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Eurozone Current Account surplus at €25.4 billion

The current account of the euro area recorded a surplus of €25.4 billion in January 2016. Analysts were predicting surplus of €26.3 billion. This reflected surpluses for goods (€27.6 billion), primary income (€4.7 billion) and services (€3.6 billion), which were partly offset by a deficit in secondary income (€10.5 billion).
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Euro area inflation at -0.2%

Euro area annual inflation was -0.2% in February 2016, down from 0.3% in January 2016. In February 2015 the rate was -0.3%. European Union annual inflation was also -0.2% in February 2016, down from 0.3% in January. A year earlier the rate was -0.3%.
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Employment up by 0.3% in euro area

The number of persons employed increased by 0.3% in the euro area (EA19) and by 0.1% in the EU28 in the fourth quarter of 2015 compared with the previous quarter, according to national accounts estimates published by Eurostat, the statistical office of the European Union. In the third quarter of 2015, employment increased by 0.3% in both zones.  Read more...

Eurozone Industrial Production increased more than expected

In January 2016 compared with December 2015, seasonally adjusted industrial production rose by 2.1% in the euro area (EA19), beating forecasts on 1.7% incline, and by 1.7% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In December 2015 industrial production fell by 0.5% in the euro area and by 0.6 in the EU28. In January 2016 compared with January 2015, industrial production increased by 2.8% in the euro area and by 2.5% in the EU28.  Read more...

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