/31/2010 10:02:30 AM By: TradingEconomics.com, Eurostat The euro area (EA16) seasonally-adjusted unemployment rate was 10.0% in February 2010, compared with 9.9% in January. It was 8.8% in February 2009.

Euro Area Inflation Jumps in March Published: 3/31/2010 9:54:56 AM By: TradingEconomics.com, Eurostat European inflation accelerated more than economists forecast on higher oil prices.

Eurozone Core Inflation Falls To Record Low In February Published: 3/16/2010 9:54:54 AM By: TradingEconomics.com, Eurostat Eurozone core inflation dropped to an all-time low in February, suggesting that deflationary pressures persist in the 16-nation economy.

ECB Keeps Key Rate at 1% Published: 3/4/2010 9:37:58 AM By: TradingEconomics.com, Bloomberg The European Central Bank left its benchmark interest rate at a record low as policy makers weigh the risks of withdrawing emergency lending measures amid Greece’s fiscal crisis.

Recovery in Euro Area Seen Falling Behind Schedule Published: 3/3/2010 5:44:02 PM By: Anna Fedec, contact@tradingecoomics.com After promising data in the third quarter of 2009, the Euro Area economy expanded by only 0.1% in the last three months of last year. And if it wouldn't be for France's 0.6% growth, the common currency zone would most likely record a contraction.

Euro Area Inflation Slows Published: 3/2/2010 10:04:55 AM By: TradingEconomics.com, Bloomberg European inflation slowed in February after rising unemployment and a weakening recovery prompted households to scale back spending.

Euro Zone Unemployment Rate Flat Published: 3/1/2010 9:45:56 AM By: TradingEconomics.com, Reuters Euro zone unemployment remained at 9.9% in January and the previous month's jobless numbers were lower than previously thought, data showed, defying expectations of further labour market deterioration.

Europe Inflation Quickens to Fastest in Almost a Year Published: 2/26/2010 9:56:45 AM By: TradingEconomics.com, Bloomberg Euro Area inflation accelerated in January to the fastest in almost a year led by surging energy costs.

Euro Area Exports Rise in December Published: 2/17/2010 10:10:59 AM By: TradingEconomics.com, Bloomberg European exports increased in December as a strengthening global economy and a weaker euro boosted demand for goods from the region.

Europe’s Recovery Almost Stalls Published: 2/12/2010 9:36:04 AM By: TradingEconomics.com, Bloomberg Europe’s recovery almost stalled in the fourth quarter as waning spending and investment in Germany unexpectedly brought growth in the region’s largest economy to a halt.

Debt Crisis May Endanger Europe's Economic Recovery Published: 2/6/2010 12:24:28 PM By: Anna Fedec, contact@tradingeconomics.com In the third quarter of 2009, the Euro Area economy emerged from the worst recession since World War II. Yet, during the last few weeks, the single currency union has been facing the biggest challenge since its establishments as lower tax revenues started bringing fiscal deficit in some member countries to unsustainable levels.

ECB Holds Rates, Sees Moderate, Uneven Recovery Published: 2/4/2010 10:25:48 AM By: TradingEconomics.com, Reuters The European Central Bank kept interest rates at a record low of 1.0 percent on Thursday and reaffirmed its view that the euro zone's economic recovery would be modest and uneven this year.

Euro Area Unemployment Hits 10.0% Published: 1/29/2010 10:17:52 AM By: TradingEconomics.com, Eurostat The euro area (EA16) seasonally-adjusted unemployment rate was 10.0% in December 2009, compared with 9.9% in November. It was 8.2% in December 2008. The EU27 unemployment rate was 9.6% in December 2009, compared with 9.5% in November. It was 7.6% in December 2008.

Euro Area Inflation up to 0.9% in December Published: 1/16/2010 2:36:57 PM By: TradingEconomics.com, Eurostat Euro area annual inflation was 0.9% in December 20092, up from 0.5% in November. A year earlier the rate was 1.6%.

Euro Area Exports Drop for Second Month in November Published: 1/16/2010 2:31:28 PM By: TradingEconomics.com, Business Week European exports declined for a second month in November as the euro’s strength made goods from the region more expensive abroad.

