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À partir d’avant-hierEurostat News releases

GDP main aggregates and employment estimates for the third quarter of 2020: GDP up by 12.5% and employment up by 1.0% in the euro area

GDP growth in the euro area and EU: In the third quarter of 2020, seasonally adjusted GDP increased by 12.5% in the euro area and by 11.5% in the EU compared with the previous quarter, according to an estimate published by Eurostat, the statistical office of the European Union. These were by far the sharpest increases observed since time series started in 1995, and a rebound compared with the second quarter of 2020, when GDP had decreased by 11.7% in the euro area and by 11.3% in the EU.

Volume of retail trade up by 1.5% in both euro area and EU

In October 2020, the seasonally adjusted volume of retail trade rose by 1.5% in both the euro area and the EU, compared with September 2020, according to estimates from Eurostat, the statistical office of the European Union. In September 2020, the retail trade volume fell by 1.7% in the euro area and by 1.3% in the EU.

Industrial producer prices up by 0.4% in the euro area and by 0.3% in the EU

In October 2020, industrial producer prices rose by 0.4% in the euro area and by 0.3% in the EU, compared with September 2020, according to estimates from Eurostat, the statistical office of the European Union. In September 2020, prices increased by 0.4% in the euro area and by 0.3% in the EU.

Euro area unemployment at 8.4%

In October 2020, the euro area seasonally-adjusted unemployment rate was 8.4%, down from 8.5% in September 2020 and up from 7.4% in October 2019. The EU unemployment rate was 7.6% in October 2020, stable compared with September 2020 and up from 6.6% in October 2019. These figures are published by Eurostat, the statistical office of the European Union.

Euro area annual inflation stable at -0.3%

Euro area annual inflation is expected to be -0.3% in November 2020, stable compared to October according to a flash estimate from Eurostat, the statistical office of the European Union.

Production in construction down by 2.9% in euro area and by 2.5% in EU

In September 2020 compared with August 2020, seasonally adjusted production in the construction sector decreased by 2.9% in the euro area and by 2.5% in the EU, according to first estimates from Eurostat, the statistical office of the European Union. In August 2020, production in construction increased by 3.9% in the euro area and by 3.5% in the EU.

A broad set of indicators for early detection of macroeconomic imbalances

Eurostat, the statistical office of the European Union, publishes today the indicators of the Macroeconomic Imbalance Procedure (MIP) Scoreboard. The MIP is part of the Six-Pack regulation on economic governance adopted by the European Parliament and Council in November 2011.

Annual inflation stable at -0.3% in the euro area

The euro area annual inflation rate was -0.3% in October 2020, stable compared to September. A year earlier, the rate was 0.7%. European Union annual inflation was 0.3% in October 2020, stable compared to September. A year earlier, the rate was 1.1%. These figures are published by Eurostat, the statistical office of the European Union.

Total agricultural output in the EU up by 2.4% in 2019

The economic accounts for agriculture show that total agricultural output in the European Union (EU) stood at €418.0 billion in basic prices in 2019, up by 2.4% compared with 2018. In 2019, the equivalent of 56.6% (or €236.5 bn) of the value of agricultural output generated was spent on intermediate consumption (input goods and services), while gross value added (i.e. the value of output minus the value of intermediate consumption) was the equivalent of 43.4% (or €181.5 bn). The combination of the increase in the value of agricultural output and a limited increase in intermediate consumption (+0.8%) resulted in a strong increase in the gross value added (+4.5%) generated by the EU agricultural industry in 2019 compared with 2018.

Euro area international trade in goods surplus €24.8 bn

Euro area: The first estimate for euro area (EA19) exports of goods to the rest of the world in September 2020 was €190.3 billion, a decrease of 3.1% compared with September 2019 (€196.4 bn). Imports from the rest of the world stood at €165.5 bn, a fall of 7.1% compared with September 2019 (€178.1 bn). As a result, the euro area recorded a €24.8 bn surplus in trade in goods with the rest of the world in September 2020, compared with +€18.3 bn in September 2019. Intra-euro area trade fell to €164.2 bn in September 2020, down by 1.0% compared with September 2019.

