Euro Area recorded a Current Account surplus of 33.84 EUR Billion in February of 2020. Current Account in the Euro Area averaged 7.70 EUR Billion from 1999 until 2020, reaching an all time high of 50.38 EUR Billion in December of 2017 and a record low of -33.54 EUR Billion in January of 2008. Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). This page provides the latest reported value for - Euro Area Current Account - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Government spending in European Union was last recorded at 45.8 percent of GDP in 2019 . Government Spending To GDP in European Union averaged 47 percent from 1995 until 2019, reaching an all time high of 51.10 percent in 1995 and a record low of 44.80 percent in 2007. This page provides - European Union Government Spending To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Government spending In the Euro Area was last recorded at 47.1 percent of GDP in 2019 . Government Spending to GDP in the Euro Area averaged 48.30 percent from 1995 until 2019, reaching an all time high of 52.90 percent in 1995 and a record low of 45.60 percent in 2007. This page provides the latest reported value for - Euro Area Government Spending to GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Euro Area Marginal Lending Rate was at 0.25 percent on Friday May 8. Lending Rate in the Euro Area averaged 2.42 percent from 1999 until 2020, reaching an all time high of 5.75 percent in October of 2000 and a record low of 0.25 percent in March of 2016. In the Euro Area, the marginal lending facility aims to provide overnight liquidity, signal the general stance of monetary policy and normally provides a ceiling for the overnight market interest rate. This facility is available to eligible counterparties on their own initiative, subject to their fulfilment of certain operational access conditions. Counterparties can use the marginal lending facility to obtain overnight liquidity from the national central banks against eligible assets. Under normal circumstances, there are no credit limits or other restrictions on counterparties' access to the facility, apart from the requirement to present sufficient underlying assets. The marginal lending facility is administered in a decentralised manner by the national central banks. This page provides - Euro Area Lending Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Labour Costs in European Union decreased to 105.80 points in the third quarter of 2019 from 111 points in the second quarter of 2019. Labour Costs in European Union averaged 96.94 points from 2009 until 2019, reaching an all time high of 111 points in the second quarter of 2019 and a record low of 84.20 points in the first quarter of 2009. This page provides - European Union Labour Costs - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Labour Costs In the Euro Area decreased to 103.50 points in the third quarter of 2019 from 110.90 points in the second quarter of 2019. Labour Costs in the Euro Area averaged 97.21 points from 2009 until 2019, reaching an all time high of 110.90 points in the second quarter of 2019 and a record low of 83.40 points in the first quarter of 2009. In the Euro Area, unit labour costs are a measure of total labour costs per unit of output calculated as the ratio of compensation per employee to labour productivity (defined as GDP per person employed). This page provides the latest reported value for - Euro Area Labour Costs - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Gross Fixed Capital Formation in European Union increased to 780817.20 EUR Million in the fourth quarter of 2019 from 773602.80 EUR Million in the third quarter of 2019. Gross Fixed Capital Formation in European Union averaged 658100.50 EUR Million from 1995 until 2019, reaching an all time high of 806449.30 EUR Million in the second quarter of 2019 and a record low of 506761.30 EUR Million in the first quarter of 1995. This page provides - European Union Gross Fixed Capital Formation - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Gross Fixed Capital Formation In the Euro Area increased to 623.10 EUR Billion in the fourth quarter of 2019 from 597.93 EUR Billion in the third quarter of 2019. Gross Fixed Capital Formation in the Euro Area averaged 511.31 EUR Billion from 1995 until 2019, reaching an all time high of 623.10 EUR Billion in the fourth quarter of 2019 and a record low of 400.30 EUR Billion in the first quarter of 1996. This page provides the latest reported value for - Euro Area Gross Fixed Capital Formation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Long Term Unemployment Rate In the Euro Area remained unchanged at 3.20 percent in the fourth quarter of 2019 from 3.20 percent in the third quarter of 2019. Long Term Unemployment Rate in the Euro Area averaged 4.38 percent from 1997 until 2019, reaching an all time high of 6.30 percent in the first quarter of 2014 and a record low of 2.70 percent in the third quarter of 2008. In the Euro Area, the long term unemployment rate refers to the share of unemployed persons since 12 months or more in the total number of active persons (those who are either employed or unemployed) in the labour market. This page provides the latest reported value for - Euro Area Long Term Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Long Term Unemployment Rate in European Union remained unchanged at 2.40 percent in the fourth quarter of 2019 from 2.40 percent in the third quarter of 2019. Long Term Unemployment Rate in European Union averaged 3.83 percent from 2002 until 2019, reaching an all time high of 5.30 percent in the first quarter of 2014 and a record low of 2.40 percent in the third quarter of 2008. In the European Union, the long term unemployment rate refers to the share of unemployed persons since 12 months or more in the total number of active persons (those who are either employed or unemployed) in the labour market. This page provides - European Union Long Term Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Exports of Non-European Countries in Switzerland increased to 5755 CHF Million in March from 4186.40 CHF Million in February of 2020. Exports of Non-European Countries in Switzerland averaged 3951.74 CHF Million from 2014 until 2020, reaching an all time high of 5755 CHF Million in March of 2020 and a record low of 2798.40 CHF Million in August of 2014. This page includes a chart with historical data for Switzerland Exports of Non-European Countries.

