Economics
Eurostat: Government deficit at 3.2% of GDP in the euro area and at 3.0% in the EU
The EU creating its own recession through austerity Read HERE
Eurostat
Climate Crisis
Eurostat: EU coal production and consumption up in 2022
In 2022, EU coal production and consumption continued to increase, reaching 349 million tonnes (+5% compared with the previous year) and 454 million tonnes (+2%), respectively. This rebound started in 2021 and was mainly driven […]
Economics
Eurostat: March Industrial production down by 1.4% in the euro area and by 1.3% in the EU compared with March 2022
EU industrial production continues to stagnate: In March 2023, the seasonally adjusted industrial production decreased by 4.1% in the euro area and by 3.6% in the EU, compared with February 2023, according to estimates from […]
Economics
Eurostat: Seasonally adjusted government deficit at 4.7% of GDP in the euro area and 4.5% of GDP in the EU
Governments trying to stave off recession by increasing their spending. Germany will not be pleased. Read HERE
Economics
Destatis: Euroarea Industrial production stagnant for the past 14 months
The press releases at Eurostat always try to put a positive spin on its articles. This one is no different, but if you look closer – see chart below – you will see that since […]
Economics
Eurostat: EU crude oil imports and prices – changes in 2022
Russia’s invasion of Ukraine in February 2022 had a significant impact on the import of crude oil into the EU, which fell to 4% of total crude imports by December. Read HERE
Economics
Eurostat: Annual EU inflation at 9.9% in February
The annual inflation rate in the EU dropped 0.1% to 9.9%. Eleven EU nations still have an inflation rate in double digits. Read Here
Economics
Eurostat: Industrial Production down by 1.7% in the euro area and by 0.4% in the EU compared with December 2021
Among Member States for which data are available, the largest monthly decreases were registered inIreland (–8.5%), Luxembourg (–5.2%) and Lithuania (–4.0%). The highest increases were observed inDenmark (+13.5%), Portugal (+4.1%) and Hungary (+3.8%) Read HERE
Economics
Eurostat – Volume of retail trade down by 2.8% in the euroarea and by 2.5% in the EU yoy
This is looking ever more like a recession. Read Here
Finance
Eurostat: Contingent liabilities and non-performing loans in 2021
In 2020 and 2021, government guarantees provided to third parties in the EU increased notably, following the onset of the COVID-19 pandemic – especially in Germany. Read Here