GDP and employment flash estimates for the third quarter of 2020: GDP up by 12.6% and employment up by 0.9% in the euro area

GDP growth in the euro area and EU: In the third quarter of 2020, seasonally adjusted GDP increased by 12.6% in the euro area and by 11.6% in the EU compared with the previous quarter, according to a flash estimate published by Eurostat, the statistical office of the European Union. These were by far the sharpest increases observed since time series started in 1995, and a rebound compared with the second quarter of 2020, when GDP had decreased by 11.8% in the euro area and by 11.4% in the EU.

Amounts sent to non-EU countries by EU residents up at €33.2 billion in 2019

In 2019, flows of money sent by residents of the European Union (EU) to non-EU countries, referred to as personal transfers, amounted to €33.2 billion, compared with €30.8 bn in 2018. Inflows to the EU totalled €13.0 bn in 2019, compared with €12.4 bn in 2018. This resulted in a negative balance (-€20.2 bn) for the EU with the rest of the world. The majority of personal transfers consist of flows of money sent by migrants to their country of origin.

Industrial production down by 0.4% in euro area and unchanged in EU

In September 2020, the seasonally adjusted industrial production fell by 0.4% in the euro area and remained unchanged in the EU, compared with August 2020, according to estimates from Eurostat, the statistical office of the European Union. In August 2020, industrial production grew by 0.6% in the euro area and by 0.9% in the EU.

Volume of retail trade down by 2.0% in euro area

In September 2020, the seasonally adjusted volume of retail trade fell by 2.0% in the euro area and by 1.7% in the EU, compared with August 2020, according to estimates from Eurostat, the statistical office of the European Union. In August 2020, the retail trade volume rose by 4.2% in the euro area and by 3.6% in the EU.

Industrial producer prices up by 0.3% in both euro area and EU

In September 2020, industrial producer prices rose by 0.3% in both the euro area and the EU, compared with August 2020, according to estimates from Eurostat, the statistical office of the European Union. In August 2020, prices increased by 0.1% in the euro area and by 0.2% in the EU.

Euro area annual inflation stable at -0.3%

Euro area annual inflation is expected to be -0.3% in October 2020, stable compared to September according to a flash estimate from Eurostat, the statistical office of the European Union.

Euro area unemployment at 8.3%

In September 2020, the euro area seasonally-adjusted unemployment rate was 8.3%, stable compared with August 2020 and up from 7.5% in September 2019. The EU unemployment rate was 7.5% in September 2020, stable compared with August 2020 and up from 6.6% in September 2019. These figures are published by Eurostat, the statistical office of the European Union.

GDP up by 12.7% in the euro area and by 12.1% in the EU

In the third quarter 2020, seasonally adjusted GDP increased by 12.7% in the euro area and by 12.1% in the EU, compared with the previous quarter, according to a preliminary flash estimate published by Eurostat, the statistical office of the European Union. These were by far the sharpest increases observed since time series started in 1995, and a rebound compared to the second quarter of 2020, when GDP had decreased by 11.8% in the euro area and by 11.4% in the EU.

Fall in household real consumption per capita accelerates in both euro area and EU

In the second quarter of 2020, when Member States continued to implement the COVID-19 containment measures, household real consumption per capita dropped by 10.7% in the euro area, after a decrease of 3.3% in the previous quarter. This decline is the highest since the beginning of the time series in 1999. Household real income per capita decreased in the second quarter of 2020 by 3.2%, after an increase of 0.5% in the first quarter.

Tax-to-GDP ratio at 41.1% in EU

The overall tax-to-GDP ratio, meaning the sum of taxes and net social contributions as a percentage of gross domestic product, stood at 41.1% in the European Union (EU) in 2019, a decrease compared with 2018 (41.2%). In the euro area, tax revenue accounted for 41.6% of GDP in 2019, unchanged compared to 2018.