Disposable Personal Income In the Euro Area increased to 1824413 EUR Million in the fourth quarter of 2019 from 1819486 EUR Million in the third quarter of 2019. Disposable Personal Income in the Euro Area averaged 1462864.82 EUR Million from 1999 until 2019, reaching an all time high of 1824413 EUR Million in the fourth quarter of 2019 and a record low of 1059295 EUR Million in the first quarter of 1999. This page provides the latest reported value for - Euro Area Disposable Personal Income - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Retail Sales in European Union increased 2.20 percent in January of 2020 over the same month in the previous year. Retail Sales Yoy in European Union averaged 1.52 percent from 2000 until 2020, reaching an all time high of 6.10 percent in July of 2000 and a record low of -4 percent in February of 2009. In the European Union, retail sales show the evolution of the total amount of goods sold. Among goods, food, drinks and tobacco account for the highest share (40.1 percent); followed by electrical goods and furniture (11.5 percent share); computer equipment, books and other (11.4 percent share); textiles, clothing, footwear (9.2 percent share); auto fuel (9 percent share); pharmaceutical and medical goods (8.9 percent share); other non-food products (7.0 percent share) and mail orders and internet (3.0 percent share). Among countries, Germany has the highest weight (19.1 percent), followed by France (15.9 percent); the United Kingdom (14.7 percent) and Italy (11.9 percent). Others include Spain (8.4 percent); Netherlands (3.8 percent); Poland (3.7 percent); Belgium (3.2 percent); Sweden (2.4 percent); Greece (2.2 percent); Austria (2.1 percent); Portugal (1.8 percent); Denmark (1.5 percent); Finland, Ireland and Czech Republic (1.3 percent each); Romania (1.0 percent); Hungary (0.9 percent); Luxembourg and Slovakia (0.6 percent each); Croatia (0.5 percent); Bulgaria and Slovenia (0.4 percent each); Lithuania (0.3 percent); Latvia, Cyprus and Estonia (0.2 percent each) and Malta (0.1 percent). This page provides - European Union Retail Sales YoY - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Retail Sales In the Euro Area decreased 9.20 percent in March of 2020 over the same month in the previous year. Retail Sales YoY in the Euro Area averaged 1.11 percent from 1996 until 2020, reaching an all time high of 6 percent in July of 2000 and a record low of -9.20 percent in March of 2020. In the Euro Area, retail sales show the evolution of the total amount of goods sold. Among them, food drinks and tobacco account for the highest share (39.3 percent); followed by electrical goods and furniture (12.0 percent share); computer equipment books and other (11.4 percent share); pharmaceutical and medical goods (9.9 percent share); textiles, clothing, footwear (9.2 percent share); auto fuel (9.1 percent share); other non-food products (6.0 percent share) and mail orders and internet (2.9 percent share). Among countries, Germany has the highest weight (25.9 percent), followed by France (21.7 percent), Italy (16.1 percent) and Spain (11.4 percent). Others are Netherlands (5.2 percent); Belgium (4.3 percent); Greece (3.0 percent); Austria (2.8 percent); Portugal (2.4 percent); Finland (1.8 percent); Ireland (1.7 percent); Luxembourg and Slovakia (0.8 percent each); Slovenia (0.6 percent); Lithuania (0.4 percent); Latvia and Cyprus (0.3 percent); Estonia (0.2 percent) and Malta (0.1 percent). This page provides the latest reported value for - Euro