29 Apr 2016
EU CPI soft, prelim Q1 GDP upbeat
European Union inflation readings (flash estimate) for April came soft, with the HICP flash YoY at -0.2% vs -0.1% expected, while GDP preliminary Q1 figures printed 0.6% QoQ vs 0.4% expected. March 2016 unemployment rate was 10.2% vs 10.3% expected.
Official release
Euro area annual inflation down to -0.2%: Euro area annual inflation is expected to be -0.2% in April 2016, down from 0.0% in March, according to a flash estimate from Eurostat, the statistical office of the European Union. Looking at the main components of euro area inflation, services is expected to have the highest annual rate in April (1.0%, compared with 1.4% in March), followed by food, alcohol & tobacco (0.8%, stable compared with March), non-energy industrial goods, (0.5%, stable compared with March) and energy (-8.6%, compared with -8.7% in March).
GDP up by 0.6% in the euro area and by 0.5% in the EU28: Seasonally adjusted GDP rose by 0.6% in the euro area (EA19) and by 0.5% in the EU28 during the first quarter of 2016, compared with the previous quarter, according to a preliminary flash estimate published by Eurostat, the statistical office of the European Union. In the fourth quarter of 2015, GDP grew by 0.3% in the euro area and by 0.4% in the EU28.
Euro area unemployment down to 10.2%: The euro area (EA19) seasonally-adjusted unemployment rate was 10.2% in March 2016, down from 10.4% in February 2016, and from 11.2% in March 2015. This is the lowest rate recorded in the euro area since August 2011. The EU28 unemployment rate was 8.8% in March 2016, down from 8.9% in February 2016, and from 9.7% in March 2015. This is the lowest rate recorded in the EU28 for seven years, since April 2009. These figures are published by Eurostat, the statistical office of the European Union.
Official release
Euro area annual inflation down to -0.2%: Euro area annual inflation is expected to be -0.2% in April 2016, down from 0.0% in March, according to a flash estimate from Eurostat, the statistical office of the European Union. Looking at the main components of euro area inflation, services is expected to have the highest annual rate in April (1.0%, compared with 1.4% in March), followed by food, alcohol & tobacco (0.8%, stable compared with March), non-energy industrial goods, (0.5%, stable compared with March) and energy (-8.6%, compared with -8.7% in March).
GDP up by 0.6% in the euro area and by 0.5% in the EU28: Seasonally adjusted GDP rose by 0.6% in the euro area (EA19) and by 0.5% in the EU28 during the first quarter of 2016, compared with the previous quarter, according to a preliminary flash estimate published by Eurostat, the statistical office of the European Union. In the fourth quarter of 2015, GDP grew by 0.3% in the euro area and by 0.4% in the EU28.
Euro area unemployment down to 10.2%: The euro area (EA19) seasonally-adjusted unemployment rate was 10.2% in March 2016, down from 10.4% in February 2016, and from 11.2% in March 2015. This is the lowest rate recorded in the euro area since August 2011. The EU28 unemployment rate was 8.8% in March 2016, down from 8.9% in February 2016, and from 9.7% in March 2015. This is the lowest rate recorded in the EU28 for seven years, since April 2009. These figures are published by Eurostat, the statistical office of the European Union.