Government debt up to 95.1% of GDP in euro area

At the end of the second quarter of 2020, the quarter in which the impacts of the containment measures as well as policy responses to the containment measures fully materialised in increased financing needs, the government debt to GDP ratio in the euro area stood at 95.1%, compared with 86.3% at the end of the first quarter of 2020. In the EU, the ratio increased from 79.4% to 87.8%. Compared with the second quarter of 2019, the government debt to GDP ratio rose in both the euro area (from 86.2% to 95.1%) and the EU (from 79.7% to 87.8%). The sharp increases are due to two factors: government debt increasing sharply, and GDP decreasing.

Euro area government deficit at 0.6% and EU at 0.5% of GDP

In 2019, the government deficit of both the euro area and the EU increased in relative terms compared with 2018, while the government debt declined in both zones. In the euro area the government deficit to GDP ratio rose from 0.5% in 2018 to 0.6% in 2019, and in the EU from 0.4% to 0.5%. In the euro area the government debt to GDP ratio decreased from 85.8% at the end of 2018 to 84.0% at the end of 2019, and in the EU from 79.5% to 77.6%.

Seasonally adjusted government deficit at 11.6% of GDP in the euro area and 11.4% of GDP in the EU

In the second quarter of 2020, marked by COVID-19 containment measures in all Member States, the seasonally adjusted general government deficit to GDP ratio stood at 11.6% in the euro area and 11.4% in the EU. The second quarter of 2020 saw both the highest deficit recorded in the euro area and the EU since the start of the time series as well as the sharpest quarter on quarter increase. In the second quarter of 2020, all Member States recorded a government deficit.

Production in construction up by 2.6% in euro area and by 2.4% in EU

In August 2020, the seasonally adjusted production in the construction sector rose by 2.6% in the euro area and by 2.4% in the EU, compared with July 2020, according to first estimates from Eurostat, the statistical office of the European Union. In July 2020, production in construction increased by 0.3% in the euro area while it remained stable in the EU.

Almost 170 000 additional deaths in the EU

In 2020, among the 26 EU Member States for which data are available, there were 168 000 more deaths during weeks 10-26 (March – June) than the average number of deaths during the same period over the four years 2016 to 2019. These data include all deaths, irrespective of their causes, but can be useful for assessing the direct and indirect effects of the COVID-19 pandemic on the European population.

Annual inflation down to -0.3% in the euro area

The euro area annual inflation rate was -0.3% in September 2020, down from -0.2% in August. A year earlier, the rate was 0.8%. European Union annual inflation was 0.3% in September 2020, down from 0.4% in August. A year earlier, the rate was 1.2%. These figures are published by Eurostat, the statistical office of the European Union.

Euro area international trade in goods surplus €14.7 bn

Euro area: In August 2020, COVID-19 continued to have a significant impact on international trade in goods. The first estimate for euro area exports of goods to the rest of the world in August 2020 was €156.3 billion, a decrease of 12.2% compared with August 2019. Imports from the rest of the world stood at €141.6 bn, a fall of 13.5% compared with August 2019. As a result, the euro area recorded a €14.7 bn surplus in trade in goods with the rest of the world in August 2020, compared with +€14.4 bn in August 2019. Intra-euro area trade fell to €129.2 bn in August 2020, down by 4.6% compared with August 2019.

Industrial production up by 0.7% in euro area and 1.0% in EU

In August 2020, a month marked by some relaxation of COVID-19 containment measures in many Member States, the seasonally adjusted industrial production rose by 0.7% in the euro area and by 1.0% in the EU, compared with July 2020, according to estimates from Eurostat, the statistical office of the European Union. In July 2020, industrial production rose by 5.0% in the euro area and by 4.9% in the EU.

Total labour market slack up to 14%

Throughout the second quarter 2020, the labour market across the European Union (EU) was affected by COVID-19 measures taken by Member States. Employment and unemployment as defined by the International Labour Organisation (ILO) concept are, in this particular situation, not sufficient to describe all the developments taking place in the labour market. In this phase of the crisis, active measures to contain employment losses led to temporary absences from work rather than dismissals. In addition, individuals could not search for work or were not available due to the containment measures, thus not counting as unemployed according to the ILO concept.

