Apr 30, 2008
inflation
Inflation decelerated more than expected in April in the euro zone, according to preliminary data released by Eurostat, but the economic sentiment has deteriorated faster than expected, which is in line with a weaker economic growth.
The rate of inflation in the euro zone was reduced to 3.3% in April to an annual rate, after rising by 3.6% in March, according to Eurostat's flash estimate.
It focuses only on the evolution annualised rate and the European body of statistics does not provide detailed estimates.
Economists were expecting an inflation rate higher by 3.4% for the month of April on annual basis.
"The decline in inflation in April should not lead the European Central Bank to lower significantly its guard on this front for the moment," commented Howard Archer, chief economist at Global Insight, noting that inflation remains well above the 2% ceiling set by the ECB.
"The bad news is the overall economic sentiment which has touched a low of 32 months in April," he stressed, "indicating that the euro area economy is increasingly affected by the tightening credit conditions and volatility in financial markets. "
The European Commission Wednesday published its monthly surveys on business climate and economic sentiment are marked in April by a deterioration stronger than expected.
The economic sentiment index fell to 97.1 in April after 99.6 in March, while economists were expecting, on average, an index to 99.0.
The index of business climate - to 0.44 for the month of April after 0.79 (revised 0.80) in March and while economists were expecting 0.70 - comes about him at its most low since January 2006, there are more than two years.
According to data published elsewhere by the European Commission, the retail price of a basket of foodstuffs reference rose in the euro zone in recent months faster than the prices of raw materials corresponding food.
The price of the basket - including bread and cereals, meat, oils and fats, milk and dairy products - a augmeté 7% during the twelve months to end February 2008, a figure compared to a 5% increase estimated on the basis Commodities correspondent.
by erectusplus at 8:08 AM |
1 Comments:
One thing to remember with paid business surveys is that they are also localized to particular regions around the world. Sure, you can participate in worldwide surveys and should but you can also complete surveys dedicated to your country
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