ECB Keeps Rates on Hold Published: 1/16/2010 2:23:22 PM By: TradingEconomics.com, MarketWatch The European Central Bank kept benchmark interest rates unchanged at a record low of 1.0 percent on Thursday with the ECB expected to remain in a holding pattern given uneven growth and low inflation.

Euro Area Unemployment Rate Rises to 10% Published: 1/8/2010 9:57:30 AM By: TradingEconomics.com, Eurostat The euro area (EA16) seasonally-adjusted unemployment rate was 10.0% in November 2009, compared with 9.9% in October. It was 8.0% in November 2008.

Euro Area Inflation Accelerates Published: 1/5/2010 9:53:05 AM By: TradingEconomics.com, Bloomberg Consumer prices in the 16-nation euro region rose 0.9 percent from a year earlier after increasing 0.5 percent in November. The December rate was the highest since February 2009.

Euro Area Records Trade Surplus in October Published: 12/18/2009 10:34:37 AM By: TradingEconomics.com, Reuters The euro zone swung to a trade surplus in October from a deficit a year earlier as exports fell less than imports despite a stronger euro exchange rate, likely helping economic growth late in 2009.

Euro Area Economic Growth May be Slower in 2010 Published: 12/10/2009 6:01:52 PM By: Anna Fedec, contact@tradingeconomics.com In the third quarter of 2009, the Euro Area economy emerged from the worst recession since World War II. And although estimates for next year are positive, the second largest economy in the world will have to face many challenges in order to make a sustainable recovery.

Trichet Says ECB to Scale Back Emergency Loans Published: 12/3/2009 10:52:54 AM By: TradingEconomics.com, Bloomberg European Central Bank President Jean- Claude Trichet said the ECB will scale back its flagship emergency financing operations next year as the euro region starts an “uneven” recovery.

Euro Area GDP up by 0.4% Published: 12/3/2009 10:50:05 AM By: TradingEconomics.com, Eurostat GDP increased by 0.4% in the euro area1 (EA16) and by 0.3% in the EU27 during the third quarter of 2009, compared with the previous quarter, according to first estimates released by Eurostat. In the second quarter of 2009, growth rates were -0.2% in the euro area and -0.3% in the EU27.

Eurozone Rates Left Unchanged at 1% Published: 12/3/2009 9:31:47 AM By: TradingEconomics.com, Financial Times The European Central Bank is expected later on Thursday to announce fresh moves dismantling emergency actions taken to shore-up financial markets, after its governing council left official eurozone interest rates unchanged at 1%.

Euro Area Unemployment Rate Stable at 9.8% Published: 12/1/2009 10:50:54 AM By: TradingEconomics.com, Eurostat The euro area (EA16) seasonally-adjusted unemployment rate was 9.8% in October 2009, the same as in September. It was 7.9% in October 2008.

Euro Area Consumer Prices Rise Published: 11/30/2009 9:51:01 AM By: TradingEconomics.com, Bloomberg, Eurostat Euro Area annual inflation is expected to be 0.6% in November 2009 according to a flash estimate issued by Eurostat. It was -0.1% in October.

Europe Manufacturing, Services Expansion Accelerates Published: 11/23/2009 9:30:25 AM By: TradingEconomics.com, Bloomberg Europe’s services and manufacturing industries expanded at the fastest pace in two years in November after a reviving global economy helped the euro region emerge from the worst recession in more than 60 years.

Euro Area Exports Rose Most in 20 Months in September Published: 11/17/2009 9:26:29 AM By: TradingEconomics.com, Bloomberg European exports increased the most in more than a year and a half in September as reviving global demand helped the region’s economy emerge from its deepest recession since World War II.

Euro Area Inflation Falls Published: 11/16/2009 9:14:42 AM By: TradingEconomics.com, Bloomberg European consumer prices declined for a fifth month in October as rising unemployment discouraged household spending.

Europe’s Economy Emerges From Recession Published: 11/13/2009 9:31:22 AM By: TradingEconomics.com, Bloomberg The euro-area economy emerged from its worst recession since World War II in the third quarter as exports from Germany and France helped compensate for households’ reluctance to increase spending.

