Inflation Down By 0.1% In Europe

Consumer inflation fell in both areas of the EU in November according to a statistical bulletin from Eurostat. Inflation in the euro area fell by 0.1% from 0.4% in October to 0.3% in November 2014. In the EU28 similarly the rate of inflation fell from 0.5% in October to 0.4% in November.

There were negative annual rates in Bulgaria, Greece, Spain and Poland with Bulgaria showing a rate of -1.9%. The highest rates were in Romania and Austria with annual rates of 1.5% and Finland on 1.1%.

Euro Inflation Down To 0.3%

Euro area annual inflation was 0.3% in September 2014, the lowest rate since October 2009 according to Eurostat. In August the rate was 0.4%. In September 2013 the rate was 1.1%. The monthly inflation rate in September 2014 was 0.4%.

In The European Union as a whole annual inflation was 0.4% in September 2014 down from 0.5% in August. It is the lowest rate since September 2009. In September 2013 the rate was 1.3%. The monthly rate in September 2014 was 0.3%.

High negative inflation growth was reported in Bulgaria (-1.4%) and Greece (-1.1%) and high annual rates were reported in Romania (1.8%), Finland (1.5%) and Austria (1.4%).

Industrial Production Is Down 0.4% In Europe

Industrial production fell in both the euro area and the EU27 in January by 0.4% in both zones. In December they both grew.

Durable consumer goods production fell by 1.4% in the euro area and by 0.4% in the EU27 in January 2013 compared with December 2012. Non-durables invcreased by 0.9% and 1.3% respectively. Capital goods fell by 1.2% in both zones. Intermediate goods production grew by 0.1% in the euro area but fell by 0.1% in the EU27. Energy production decreased by 1% in the euro area and by 1.2% in the EU27.

The data available tells us that in Jnuary compared with December industrial production rose in nine countries and fell in nine. The highest increases were in Lithuania and Denmark and the largest decreases were in Finland and Luxembourg.

The annual comparison shows that production of durables fell by 5.5% in the euro area and 4.3% in the EU27. Production of non-durables increased by 3.1% and 2.2% respectively. Capital goods fell by 2.6% in both zones and energy production increased by 0.9% in the euro area and remained stable in the EU27. Intermediate goods production fell by 3.1% and 3.4% respectively.

The largest increases over the year were in Bulgaria and Lithuania and the decreases were in Sweden and Finland. There were increases in seven countries and decreases in eleven.

Increases In Retail Trade On Europe's High Streets

The volume of retail trade rose by 1.2% in the euro area and by 0.9% in the EU27 in January compared with December according to data from Eurostat. In December trade had fallen by 0.8% and 0.7% respectively. The annual comparison shows that sales fell by 1.3% in the euro area and by 0.9% in the EU27 in January 2013 compared with January 2012.

The monthly comparison shows that the countries with the greatest increases in January were Portugal and Romania with 4.2% with the largest decreases in Denmark (-2%), Malta (1.6%) and Finland (-1.2%). The annual comparison shows that the largest increases were in Belgium (8.4%) and Luxembourg (7.1%) and the biggest decreases were in Slovenia (-7.6%), Bulgaria (-5.5%) and Portugal (-3.9%).

Industrial Prices Fall In December But Increase Over The Year

The industrial producer price index published by Eurostat fell by 0.2% in both the euro area and the EU27 in December compared with November 2012. The index increased 2.1% in the euro area and 1.9% in the EU27 using the annual comparison for December. The average industrial producer price index for the whole of 2012 compared with 2011 increased by 2.6% in the euro area and 2.7% in the EU27.

Total industry prices excluding energy were stable in both zones in December. Capital goods and intermediate goods remained stable. Durable consumer goods decreased by 0.1% in both zones and non-durable goods increased by 0.1% in both zones.

Prices fell in most Member States for which data was available except Belgium and Sweden (+1.2%) and Finland (+0.2%). Bulgaria, Denmark, Cyprus and Austria recorded the largest decreases over the month. Over the year, total industry prices, excluding energy, increased by 1.6% in both zones.

GDP Per Capita Ranged From 45% To 274% In EU In 2011

GDP per capita estimates expressed in Purchasing Power Standards (PPS) in the EU in 2011 ranged from 45% in Bulgaria to 274% in Luxembourg, more than two and a half times the EU27 average according to Eurostat. The euro area GDP per capita was 108% of the EU27 average as was the UK. Germany was 120%, France 107% and Italy 101%.

