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viernes, 21 de febrero de 2014

French consumer rices post record fall in January

By Gabriele Parussini
French consumer prices posted their biggest drop on record in January, France's statistics bureau said , due to large discounts at shops during the sales season                                        
Consumer prices in the euro zone's second-largest economy retreated 0.6% in January from December, bringing down the overall inflation rate over the past 12 months to 0.7%                                        
Economists polled by The Wall Street Journal had forecast a 0.5% contraction for January, and a 0.8% increase for the previous 12 months                                        
The Insee consumer price index data go back to 1990

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El Genio dijo...

ROME--Italian industrial orders fell sharply in December, mainly due to a decline in orders from domestic firms, casting a shadow over hopes of an economic recovery after the worst postwar recession.

Orders declined 4.9% from November in seasonally adjusted terms, national statistics institute Istat said Thursday.

Domestic orders dropped 6.4%, while foreign orders fell 2.6% from November, according to Istat.

"There's no doubt that the overall drop is due to the internal market," said an Istat official.

Italian industrial sales shed 0.3% in December from November, with foreign sales decreasing 1.4% and domestic sales adding 0.3%, Istat added, using seasonally adjusted figures.

Italian industrial orders, however, rose 1.9% in December from the same month a year earlier, Istat said, citing unadjusted figures. Foreign orders drove the gain, rising 3.2%, while domestic orders climbed 1.1%.

Sales fell 0.6% from December 2012, with a 2.1% drop in domestic sales and a 2.8% gain in foreign sales, Istat said, using workday-adjusted figures.

El Genio dijo...

Euro-zone business activity sputters due to France

El Genio dijo...

Business activity in the 18 nations that use the euro lost some momentum in February, dragged down by weakness in the bloc's second-largest economy, France.

A poor survey reading of activity in France outweighed strong growth in Germany, the region's biggest economy, and suggests the euro zone's economic revival will remain patchy and fragile in the short term. Other data Thursday showed French consumer prices falling at a record rate in January from December, highlighting weakness in domestic demand.

Data provider Markit said its composite purchasing managers' index, a monthly gauge of activity across the manufacturing and services sectors of the 18-nation euro zone, fell to 52.7 in February from 52.9 the previous month. A reading above 50 indicates month-to-month expansion in activity.

"A dip in the eure-zone PMI provides a reminder that the region's recovery continues to be uneven and fragile," said Chris Williamson, chief economist at Markit. "Growth continued to be led by Germany, which contrasts with a worrying renewed downturn in France."

German business activity grew at the fastest rate in almost three years. But activity in France shrank, a new sign that Germany is outpacing other euro nations as the bloc's economy stages a fragile recovery from its fiscal crisis.

Thursday's data are an early estimate and don't give a breakdown of business activity in other euro-zone nations.

The euro-zone economy grew 0.3% during the final three months of 2013, picking up speed after a slowdown the previous quarter. The economy began recovering in April.

Mr. Williamson said Markit's survey data for the first two months of 2014 indicate a pickup in economic growth in the first quarter. New orders taken by businesses rose at the fastest rate since mid-2011, he said.