House prices up by 5.0% in the euro area

In the second quarter of 2020, marked by COVID-19 containment measures in most Member States, house prices, as measured by the House Price Index, rose by 5.0% in the euro area and by 5.2% in the EU compared with the same quarter of the previous year. In the first quarter 2020 house prices rose by 5.1% and 5.6% respectively. These figures come from Eurostat, the statistical office of the European Union.

EU current account surplus €82.9 bn

In the second quarter of 2020, marked severely by COVID-19 containment measures in the Member States, the EU seasonally adjusted current account of the balance of payments recorded a surplus of €82.9 billion (2.7% of GDP), up from a surplus of €52.9 billion (1.5% of GDP) in the first quarter of 2020 and from a surplus of €72.7 billion (2.1% of GDP) in the second quarter of 2019, according to estimates released by Eurostat, the statistical office of the European Union.

Volume of retail trade up by 4.4% in euro area

In August 2020, a month marked by some relaxation of COVID-19 containment measures in many Member States, the seasonally adjusted volume of retail trade rose by 4.4% in the euro area and by 3.8% in the EU, compared with July 2020, according to estimates from Eurostat, the statistical office of the European Union. In July 2020, the retail trade volume fell by 1.8% in the euro area and by 1.2% in the EU.

Household saving rate at record high at 24.6% in the euro area while household investment rate at record low at 7.9%

The household saving rate in the euro area was at 24.6% in the second quarter of 2020, when Member States continued to implement the COVID-19 containment measures, compared with 16.6% in the first quarter of 2020. Both the value and the quarter-over-quarter increase (+8.0 percentage points) were the highest observed since the beginning of the time series in 1999.

Business profit share recovers back to 39.8% while business investment decreases to 23.2% in the euro area

In the second quarter of 2020, when Member States continued to implement the COVID-19 containment measures, the business profit share increased from 38.0% to 39.8% in the euro area, almost recovering its level prior to the beginning of the COVID-19 lockdown. This is explained by the sharp decrease (-16.3%) of compensation of employees (wages and social contributions) plus taxes less subsidies on production, at a faster rate than the decrease of business gross value added (-13.8%).

Euro area annual inflation down to -0.3%

Euro area annual inflation is expected to be -0.3% in September 2020, down from -0.2% in August according to a flash estimate from Eurostat, the statistical office of the European Union.

Euro area unemployment at 8.1%

In August 2020, the euro area seasonally-adjusted unemployment rate has continued to rise for 5 consecutive months, reaching 8.1%. The same trend has applied to the EU unemployment rate that reached 7.4% in August 2020. These figures are published by Eurostat, the statistical office of the European Union.

Industrial producer prices up by 0.1% in euro area

In August 2020, a month marked by some relaxation of COVID-19 containment measures in many Member States, industrial producer prices rose, compared with July 2020, by 0.1% in the euro area and by 0.2% in the EU, according to estimates from Eurostat, the statistical office of the European Union. In July 2020, prices increased by 0.7% in the euro area and by 0.6% in the EU.

Employer mainly decides on working time in the EU

In 2019, the employer, organisation or clients mainly decided on the working time of almost 118 million of the 194 million employed people aged 15 to 74 in the European Union (EU). In other words, the employer, organisation or clients determined the start and end time of the working day in the main job for the majority of the employed (61%) in 2019.

Regional diversity in the EU – how does your region fare?

What is the share of young and old people in the regions of the European Union (EU)? Is the risk of poverty in my region higher or lower than elsewhere in the EU? Which region has the largest economy? Which region invests most in research and innovation? How do people in my region use the internet?

Production in construction up by 0.2% in euro area and down by 0.1% in EU

In July 2020, a month marked by some relaxation of COVID-19 containment measures in many Member States, the seasonally adjusted production in the construction sector rose by 0.2% in the euro area and fell by 0.1% in the EU, compared with June 2020, according to first estimates from Eurostat, the statistical office of the European Union. In June 2020, production in construction increased by 5.1% in the euro area and by 3.8% in the EU.