Area Retail Sales YoY - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Retail Sales in European Union increased 0.50 percent in January of 2020 over the previous month. Retail Sales Mom in European Union averaged 0.12 percent from 1999 until 2020, reaching an all time high of 2.90 percent in October of 1999 and a record low of -1.90 percent in May of 2011. In the European Union, retail sales show the evolution of the total amount of goods sold. Among goods, food, drinks and tobacco account for the highest share (40.1 percent); followed by electrical goods and furniture (11.5 percent share); computer equipment, books and other (11.4 percent share); textiles, clothing, footwear (9.2 percent share); auto fuel (9 percent share); pharmaceutical and medical goods (8.9 percent share); other non-food products (7.0 percent share) and mail orders and internet (3.0 percent share). Among countries, Germany has the highest weight (19.1 percent), followed by France (15.9 percent); the United Kingdom (14.7 percent) and Italy (11.9 percent). Others include Spain (8.4 percent); Netherlands (3.8 percent); Poland (3.7 percent); Belgium (3.2 percent); Sweden (2.4 percent); Greece (2.2 percent); Austria (2.1 percent); Portugal (1.8 percent); Denmark (1.5 percent); Finland, Ireland and Czech Republic (1.3 percent each); Romania (1.0 percent); Hungary (0.9 percent); Luxembourg and Slovakia (0.6 percent each); Croatia (0.5 percent); Bulgaria and Slovenia (0.4 percent each); Lithuania (0.3 percent); Latvia, Cyprus and Estonia (0.2 percent each) and Malta (0.1 percent). This page provides - European Union Retail Sales MoM - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Retail Sales In the Euro Area decreased 11.20 percent in March of 2020 over the previous month. Retail Sales MoM in the Euro Area averaged 0.06 percent from 1995 until 2020, reaching an all time high of 2.80 percent in October of 1999 and a record low of -11.20 percent in March of 2020. In the Euro Area, retail sales show the evolution of the total amount of goods sold. Among them, food drinks and tobacco account for the highest share (39.3 percent); followed by electrical goods and furniture (12.0 percent share); computer equipment books and other (11.4 percent share); pharmaceutical and medical goods (9.9 percent share); textiles, clothing, footwear (9.2 percent share); auto fuel (9.1 percent share); other non-food products (6.0 percent share) and mail orders and internet (2.9 percent share). Among countries, Germany has the highest weight (25.9 percent), followed by France (21.7 percent), Italy (16.1 percent) and Spain (11.4 percent). Others are Netherlands (5.2 percent); Belgium (4.3 percent); Greece (3.0 percent); Austria (2.8 percent); Portugal (2.4 percent); Finland (1.8 percent); Ireland (1.7 percent); Luxembourg and Slovakia (0.8 percent each); Slovenia (0.6 percent); Lithuania (0.4 percent); Latvia and Cyprus (0.3 percent); Estonia (0.2 percent) and Malta (0.1 percent). This page provides the latest reported value for - Euro Area Retail Sales MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Exports to European Union in Italy decreased to 21028.14 EUR Million in February from 21045.98 EUR Million in January of 2020. Exports to European Union in Italy averaged 20309.54 EUR Million from 2014 until 2020, reaching an all time high of 25116.26 EUR Million in July of 2019 and a record low of 12115.81 EUR Million in August of 2014. This page includes a chart with historical data for Italy Exports to EU28 Countries.

