| Click for the Finfacts Ireland Portal Homepage |

Finfacts Business News Centre

Home 
 
 News
 Irish
 Irish Economy
 EU Economy
 US Economy
 UK Economy
 Global Economy
 International
 Property
 Innovation
 
 Analysis/Comment
 
 Asia Economy

RSS FEED


How to use our RSS feed

Follow Finfacts on Twitter

 
Web Finfacts

See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when Interactive Tools upgraded to a new content management system.

Welcome

Finfacts is Ireland's leading business information site and you are in its business news section.

Links

Finfacts Homepage

Irish Share Prices

Euribor Daily Rates

Irish Economy

Global Income Per Capita

Global Cost of Living

Irish Tax - Income/Corporate

Global News

Bloomberg News

CNN Money

Cnet Tech News

Newspapers

Irish Independent

Irish Times

Irish Examiner

New York Times

Financial Times

Technology News

 

Feedback

 

Content Management by interactivetools.com.

News : EU Economy Last Updated: Aug 31, 2012 - 11:36 AM


Eurozone annual inflation rises to 2.6% in August; Unemployment rate was unchanged at 11.3% in July
By Finfacts Team
Aug 31, 2012 - 10:25 AM

Email this article
 Printer friendly page
The Eurozone (EA17) consists of Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Italy, Cyprus, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland.

The EU27 includes Belgium (BE), Bulgaria (BG), the Czech Republic (CZ), Denmark (DK), Germany (DE), Estonia (EE), Ireland (IE), Greece (EL), Spain (ES), France (FR), Italy (IT), Cyprus (CY), Latvia (LV), Lithuania (LT), Luxembourg (LU), Hungary (HU), Malta (MT), the Netherlands (NL), Austria (AT), Poland (PL), Portugal (PT), Romania (RO), Slovenia (SI), Slovakia (SK), Finland (FI), Sweden (SE) and the United Kingdom (UK).

Eurozone  (EA17) annual inflation is expected to be 2.6% in August 2012 according to a flash estimate issued by Eurostat, the statistics office of the European Union. It was 2.4% in July. The  Eurozone seasonally-adjusted unemployment rate was 11.3% in July 2012, stable compared with June. It was 10.1% in July 2011. The EU27 unemployment rate was 10.4% in July 2012, also stable compared with June. It was 9.6% in July 2011.

Eurostat estimates that 25.25m men and women in the EU27, of whom 18.00m were in the  Eurozone, were unemployed in July 2012. Compared with June 2012, the number of persons unemployed increased by 43,000 in the EU27 and by 88,000 in the  Eurozone. Compared with July 2011, unemployment rose by 2.104m in the EU27 and by 2.051m in the  Eurozone.

Among the member states, the lowest unemployment rates were recorded in Austria (4.5%), the Netherlands (5.3%), Germany and Luxembourg (both 5.5%), and the highest in Spain (25.1%) and Greece (23.1% in May 2012).

Compared with a year ago, the unemployment rate fell in ten member states, increased in sixteen and remained stable in Slovenia. The largest falls were observed in Estonia (13.2% to 10.1% between the second quarters of 2011 and 2012), Lithuania (15.2% to 13.0%) and Latvia (17.0% to 15.9% between the second quarters of 2011 and 2012). The highest increases were registered in Greece (16.8% to 23.1% between May 2011 and May 2012), Spain (21.7% to 25.1%) and Cyprus (7.7% to 10.9%).

Between July 2011 and July 2012, the unemployment rate for males increased from 9.8% to 11.3% in the  Eurozone and from 9.5% to 10.5% in the EU27. The female unemployment rate rose from 10.4% to 11.4% in the  Eurozone and from 9.8% to 10.4% in the EU27.

In July 2012, 5.47m young persons (under 25) were unemployed in the EU27, of whom 3.388m were in the  Eurozone. Compared with July 2011, youth unemployment rose by 182 000 in the EU27 and by 204 000 in the  Eurozone. In July 2012, the youth unemployment rate was 22.5% in the EU27 and 22.6% in the  Eurozone. In July 2011, it was 21.3% and 20.7% respectively. In July 2012 the lowest rates were observed in Germany (8.0%), Austria (8.9%) and the Netherlands (9.2%), and the highest in Greece (53.8% in May 2012) and Spain (52.9%). In July 2012, the unemployment rate was 8.3% in the USA. In June 2012, the unemployment rate was 4.3% in Japan.

Check out our new subscription service, Finfacts Premium , at a low annual charge of €25 - - if you are a regular user of Finfacts, 50 euro cent a week is hardly a huge ask to support the service.

It's a simple fact that in the prevailing economic climate, the provision of high quality content cannot be sustained through advertising alone. 

Business executives who put a premium on time and value high quality information, should use our service.

Related Articles
403 Forbidden

Forbidden

Execute access is denied.


© Copyright 2011 by Finfacts.com

Top of Page

EU Economy
Latest Headlines
Investor sentiment in Germany rose sharply in December
Eurozone business activity grew at a slightly faster rate in December
ECB hopes SME firms will gain from Thursday's refinancing operations
Ifo Institute says German economy to gain impetus in 2015
German per capita standard of living highest in Europe; Ireland below EU average
Youth unemployment problem in Eurozone pre-dated crisis
German imports fell sharply in October; Exports at monthly record high
German jobs rise all in full-time employment unlike in UK, Ireland
ECB to consider QE in January; Cuts forecasts
ECB and Bank of England keep rates at record lows
ECB Meeting: Draghi may reaffirm plans for QE or fudge it
Eurozone retail sales volume up in October - remains at 2004 level
German manufacturing wages are the highest of big industrial nations
Germany, France and Italy call for EU directive on tax reform
Manufacturing PMI surveys show Germany, France & Italy contracted in November
Eurozone inflation fell to 0.3% in November; Jobless rate in Germany lowest in Europe in October
German consumer climate improving as year draws to close
France's 10-year bond yield below 1% for first time; Draghi pushes for economic union
German employment at record high
Eurozone leading index fell in October; ECB to decide on QE early in new year
European Commission announces €315bn Investment Plan to get Europe growing
German Bundesbank calls for end to special treatment for sovereign bonds
Lux Leaks: European Commission facing censure motion in European Parliament
Euro bond yields fall to new record lows; Spain below 2%; Ireland at new record
German business climate improves for first time since April
British professor wants ECB to give every adult Eurozone citizen €500
Strong data from US this week and weak data elsewhere
Eurozone manufacturing/ services slowed to a 16-month low in November
European cars sales up in October for fourteenth consecutive month
German ZEW sentiment indicator jumps in November
Belgium accuses HSBC Private Bank of money laundering/ tax evasion
GDP up by 0.2% in Eurozone in Q3 2014 and up by 0.3% in EU28
German GDP up 0.1% in third quarter of 2014; France up 0.3%
European Commission expected to say Starbucks got special tax deal from Netherlands - Update
Juncker on Corporate Tax: Poacher-turned-gamekeeper proposes new rules
Eurozone industrial production in September recovers slightly from August slump
Architect of tax "racket" to commit EU to fight against tax fraud
German GDP growth will be below 1% in 2015; Former East still lags
Ireland accounted for 25% of ECB's emergency lending by time of 2010 bailout
Luxembourg Leaks: Irish Government's guff on tax system exposed; "Racket" needs to stop