Retail Volumes Increase Across Europe

The volume of retail trade has increased by 0.3% in the euro area during March compared with February and by 0.7% in the EU27. In Bulgaria sales increased by 3.9% and in Poland by 2.6%. In western Europe sales laos incresaed in Austria and the UK both by 1.9%. Retail trade decreased in Portugal (-2.2%) and Estonia (-2%) and Slovenia -1.4%). The changes in both areas were mainly due to fluctuations in the non-food products sectors. Over the year from March 2011 to March 2012 retail sales fell by 0.2% in the euro area but grew in the EU27 by 1%. The biggest increases were in Latvia (10%), Estonia (9.3%) and Luxembourg (7.2%) andf the biggest decreases were in Portugal (-5%), Spain (-3.9%) and Malta (-2.7%). The changes were due to a fall of 0.3% in sales in the food, drinks and tobacco sector in the euro area and increases of 0.3% in the euro area and 2.2% in the EU27 in the non-food sector.

Poverty And Social Exclusion In Europe

Eurostat has released details of a new publication 'Income and living conditions in Europe' issued in connection with the closing conference of the European Year for Combating Poverty and Social Exclusion due to take place 16-17 December 2010. It is based on data from the EU-SILC survey.

One of the key targets of the Europe 2020 strategy is to lift at least 20m people in the EU27 out of the risk of poverty or social exclusion. Progress towards this is measured using a combination of three measures: persons at risk of poverty; severely materially deprived persons and persons living in households with very low work intensity. In 2008 nearly 116m people in the EU27 were affected by at least one of the three criteria of social exclusion and nearly 7m fall under all three criteria.

In the EU27 16.5% of the population, a total of 81m people, were at risk of poverty after social transfers. The country with the highest percentage of the total population in this category was Latvia (25.6%), the lowest percentage was in the Czech Republic (9%). In the UK 18.8% of the population or 11.4m people fell into this category.

Bulgaria (41.2%) had the highest percentage of severely materially deprived persons and lowest percentage was in Luxembourg (0.7%). In the EU27 8.5% of the population or 41.5m people fell into this category. The UK figure was 4.5% or 2.7m people.

Ireland (13.6%) had the highest percentage of people living in households with very low work intensity. The lowest percentage was in Cyprus (4.1%). In the UK 4.8m people, 10.2% of the population, were in this category. The EU27 percentage was 9%. The total number of people in this category in the EU27 was 34.2m.

Volume Of Retail Trade In Europe

The volume of retail trade in May compared to April 2010 increased by 0.2% in the euro area and 0.4% in the EU27. The May 2010 on May 2009 volume increased by 0.3% and 0.5% respectively.

In May 2010 compared to April 2010, food, drink and tobacco went up 0.2% in the euro area and 0.3% in EU27, non-food increased 0.4% and 0.5% respectively. The greatest increases were in Denmark, Poland and Estonia and the greatest decreases in Malta and Portugal.

Over the year from May 2009 to May 2010 food, drnk and tobacco increrased 0.3% in the euro area and 0.2% in the EU27 and non-food 1% and 1.9% respectively. The highest increases were in France, Sweden and UK and the greatest decreases were in Lithuania, Bulagaria and Latvia.

Wide Range In EU27 per capita GDP PPS

The latest preliminary estimates for per capita GDP in Purchasing Power Standards (PPS) terms from Eurostat for the EU27 varied from 41% in Bulgaria to 268% in Luxembourg of the EU27 average (100).

2.1% Rise In Euro Labour Costs

Euro area hourly labour costs rose by 2.1% in the year to Q1 2010. In the EU27 the rise was 2.2%. Wages and salaries per hour grew by 2% and the non-wage component by 2.1%. In the EU27 wages and salaries rose by 2.3% and the non-wage component by 1.9%. Statistics from Eurostat Labour Cost Index (LCI) euroindicators.

In the euro area, labour costs per hour in industry increase was 1.8%, in construction 2.1% and in services 2.2% in the year to Q1 2010. In the EU27 labour costs per hour grew by 1.8% in industry, 1.4% in construction and 2.5% in services.

The highest annual increases were in Bulgaria (10.5%) and Romania (7.4%). The highest decreases were in Lithuania (-11%), Latvia (-7.2%), Estonia (5.5%) and the Czech Republic (-3.1%).

Production In Europe Increased In April

Indicators from Eurostat tell us that in April 2010 industrial production in the euro area was up by 0.8% and by 0.5% in the EU27 compared with March 2010. Other monthly comparisons include the production of capital goods which increased by 1.1% in the euro area and 0.7% in the EU27. Durable consumer goods fell by 0.1% in the euro area but increased by 0.4% in the EU27. Non-durables fell by 1.2% and 1.6%. Intermediate goods grew by 2.2% and 2.7% respectively but energy fell by 0.9% and 0.2%. Industrial production rose in 12 and fell in 9 of the countries for which data is available. The highest increases were in Lithuania with 6%, Estonia 2.4% and Denmark with 2.2%. Ireland registered the biggest decrease with 10.9%, Portugal's production fell by 4.4% and Greece by 3.4%.