Annual inflation down to -0.2% in the euro area

In August 2020, a month in which COVID-19 containment measures continued to be lifted, the euro area annual inflation rate was -0.2%, down from 0.4% in July. A year earlier, the rate was 1.0%. European Union annual inflation was 0.4% in August 2020, down from 0.9% in July. A year earlier, the rate was 1.4%. These figures are published by Eurostat, the statistical office of the European Union.

Euro area international trade in goods surplus €27.9 bn

Euro area: In July 2020, the COVID-19 containment measures widely introduced by the Member States continued to have a noticeable impact on international trade in goods. The first estimate for euro area (EA19) exports of goods to the rest of the world was €185.2 billion, a decrease of 10.4% compared with July 2019 (€206.7 bn). Imports from the rest of the world stood at €157.3 bn, a fall of 14.3% compared with July 2019 (€183.5 bn). As a result, the euro area recorded a €27.9 bn surplus in trade in goods with the rest of the world in July 2020, compared with +€23.2 bn in July 2019. Intra-euro area trade fell to €153.7 bn in July 2020, down by 8.6% compared with July 2019.

Annual growth in labour costs at 4.2% in euro area

In the second quarter of 2020, the quarter when the COVID-19 containment measures were widely in force in the European Union, the hourly labour costs rose by 4.2% in the euro area and by 4.1% in the European Union (EU), compared with the same quarter of the previous year. In the first quarter of 2020, hourly labour costs increased by 3.7% and 3.9% respectively. These figures are published by Eurostat, the statistical office of the European Union.

Euro area and EU job vacancy rate both at 1.6%

In the second quarter of 2020, the quarter when COVID-19 containment measures have been widely implemented by Member States, the job vacancy rate in the euro area and in the European Union (EU) was 1.6%, down from 1.9% in the previous quarter and from 2.3% in the second quarter of 2019, according to figures published by Eurostat, the statistical office of the European Union.

Industrial production up by 4.1% in both euro area and EU

In July 2020, a month marked by some relaxation of COVID-19 containment measures in many Member States, the seasonally adjusted industrial production rose by 4.1% in both the euro area and EU, compared with June 2020, according to estimates from Eurostat, the statistical office of the European Union. In June 2020, industrial production rose by 9.5% in the euro area and by 9.6% in the EU.

GDP main aggregates and employment estimates for the second quarter of 2020: GDP down by 11.8% and employment down by 2.9% in the euro area

GDP growth in the euro area and EU: In the second quarter of 2020, still marked by COVID-19 containment measures in most Member States, seasonally adjusted GDP decreased by 11.8% in the euro area and by 11.4% in the EU compared with the previous quarter, according to an estimate published by Eurostat, the statistical office of the European Union. These were by far the sharpest declines observed since the time series started in 1995. In the first quarter of 2020, GDP had decreased by 3.7% in the euro area and by 3.3% in the EU.

Volume of retail trade down by 1.3% in euro area

In July 2020, a month marked by some relaxation of COVID-19 containment measures in many Member States, the seasonally adjusted volume of retail trade decreased by 1.3% in the euro area and by 0.8% in the EU, compared with June 2020, according to estimates from Eurostat, the statistical office of the European Union. In June 2020, the retail trade volume increased by 5.3% in the euro area and by 5.1% in the EU.

Industrial producer prices up by 0.6% in euro area

In July 2020, a month marked by some relaxation of COVID-19 containment measures in many Member States, industrial producer prices rose, compared with June 2020, by 0.6% in the euro area and by 0.4% in the EU, according to estimates from Eurostat, the statistical office of the European Union. In June 2020, prices increased by 0.7% in the euro area and by 0.8% in the EU.

Euro area unemployment at 7.9%

In July 2020, a month marked by some relaxation of COVID-19 containment measures in many Member States, the euro area seasonally-adjusted unemployment rate was 7.9%, up from 7.7% in June 2020. The EU unemployment rate was 7.2% in July 2020, up from 7.1% in June 2020. These figures are published by Eurostat, the statistical office of the European Union.

Euro area annual inflation down to -0.2%

In August 2020, a month in which COVID-19 containment measures continued to be lifted, Euro area annual inflation is expected to be -0.2%, down from 0.4% in July according to a flash estimate from Eurostat, the statistical office of the European Union.
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