Exports to Europe in New Zealand increased to 648515354 NZD in March from 547640862 NZD in February of 2020. Exports to Europe in New Zealand averaged 463536673.99 NZD from 2014 until 2020, reaching an all time high of 699082018 NZD in May of 2018 and a record low of 534 NZD in April of 2014. This page includes a chart with historical data for New Zealand Exports to EUrope.

Central Bank Balance Sheet In the Euro Area increased to 5282926 EUR Million in April 17 from 5257490 EUR Million in the previous week. Central Bank Balance Sheet in the Euro Area averaged 2852368.48 EUR Million from 1999 until 2020, reaching an all time high of 5282926 EUR Million in April of 2020 and a record low of 692641 EUR Million in February of 1999. This page provides - Euro Area Central Bank Balance Sheet - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The stocks of goods held by firms In the Euro Area increased by 0.60 EUR Billion in the fourth quarter of 2019. Changes In Inventories in the Euro Area averaged 10.55 EUR Billion from 1995 until 2019, reaching an all time high of 29.58 EUR Billion in the first quarter of 2011 and a record low of -22.95 EUR Billion in the second quarter of 2009. This page provides the latest reported value for - Euro Area Changes In Inventories - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The stocks of goods held by firms in European Union decreased by 13951.70 EUR Million in the fourth quarter of 2019. Changes In Inventories in European Union averaged 14858.14 EUR Million from 1995 until 2019, reaching an all time high of 46560.60 EUR Million in the first quarter of 2019 and a record low of -28854.70 EUR Million in the second quarter of 2009. This page provides - European Union Changes In Inventories - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Euro LIBOR Three Month Rate was at -0.22 percent on Friday May 8. Interbank Rate in the Euro Area averaged 1.69 percent from 1998 until 2020, reaching an all time high of 5.39 percent in October of 2008 and a record low of -0.54 percent in March of 2020. The three month euro LIBOR interest rate is the average interest rate at which a LIBOR contributor bank can obtain unsecured funding in the London interbank market for a three month period in euros. This page provides - Euro Area Three Month nterbank Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Cost of food In the Euro Area increased 2.30 percent in March of 2020 over the same month in the previous year. Food Inflation in the Euro Area averaged 1.77 percent from 1997 until 2020, reaching an all time high of 6.90 percent in July of 2008 and a record low of -1.60 percent in October of 2009. This page provides the latest reported value for - Euro Area Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The benchmark interest rate In the Euro Area was last recorded at 0 percent. Interest Rate in the Euro Area averaged 1.86 percent from 1998 until 2020, reaching an all time high of 4.75 percent in October of 2000 and a record low of 0 percent in March of 2016. In the Euro Area, benchmark interest rate is set by the Governing Council of the European Central Bank. The primary objective of the ECB’s monetary policy is to maintain price stability which is to keep inflation below, but close to 2 percent over the medium term. In times of prolonged low inflation and low interest rates, ECB may also adopt non-standard monetary policy measures, such as asset purchase programmes. The official interest rate is the Main refinancing operations rate. . This page provides - Euro Area Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Many Republicans are valuing the economy over life — a suicidal course with no European equivalent

More than 350m EU citizens will elect a new European Parliament in May

EU citizens have elected a new European Parliament

Centre-right and centre-left lose their combined majority amid strengthened Green, populist and nationalist forces

Its posturing as a self-righteous pacifist is unconvincing

EU foreign ministers this week postponed a decision on whether to open membership negotiations with Albania and North Macedonia until October, prompting a warning from the two countries' leaders that the delay could strengthen the hand of nationalist forces. Gideon Rachmans discusses the EU's dilemma on the Balkans with Ben Hall and Valerie Hopkins.