Annual comparisons suggest that in April 2010 compared with April 2009 industrial production increased by 9.5% in the euro area and 7.8% in the EU27. Intermediate goods made the biggest contribution with growth of 16% in the euro area and 14.1% in the EU27. Capital goods increased by 8.9% in the euro area and 7.9% in the EU27. Energy production rose by 6.9% and 5% respectively. Production of non-durable consumer goods went up by 3% in the euro area and 1.1% in the EU27 and of durables by 1.4% and 4.1% respectively. On a national level industrial production rose in 18 of the member states for which data is available. The highest increases were in Estonia (18.3%), the Netherlands (14.7%) and Germany (13.9%). The only states in which industrial production fell were Greece (-6.4%), Ireland (-2.8%) and Bulgaria (-2.6%).

Ageing In The European Union

Ageing in the context of EU statistics is the increase over time of the percentage share of the over 65 age group in the total population of a given area. It is increasing in the EU because of two factors. The first is that the number of people over 65 is growing and the second is because the number of children in age group 0-14 year is getting smaller. This is a general picture though and there are considerable variations in the types of area and NUTS3 areas.

The release from Eurostat tells us that rural areas are losing their young people faster than urban areas. It presents the populaton changes in 1158 NUTS3 areas of 26 member states (not UK) between 2001-2006. It takes the level of rurality of NUTS3 into account for three age groups - 0-14, 15-64, 65 and over. The changes mean variations in the population's composition.

The total population of EU27 has increased by 1.9% or 8,217,047 people with an increase of 9,708,045 people in the EU15 offset by a decrease in the new member states of 1,490,998 people or -1.4%. The 0-14 age group has decreased by 4.4%, the 15-64 age group increased by 1.9% and the over 65s by 8.9% or 5,961,157 people. A contrast can be seen between the 'old' and 'new' member states. In the new member states the 0-14 age group shrank by 14% and the over 65s increased by 5.3%. The over 65s in the EU15 increeased by 9.8%.

The types of area (TOA) analysis also show remarkable results. Ageing continues at a more pronounced rate in predominantly urban areas (46%), except in Spain and remained the same in Ireland and Sweden. Only 16.5% of the increase can be attributed to rural areas in EU27 where 21.4% of the population live. The combined effect of the two factors influencing population change mean that Germany, Greece and Latvia show a rapidly ageing population while France, Spain, Portugal and Italy, where over 20% of the population in rural areas is over 65, show smaller and even negative growth. In Bulgaria there has been a 5% population loss overall with a 10% loss in predominantly rural areas. It is also significant that in there areas the percentage of children fell by up to 17%. Also in Bulgaria where the number of over 65s fell by 4% they were not replaced by numbers from the working population.

The highest population gains at NUTS3 level were in Spain and Ireland with Guadalajara in Spain, an intermediate area, gaining 24.5% in population. At the other extreme Bulgaria and Germany decreased the most in population. The population of Kardzhali in Bulgaria, a predominantly rural area, decreased by 21%. The German areas were exclusively in the former East Germany. Barnim in Germany, an intermediate area, saw the highest increase in people aged 65 and over with an increase of 33.3% with Neubrandenburg on 33.2% and Potsdam on 32.9%. Vratsa, a predominantly rural area in Bulgaria, saw an decrease of 15.9% in the same age group. The highest increase in the over 65 age group was in Germany and the growth was not limited to the east but covered large areas of the west as well.

There were contrasts between east and west Germany and between north and south Italy. Only Berlin in eastern Germany grew in population size. Areas of northern Italy grew while the population of the south of Italy decreased.

Retail Volumes Fall By 1.2% In Europe

The volume of retail trade in both the euro area and the EU27 decreased by 1.2% in April 2010 compared with March 2010. The retail sales index for April 2010 compared with April 2009 was 1.5% in the euro area and 1.6% in the EU27.

The food sector in the euro area fell by 1.1% and 1.4% in the EU27 over the month to April 2010 and the non-food sector by 1.1% and 1.2% respectively. Total retail trade fell in 14 countries and rose in 5 given the data available. The biggest falls were in Poland -8.7%, Denmark -8.6%, Slovakia -3.6% and Spain -2.1%. The highest risers were Belgium with 1.8% and Germany with 1%.

Over the last year from April 2009 to April 2010 the food sector fell by 1.8% in the euro area and 2.7% in the EU27 and non-food fell by 1.1% in the euro area but rose slightly by 0.1% in the EU27. Given the national data available, among the member states, the index fell in 15 countries and rose in 4. Bulgaria and Lithuania both fell 11.7%, Denmark -8.3% and Latvia fell 7.7%. Malta's index rose by 8.7% and Belgium's by 0.7%. Statistics from Eurostat.