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THE ECONOMY.(TO THE POINT)
Mortgage applications, rates fall
The pace of mortgage applications slowed for a 2nd week even as mortgage rates fell in Aug., said the Mortgage Bankers Association. Its applications index fell 4.5% in the week ended Aug. 26 after the prior week's 0.7% fall. The purchase index shed 3.6%; the refi index lost 5.4%. Fixed 30-year mortgage rates fell to 5.73% from 5.78% in the prior week and 5.91% at the start of Aug. Rates have kept falling this week.
ECB sources: prices up, rates OK
The European Central Bank does not expect euro zone inflation to fall below its official 2% ceiling until mid-'06 at the earliest due to the latest run-up in oil prices, sources said. The bank still sees the current interest rates at 2% are appropriate to boost sluggish growth. The ECB is expected to keep rates steady and announce new growth and inflation forecasts Thursday.
** Consumer inflation in the euro zone cooled to 2.1% in Aug. from July's 2.2%, according to a flash estimate from Eurostat.
** Euro zone GDP rose 0.3% in Q2 vs. Q1, up 1.1% vs. a year earlier. Consumer spending fell ...
- THE EURO-ZONE AND THE WORLD.(demographic, economic statistics)(Brief...
- Newspaper article from: European Report December 29, 2001 700+ words
In 2001, the euro-zone has a total population of 303 million...and 127 million in Japan. Among the euro-zone population, 16.4% are less than...On the other hand, 16.3% of euro-zone citizens are over 65 years old and...
- INDUSTRIAL PRODUCTION: OUTPUT AND PRICE INDICES UP IN EU15 AND EURO ZONE IN...
- Newspaper article from: European Report January 19, 2000 700+ words
...strongest gain with 1.2% in the Euro-zone and 1.3% in EU15. Capital goods production rose by 0.6% in both the Euro-zone and EU15. Output in durable consumer goods was up 1.0% in the Euro-zone and 0.7% in EU15 and production...
- Low trend rate of GDP growth in the euro zone.
- Magazine article from: The Swedish Economy December 1, 2005 700+ words
...recovery has been much slower in the euro zone than in other countries, such as the...Although resource utilization in the euro zone is currently low, the weak growth there...s, the potential growth rate in the euro zone seems to have decreased in recent decades...
- Inflation in Sweden and the Euro zone--what explains the difference?
- Magazine article from: The Swedish Economy June 1, 2005 700+ words
...the lowest in the entire EU. In the Euro zone, inflation has not dropped to the same...inflation rate in Sweden than in the Euro zone is nothing new. Since the single currency...3 percentage point lower than in the euro zone (see Diagram 138). [GRAPHIC OMITTED...
- Official Figures Disappoint Euro-Zone Single-Currency Supporters.
- Newspaper article from: Knight Ridder/Tribune Business News November 9, 2003 700+ words
...to expectations, to boost trade between euro zone members, official figures reveal. The revelation...currency would dramatically boost internal euro zone trade. Germany and France, the euro zone's first and second largest economies...
- The Euro Zone: Advantages Outnumber Drawbacks.
- News wire article from: Europe Intelligence Wire July 26, 2005 700+ words
...been set as of yet, our entry into the euro zone is inevitable. - Prepare for 2009...it seemed that Poland could enter the euro zone in 2007. At present, economists are...will object to Poland's entry into the euro zone, given that the deficit amounts to 3...
- Euro Zone Producers' Exports to China Are Up by 20 Percent.
- Newspaper article from: Knight Ridder/Tribune Business News December 14, 2003 700+ words
...to Chinese consumers and companies by euro zone producers are up by 20 percent this year...quarter of all economic growth in the euro zone in 2003. European exports of chemical...6.6 percent, respectively for the euro zone as a whole and in the UK only 0.8 percent...
- Euro zone surveys suggest milder recession in Q2.
- News wire article from: The America's Intelligence Wire April 23, 2009 700+ words
...indicator of economic health _ for the euro zone's manufacturing sector rose to a six...March. Though the indicators suggest the euro zone remains mired in recession, they do...the figures have fueled hopes that the euro zone economy may contract far less in the...
- Euro zone retail sales down 0.4 percent in May.
- News wire article from: The America's Intelligence Wire July 3, 2009 700+ words
...said Friday that retail sales in the euro zone fell by 0.4 percent in May from the...sales were down 3.3 percent for the euro zone and 3.1 percent for the 27-nation...in the car market. "May's fall in euro-zone retail sales confirms that high street...
- Reliable Policy More Important Than Exact Euro Zone Entry Date, Says Deputy...
- News wire article from: Europe Intelligence Wire April 21, 2006 700+ words
...concerning Poland's entry into the Euro zone. Now, the recently nominated deputy...maybe it is time to introduce it into the euro zone? "I guess that would be consistent...matter is Poland's presence in the euro zone. The consistency I mentioned before...