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Gideon Rachman discusses the fraught process of selecting a new leadership team in Europe and the impact these choices will have on integration, Eastern Europe and the Brexit negotiations, with Jim Brunsden and Ben Hall

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Investors will be watching Christine Lagarde’s performance amid rising pressure on Italian bonds

Bloc faces worst recession in its history as report calls for pan-European recovery plan

Spate of arson attacks on telecoms masts fuelled by disinformation over pandemic’s origins

Chief of French state-backed company said decision was made with ‘heavy heart’

Denmark and the Netherlands lead surge in bookings but company still cuts 25% of workforce

The company wants to upend banking but the need to mature is more urgent than ever

Bizarre lyrics, atonal melodies and a ‘koala synth’; Nic Fildes enters the world of algorithm-inspired Europop

French patient who fell ill in December found to have had Covid-19 after samples retested

Food and farm industry desperate to shift mountain of produce as pandemic decimates demand

Patrick Jenkins and guests discuss the huge cost of the UK's PPI mis-selling scandal, the latest personnel changes at Goldman Sachs and growing unease about the role of Eurofi in shaping Europe's financial sector policy. With special guest Dominic Lindley, director of policy at the New City Agenda.

Contributors: Patrick Jenkins, financial editor, Nicholas Megaw, retail banking correspondent, Laura Noonan, US banking editor and Jim Brunsden, EU correspondent. Producer: Fiona Symon

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Patrick Jenkins and guests discuss Germany's concession that could unblock progress towards a eurozone banking union, investor moves against Deutsche Bank chairman Paul Achkleitner, and what's behind the recent spate of personnel changes in investment banking. With special guest Lorenzo Bini Smaghi, chairman of Société Générale.

Contributors: Patrick Jenkins, financial editor, Martin Arnold, Frankfurt bureau chief, Olaf Storbeck, Frankfurt correspondent, Jonathan Guthrie, Lex editor, David Crow, banking editor, and Laura Noonan, US banking editor. Producer: Fiona Symon

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Patrick Jenkins and guests discuss the EBA report on mounting risk in the European banking system, Goldman Sachs’ first ever investment day and why the pensions of UK banking CEOs are being cut. With special guest Mario Quagliariello, director of economic analysis at the European Banking Authority.

Contributors: Patrick Jenkins, financial editor, Caroline Binham, financial regulation correspondent, Stephen Morris, European banking correspondent, Nick Megaw, retail banking correspondent and Laura Noonan, US banking editor. Producer: Persis Love

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Matthew Vincent and guests discuss what's behind HSBC's decision to cut 35,000 jobs in the US and Europe, Jes Staley's future as boss of Barclays after another regulatory probe, RBS's new name, and Deutsche Bank's disappearing compliance contractors. With special guest Philip Augar, author of The Bank that lived a little: Barclays in the age of the very free market.

Contributors: Matthew Vincent, regulation correspondent, David Crow, banking editor, Stephen Morris, European banking editor, Nicholas Megaw, retail banking correspondent, and Emma Agyemang, FT Money reporter. Producer: Fiona Symon

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Matthew Vincent and colleagues discuss the hunt for new chief executives among Europe's top banks and JPMorgan's plans to launch a digital bank in the UK. With special guest Sir Mike Rake, former CBI president, and former deputy chairman of Barclays.

Contributors: Matthew Vincent, regulation correspondent, David Crow, banking editor, Stephen Morris, European banking editor, and Nicholas Megaw, retail banking correspondent. Producer: Fiona Symon

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Greek culture taught the rest of us how to live ‑ and it’s not time to write off that particular debt yet, says Peter Aspden  

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Tidjane Thiam lends voice to call for private sector to join debt moratorium 

Heavy redemptions during coronavirus-induced sell-off  spark concerns

Stanhope co-founder and Worms family heir says Warren Buffett and 1848 inspired his new venture

Economic hit of coronavirus risks exacerbating bloc’s divergence, ECB president warns