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Euro Area Unemployment Rate at 12.1% - March 2013

added: 13-05-2013

The euro area (EA17) seasonally-adjusted unemployment rate was 12.1% in March 2013, up from 12.0% in February. The EU27 unemployment rate was 10.9%, stable compared with February. In both zones, rates have risen markedly compared with March 2012, when they were 11.0% and 10.3% respectively. These figures are published by Eurostat, the statistical office of the European Union.

Business Investment Rate Down to 19.7% in the Euro Area and to 19.6% in the EU27

added: 13-05-2013

In the fourth quarter of 2012, the business investment rate was 19.7% in the euro area, compared with 20.0% in the third quarter of 2012. This fall was the result of investment decreasing (-1.7%) at a higher pace than gross value added (-0.4%). Total stocks (materials, supplies and finished goods) fell for the fifth quarter in a row. In the EU27 the investment rate was 19.6% in the fourth quarter compared with 19.7% in the previous quarter.

Labour Taxes Remain Major Source of Tax Revenue

added: 07-05-2013

The overall tax-to-GDP ratio, meaning the sum of taxes and social contributions in % of GDP, in the EU27 stood at 38.8% in 2011, from 38.3% in 2010 and 38.4% in 2009. The overall tax ratio in the euro area (EA17) increased to 39.5% in 2011, up from 39.0% in 2010 and 39.1% in 2009.

Household Saving Rate Down to 12.2% in the Euro Area and to 10.7% in the EU27

added: 07-05-2013

In the fourth quarter of 2012, the household saving rate in the euro area was 12.2%, compared with 12.8% in the third quarter of 2012. In the EU27, the household saving rate was 10.7%, compared with 11.0% in the previous quarter.

Share of Renewable Energy up to 13% of Energy Consumption in the EU27 in 2011

added: 07-05-2013

In 2011, energy from renewable sources was estimated to have contributed 13.0% of gross final energy consumption in the EU27, compared with 7.9% in 2004 and 12.1% in 2010. The share of renewables in gross final energy consumption is one of the headline indicators of the Europe 2020 strategy. The target for the EU27 to be reached by 2020 is a share of 20% renewable energy use in gross final energy consumption. The national targets take into account the Member States' different starting points, renewable energy potential and economic
performance.

Euro Area and EU27 Government Deficit at 3.7% and 4.0% of GDP Respectively

added: 07-05-2013

In 2012, the government deficit of both the euro area (EA17) and the EU27 decreased in absolute terms compared with 2011, while the government debt rose in both zones. In the euro area the government deficit to GDP ratio decreased from 4.2% in 20113 to 3.7% in 2012, and in the EU27 from 4.4% to 4.0%. In the euro area the government debt to GDP ratio increased from 87.3% at the end of 2011 to 90.6% at the end of 2012, and in the EU27 from 82.5% to 85.3%.

Proportion of Underemployed Part-Time Workers up to 21.4% in the EU27 in 2012

added: 24-04-2013

Among the 43 million part-time workers in the EU27 in 2012, 9.2 million wished to work more hours, were available to do so and can therefore be considered to be underemployed. Since the start of the economic crisis the proportion of part-time workers wishing to work more hours and available to do so has grown steadily, from 18.5% in 2008 to 20.5% in 2011 and 21.4% in 2012.

Euro Area and EU27 Government Deficit at 3.7% and 4.0% of GDP Respectively

added: 24-04-2013

In 2012, the government deficit of both the euro area (EA17) and the EU27 decreased in absolute terms compared with 2011, while the government debt rose in both zones. In the euro area the government deficit to GDP ratio decreased from 4.2% in 2011 to 3.7% in 2012, and in the EU27 from 4.4% to 4.0%. In the euro area the government debt to GDP ratio increased from 87.3% at the end of 2011 to 90.6% at the end of 2012, and in the EU27 from 82.5% to 85.3%.

EU27 Current Account Surplus 31.4 bn Euro - Second Estimate for the Fourth Quarter of 2012

added: 22-04-2013

The EU27 external current account recorded a surplus of 31.4 billion euro (0.9% of GDP) in the fourth quarter of 2012, compared with a surplus of 21.8 bn (0.7% of GDP) in the fourth quarter of 2011, according to a second estimate released by Eurostat, the statistical office of the European Union.

Euro Area Production in Construction Down by 0.8% - February 2013

added: 22-04-2013

In the construction sector, seasonally adjusted production fell by 0.8% in the euro area (EA17) and by 0.4% in the EU27 in February 2013, compared with the previous month, according to first estimates released by Eurostat, the statistical office of the European Union. In January 2013, production declined by 2.1% in the euro area and by 1.7% in the EU27.

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