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Euro Area MFI Interest Rate Statistics in March 2008

added: 09-05-2008

In March 2008 developments in euro area average MFI interest rates on new deposits and new loans were mixed.

Fitch: ECB Lending Still Providing Liquidity Not Structural Funding

added: 09-05-2008

Fitch Ratings says in a report that European Central Bank (ECB) lending is continuing to facilitate liquidity in financial markets as intended, rather than providing structural funding for European banks' core businesses. The agency's findings run counter to some media reports and views that European banks are increasingly using ECB lending facilities to meet core funding needs.

European Business Statistics 2005

added: 08-05-2008

In 2005, the total number of enterprises in the EU27 non-financial business economy was almost 20 million. In total, these enterprises generated 5 400 billion euro in value added and employed 127 million persons. Three sectors together accounted for more than half of the total number of enterprises: retail trade (3.8 million or 19%), other business activities (3.7 million or 19%) and construction (2.8 million or 14%).

EU27 Spent 27.2% of GDP on Social Protection in 2005

added: 08-05-2008

In the EU27, social protection expenditure accounted for 27.2% of GDP in 2005. In the EU25 this ratio was 27.4% in 2005, compared with 27.3% in 2004 and 27.4% in 2003.

Trade and Economic Relations with the Countries of South East Asia

added: 08-05-2008

The EP is in favour of concluding a free-trade accord between the EU and the 10 countries of the Association of South-East Asian Nations (ASEAN). However, say MEPs in the committee, the agreement must meet certain conditions regarding sustainable development, the fight against fraud and respect for human rights.

Consumer Revolution Underway in China

added: 08-05-2008

GfK Custom Research North America and sister company GfK Custom Research China announced highlights of a recent global study indicating a mindset revolution is currently underway among Chinese consumers. The results suggest that this shift, led by the country's growing middle class, is altering purchase behavior in China.

Commission Assesses Readiness Of 10 EU Countries To Adopt The Euro

added: 08-05-2008

The European Commission concluded that Slovakia meets the criteria for adopting the euro and made a proposal to the Council to this effect. The regular Convergence Report on euro readiness, adopted by the Commission, shows that the other nine countries with a so-called 'derogation' have made progress on the road to the single currency, but do not yet meet all the conditions for euro adoption.

Soft Existing-Home Sales Expected Near-Term But to Rise Midsummer

added: 08-05-2008

A flat pattern in home sales activity should continue for the next couple months before improving over the summer, according to the latest forecast by the National Association of Realtors(R).

US: Productivity and Costs in the First Quarter 2008

added: 08-05-2008

The Bureau of Labor Statistics of the U.S.Department of Labor reported preliminary productivity data - as measured by output per hour of all persons - for the first quarter of 2008.

Oil Prices Will Average $US110 a Barrel?

added: 08-05-2008

In the US inflation is making a return to the centre of the economic debate as the credit crunch turmoil eases and the battered US economy staggers on. The Fed made sure the market realised inflation was still a concern in its statement after the April 30 meeting when it cut its key interest rate by 0.25 to 2%.

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