Haver Analytics
Haver Analytics
    See all

    Economy in Brief: 2008

    Jump to:
    • Global| Mar 04 2008

      EMU GDP Growth Decelerates


      EMU GDP rose at an annual rate of 1.5% in Q4 bringing its year/year growth down to 2.2% from 2.6% in 2007-Q3. Private consumption spending fell by 0.3% at an annual rate. Domestic demand in total was flat in the quarter and is rising at a 1.9% annual rate over four quarters. Export growth slowed sharply in the quarter and is showing a decline in its year-over-year rate. Imports fell in Q4 and their growth also has been moderating in 2007. Euro growth shows broad based slowing, but growth that is still holding up. Private consumption is weak and that remains a sticking point within the EMU.

      European GDP EU-13
       GDPConsumptionCapital FormationTradeDomestic
      Demand
      PrivatePublicTotalExcl
      Housing      		HousingX-M:
      Bil Euros      		ExportsImports
      % Change Q/Q; X-M is Q/Q Change in Bil of Euros
      Q4-071.5%-0.3%-0.3%1.0%#N/A#N/A#N/A2.2%-1.5%0.0%
      Q3-073.0%2.0%2.7%8.7%10.4%3.3%-2.38.6%10.3%3.6%
      Q2-071.1%2.5%0.7%-5.6%-5.7%-5.5%5.03.2%1.2%0.3%
      Q1-073.2%0.2%4.4%14.2%16.6%7.1%-2.73.7%5.7%4.0%
      % Change Yr/Yr; X-M is Yr/Yr Change in Gap in Bil of Euros
      Q4-072.2%1.1%1.8%4.3%#N/A#N/A#N/A4.4%3.8%1.9%
      Q3-072.6%1.6%2.2%3.3%3.7%2.1%11.07.1%5.9%2.1%
      Q2-072.4%1.6%2.1%3.1%3.4%2.4%8.85.8%5.0%2.0%
      Q1-073.1%1.4%2.2%7.5%7.8%6.6%6.66.6%6.0%2.9%
      5-Yrs2.0%1.5%1.7%3.8%#N/A#N/Ana5.4%5.5%2.0%

      by:Robert Brusca

      |in:Economy in Brief

    • Global| Mar 04 2008

      Euro Area Producer Prices Surge in January; Core Elevates Too


      The Euro Area PPI rose by 0.8% in January. Excluding energy, prices rose by 0.6%. Headline inflation is accelerating. Ex-energy inflation is stubborn just above the 3% mark. Among the major three categories, inflation is subdued only for capital equipment, rising at a pace of 1.3% year-over-year. Consumer goods inflation is oscillating in the 4% to 5% range over the past year. Intermediate goods prices have been above the 2% mark in recent months. Across the largest EMU economies ex-energy inflation is tame only for Germany. For France and Italy ex-energy inflation is around 3%. In the UK ex-energy inflation is 3.9% and accelerating to over 5% over three months.

      Euro Area and UK PPI Trends
       M/MSAAR
      Euro Area 15Jan-08Dec-073-Mo6-MOYr/YrY/Y Yr Ago
      Total PPI ex Construction0.8%0.1%7.4%6.0%4.9%3.1%
      Excl Energy0.6%0.1%3.1%3.3%3.3%3.5%
      Capital Goods0.3%0.1%1.6%1.4%1.3%2.0%
      Consumer Goods0.5%0.3%4.8%5.6%4.2%1.5%
      Intermediate & Capital Goods0.7%0.0%2.3%2.1%2.8%4.5%
      Energy1.4%0.2%21.9%15.6%10.6%1.6%
      MFG0.5%0.1%5.2%4.7%5.1%2.4%
      Germany PPI0.8%-0.1%6.5%4.6%3.3%3.2%
      Ex Energy0.4%0.0%1.4%2.2%2.5%2.9%
      France PPI0.5%0.1%5.7%5.3%4.9%1.8%
      Ex Energy0.4%0.2%2.9%3.3%3.0%2.8%
      Italy PPI0.4%0.1%6.7%5.9%5.2%4.0%
      Ex Energy0.5%0.0%2.8%2.8%3.0%4.4%
      UK PPI1.3%1.3%24.8%18.7%7.9%-1.4%
      Ex Energy1.0%0.3%5.7%4.6%3.9%3.2%
      Euro Area 15 Harmonized PPI excluding Construction
      The EA 15 countries are Austria, Belgium, Cyprus, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, Netherlands, Portugal, Slovenia and Spain.

      by:Robert Brusca

      |in:Economy in Brief

    • Global| Mar 04 2008

      Slovakia and Romania Report Increases in Q4, 2007 GDP

      Contrary to the slowdowns taking place in the United States and Western Europe both Slovakia and Romania reported increases in economic activity in the last quarter of 2007. Slovakia reported a resounding increase of 14.26% and [...]

      by:Louise Curley

      |in:Economy in Brief

    • Global| Mar 04 2008

      U.S. Chain Store Sales Down Last Week, Up Last Month

      The International Council of Shopping Centers ICSC-UBS Chain Store survey indicated that chain store sales fell 0.6% last week. The decline finished a four week period during which sales moved sideways. However, due to a firm 1.7% [...]

      by:Tom Moeller

      |in:Economy in Brief

    • Global| Mar 04 2008

      U.S. Vehicle Sales in February Remained Low, Gasoline Price Up

      With just a 0.3% m/m uptick, the increase in U.S. sales of light vehicles last month did little to recover a 5.4% January drop. At a 15.38M unit annual selling rate, sales remained quite low. According to the Autodata Corporation [...]

      by:Tom Moeller

      |in:Economy in Brief

    • Global| Mar 04 2008

      U.S. Vehicle Sales in FebruaryRemained Low, Gasoline Price Up

      With just a 0.3% m/m uptick, the increase in U.S. sales of light vehicles last month did little to recover a 5.4% January drop. At a 15.38M unit annual selling rate, sales remained quite low. According to the Autodata Corporation [...]

      by:Tom Moeller

      |in:Economy in Brief

    • Global| Mar 03 2008

      UK MFG Sector Makes a Small Bounce

      The UK MFG sector rebounded slightly in February although it remains a weak reading for the sector at 52.26. Readings above 50 indicated expansion on this measure. The MFG measure stands in the 61st percentile of its range, a [...]

      by:Robert Brusca

      |in:Economy in Brief

    • Global| Mar 03 2008

      Inflation Continues to be too Strong in EMU in February

      The new FLASH estimate of EMU inflation stands at 3.2% year/year in February 2008 the same pace as in January. Germany's own headline rate rose by 0.2% in February and that is the rate implied by the new 3.2% for all of EMU (no [...]

      by:Robert Brusca

      |in:Economy in Brief