Trichet Says ECB to Phase Out Emergency Measures Published: 11/5/2009 9:22:55 AM By: TradingEconomics.com, Bloomberg European Central Bank President Jean- Claude Trichet said officials will withdraw some of the emergency liquidity measures introduced to fight the worst recession since World War II.

The Euro Area is Not Heading to a Sustainable Recovery Published: 10/30/2009 2:49:14 PM By: Anna Fedec, contact@tradingeconomics.com The Euro Area economy probably returned to positive growth in the third quarter of 2009. However, the recovery may not be sustainable because of rising unemployment and scarce credit availability.

Euro Area Inflation Declines Published: 10/30/2009 9:44:21 AM By: TradingEconomics.com, Reuters The European Union's statistics agency said consumer prices in the 16-country euro area fell 0.1 percent year-on-year in October, after a 0.3 percent decline in September.

Euro Area Unemployment Rises to 9.7% Published: 10/30/2009 9:36:32 AM By: TradingEconomics.com, Eurostat The euro area (EA16) seasonally-adjusted unemployment rate was 9.7% in September 2009, compared with 9.6% in August. It was 7.7% in September 2008.

European Manufacturing Expands, Services Growth Accelerates Published: 10/23/2009 8:51:39 AM By: TradingEconomics.com, Bloomberg Europe’s manufacturing expanded for the first time in 17 months and services industries grew at a faster pace in October as evidence mounted that the global economy is pulling out of the recession.

European Consumer Prices Decline for Fourth Month Published: 10/15/2009 11:37:41 AM By: TradingEconomics.com, Bloomberg European consumer prices fell for a fourth month in September as energy prices dropped and companies cut jobs and reduced costs to weather the global economic slump.

Trichet Signals ECB in No Rush to Increase Rates Published: 10/8/2009 9:25:13 AM By: TradingEconomics.com, Bloomberg, ECB European Central Bank President Jean- Claude Trichet said interest rates are “appropriate,” signaling the bank has no plans to tighten policy yet as Europe emerges from the deepest recession since World War II.

European Economy Contracts More Than Estimated Published: 10/7/2009 9:45:19 AM By: TradingEconomics.com, Bloomberg Europe’s economy contracted more than estimated in the second quarter as consumer spending, investment and exports were weaker than earlier reported.

Europe Unemployment Rises to Highest Since March 1999 Published: 10/1/2009 9:33:20 AM By: TradingEconomics.com, Bloomberg Europe’s unemployment rate rose to the highest in more than 10 years in August as companies continued to cut jobs even as the region’s largest economies emerged from recession.

European Consumer Prices Decline More Than Forecast Published: 9/30/2009 9:50:02 AM By: TradingEconomics.com, Bloomberg Prices in the 16-nation euro region declined 0.3 percent from a year earlier after falling 0.2 percent in August, the European Union statistics office in Luxembourg said . The September drop was the fourth straight decrease and exceeded the 0.2 percent fall projected by economists.

Europe’s Trade Surplus Rises to Highest in Five Years Published: 9/17/2009 9:22:04 AM By: TradingEconomics.com, Bloomberg Euro Area posted the largest trade surplus in five years in July on increasing exports, adding to signs the region’s economy is emerging from the recession.

Euro Area Inflation up to -0.2% Published: 9/16/2009 10:06:19 AM By: TradingEconomics.com, Bloomberg Euro area annual inflation was -0.2% in August 2009, up from -0.7% in July. A year earlier the rate was 3.8%. Monthly inflation was 0.3% in August 2009.

ECB Keeps Key Rate at Record Low Published: 9/3/2009 9:09:51 AM By: TradingEconomics.com, Bloomberg The European Central Bank left interest rates at a record low and may signal it’s in no rush to withdraw emergency stimulus measures as the economy shows signs of recovering from its worst recession since World War II.

ECB May Keep Rates at Record Low Published: 9/2/2009 10:41:06 PM By: TradingEconomics.com, Bloomberg The European Central Bank will leave interest rates at a record low and signal it’s in no rush to withdraw emergency stimulus measures as the economy shows signs of recovering from its worst recession since World War II, economists said.

Europe Unemployment Rate Rises Published: 9/1/2009 9:44:25 AM By: TradingEconomics.com, Bloomberg, Eurostat Europe’s unemployment rate rose to the highest in more than 10 years in July as companies cut jobs to weather the worst recession in six decades.

European Inflation Declines Less Than Forecast Published: 8/31/2009 9:18:02 AM By: TradingEconomics.com, Bloomberg European consumer prices dropped less than economists forecast in August as the economy recovered from the deepest slump in six decades.

Euro Area Trade Surplus Widened Published: 8/17/2009 9:48:29 AM By: TradingEconomics.com, Eurostat The first estimate for the euro area (EA16) trade balance with the rest of the world in June 2009 gave a 4.6 bn euro surplus, compared with 0.0 bn in June 2008. The May 2009 balance was +2.1 bn, compared with -3.8 bn in May 2008. In June 2009 compared with May 2009, seasonally adjusted exports fell by 0.1%, while imports remained stable.

Euro Area Economic Recovery Looks Fragile Published: 8/14/2009 12:17:58 PM By: Anna Fedec, contact@tradingeconomics.com The Euro Area GDP shrank only 0.1% in the second quarter of 2009, according to data released this week. But is it really a good idea for politicians to be excited about growth below trend? Moreover, can one economist forecast that the Eurozone is on the brink of a major economic recovery? Probably not.

European CPI Drop More Than Estimated Published: 8/14/2009 9:44:18 AM By: TradingEconomics.com, Bloomberg European consumer prices dropped more than initially estimated in July as energy costs decreased and rising unemployment prompted households to cut spending.

Euro Area Economy Contracted 0.1% in Q2 Published: 8/13/2009 9:53:51 AM By: TradingEconomics.com, Bloomberg The euro-region economy barely contracted in the second quarter as Germany and France unexpectedly returned to growth, suggesting Europe’s worst recession since World War II is coming to an end.

ECB Keeps Rate at Record Low Published: 8/6/2009 8:53:16 AM By: TradingEconomics.com, Bloomberg The European Central Bank left interest rates at a record low as it tries to get credit flowing again and strengthen an economy that may return to growth this quarter.

European Prices Fall 0.6% in July Published: 7/31/2009 9:42:42 AM By: TradingEconomics.com, Bloomberg European inflation fell by the most in at least 13 years in July after energy costs declined and unemployment rose to the highest in a decade.

Europe Unemployment Rises Less Than Forecast Published: 7/31/2009 9:34:18 AM By: TradingEconomics.com, Bloomberg, Eurostat European unemployment rose less than economists forecast in June as new data showed the jobless rate in Spain, the euro-area country with the most job losses in the past year, increased less than previously estimated.

Europe Posts Trade Surplus in May Published: 7/17/2009 9:12:40 AM By: TradingEconomics.com, Bloomberg Europe posted a trade surplus for a second month in May as exports declined less than imports.

Europe June Inflation Record First Annual Drop Published: 7/15/2009 9:33:04 AM By: TradingEconomics.com, Bloomberg European consumer prices fell in June for the first time since at least 1996 as energy costs dropped and rising unemployment curbed household spending.

ECB Actions Slow But Steady Published: 7/9/2009 11:44:04 AM By: Anna Fedec, contact@tradingeconomics.com Recently, the European Central Bank has been very active after being criticized for a long time for being too slow in implementing monetary policy measures to help the distressed European economy.

The European Economy is Still at Risk! Published: 7/8/2009 11:27:35 AM By: Anna Fedec, contact@tradingeconomics.com In the first quarter of 2009, the Euro Area economy shrank 4.9 percent from a year earlier, the biggest decline on record. And although there are some signs that the world’s second largest economy is getting better, it will likely contract further during the next few months.

Europe’s Economy Shrinks Most on Record Published: 7/8/2009 9:22:06 AM By: TradingEconomics.com, Bloomberg Europe’s economy contracted by a record in the first quarter as exports dropped and companies cut spending and jobs to weather the slump in demand.

Euro Area Unemployment up to 9.5% Published: 7/2/2009 9:20:59 AM By: TradingEconomics.com, Eurostat The euro area seasonally-adjusted unemployment rate was 9.5% in May 2009, compared with 9.3% in April. It was 7.4% in May 2008.

ECB Leaves Rates Unchanged at 1% Published: 7/2/2009 9:09:36 AM By: TradingEconomics.com, Financial Times Eurozone official interest rates were left unchanged at 1 per cent by the European Central Bank on Thursday as policymakers await signs of the region’s economic recovery gaining momentum.

Eurozone Inflation Turns Negative Published: 6/30/2009 10:02:56 AM By: TradingEconomics.com, Financial Times Eurozone annual inflation has turned negative for the first time, complicating the job of the European Central Bank as draws a line under emergency measures to tackle continental Europe’s recession.

ECB Pumps Record €442bn Into System Published: 6/24/2009 11:54:16 AM By: TradingEconomics.com, Financial Times The European Central Bank has pumped a record €442.2bn into the eurozone banking system in a first-ever offer of unlimited one-year funds as it battles continental Europe’s severe recession.

European Manufacturing, Services Contraction Weakens Published: 6/23/2009 8:30:32 AM By: Tradingeconomics.com, Bloomberg Europe’s manufacturing and service industries contracted at the slowest pace in nine months in June, adding to signs the recession is bottoming out.

ECB Actions Slow But Steady Published: 6/17/2009 2:28:39 PM By: Anna Fedec, contact@tradingeconomics.com Recently, the European Central Bank has been very active after being criticized for a long time for being too slow in implementing monetary policy measures to help the distressed European economy.

Euro Area Trade Surplus Rises in May Published: 6/17/2009 12:40:27 PM By: TradingEconomics.com, Eurostat The first estimate for the euro area (EA16) trade balance with the rest of the world in April 2009 gave a 2.7 bn euro surplus, compared with +2.2 bn in April 2008.

Euro-Area Inflation Rate Falls to Zero Published: 6/16/2009 8:33:54 AM By: Tradingeconomics.com, Bloomberg Europe’s inflation rate dropped to zero in May as energy costs retreated and the global economic slump forced companies to lower prices.

Europe Payrolls Shrink by Record 1.22 Million Published: 6/15/2009 9:59:14 AM By: Tradingeconomics.com, Bloomberg Europe’s economy lost a record 1.22 million jobs in the first quarter as companies cut spending to survive the worst global economic slump in more than six decades.

ECB Keeps Key Rate at Record-Low 1% Published: 6/4/2009 10:09:15 AM By: Tradingeconomics.com, Bloomberg The European Central Bank kept its benchmark interest rate at a record low of 1 percent today after first signs of an economic recovery emerged.

ECB Actions Slow But Steady Published: 6/2/2009 10:44:56 PM By: Anna Fedec, contact@tradingeconomics.com Recently, the European Central Bank has been very active after being criticized for a long time for being too slow in implementing monetary policy measures to help the distressed European economy. Last month, the institution reduced its main refinancing rate to 1%, introduced 12-month maturity repos, a debt purchase scheme and announced that the European Investment Bank is to become counterparty in its operations. And although it is likely that this Thursday the benchmark rate will remain unchanged, the bank is expected to bring more details of the covered bond purchase program.

Europe Unemployment Rate Rises to Highest Since 1999 Published: 6/2/2009 8:35:11 AM By: TradingEconomics.com, Eurostat Europe’s unemployment rate rose to the highest in almost 10 years in April as the worst global economic slump in more than six decades forced companies to cut jobs and spending.

The Worst is Not Yet Over for the European Economy Published: 5/29/2009 5:41:32 PM By: Anna Fedec, contact@tradingeconomics.com In the fist quarter of 2009 the Europe’s economy contracted at the fastest pace in at least 13 years. And although there are some signs that the second largest economy in the world is getting better, it will likely contract further during the next few months.

Euro-Area Inflation Rate Falls to Zero Published: 5/29/2009 8:58:59 AM By: TradingEconomics.com, Bloomberg The euro region’s inflation rate fell to zero for the first time in at least 13 years in May as energy costs retreated and the worst recession in more than six decades prompted companies to cut prices.

European Exports Rise 1.4% Published: 5/18/2009 8:50:46 AM By: TradingEconomics.com, Bloomberg Europe’s exports increased for a second month in March, adding to indications the worst economic slump in more than six decades is bottoming out.

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