The latest EU economic data

The latest EU economic data

Euro Area annual inflation up to -0.1% in May 2016

Euro Area annual inflation is expected to be -0.1% in May 2016, up from -0.2% in April, according to a flash estimate from Eurostat, the statistical office of the European Union

EU Inflation Graph 1

Looking at the main components of Euro Area inflation, services is expected to have the highest annual rate in May (1.0 %, compared with 0.9 % in April), followed by food, alcohol & tobacco (0.8 %, stable compared with April), non- energy industrial goods (0.5 %, stable compared with April) and energy (-8.1 %, compared with -8.7 % in April).

EU Inflation Graph 2

Euro Area unemployment in April at 10.2 % and EU28 at 8.7 %

The Euro Area (EA19) seasonally-adjusted unemployment rate was 10.2 % in April 2016, stable compared with March 2016, and down from 11.0 % in April 2015. This is the lowest rate recorded in the euro area since August 2011. The EU28 unemployment rate was 8.7 % in April 2016, down from 8.8 % in March 2016, and from 9.6 % in April 2015. This is the lowest rate recorded in the EU28 since April 2009. These figures are published by Eurostat, the statistical office of the European Union

Eurostat estimates that 21.224 million men and women in the EU28, of whom 16.420 million were in the euro area, were unemployed in April 2016. Compared with March 2016, the number of persons unemployed decreased by 106000 in the EU28 and by 63 000 in the euro area. Compared with April 2015, unemployment fell by 2.096 million in the EU28 and by 1.309 million in the Euro Area.

EU unemployment Graph 1

Among the Member States, the lowest unemployment rates in April 2016 were recorded in the Czech Republic (4.1 %), Germany (4.2 %) and Malta (4.3 %). The highest unemployment rates were observed in Greece (24.2 % in February 2016) and Spain (20.1 %).

Compared with a year ago, the unemployment rate in April 2016 fell in twenty-five Member States, remained stable in Belgium and increased in Estonia (from 6.7 % in March 2015 to 6.8 % in March 2016) and Latvia (from 9.5 % to 9.6 %). The largest decreases were registered in Cyprus (from 15.7 % to 11.6 %), Bulgaria (from 10.0% to 7.1 %) and Spain (from 22.7 % to 20.1 %).

EU unemployment Graph 2

In April 2016, the unemployment rate in the United States was 5.0 %, stable compared with March 2016, and down from 5.4 % in April 2015.

In April 2016, 4.235 million young persons (under 25) were unemployed in the EU28, of whom 2.932 million were in the euro area. Compared with April 2015, youth unemployment decreased by 495000 in the EU28 and by 261000 in the Euro Area. In April 2016, the youth unemployment rate was 18.8 % in the EU28 and 21.1 % in the Euro Area, compared with 20.7 % and 22.5% respectively in April 2015. In April 2016, the lowest rates were observed in Germany (7.0 %), Malta (8.9 %) and the Czech Republic (9.5 %), and the highest in Greece (51.4 % in February 2016), Spain (45.0 %), Croatia (38.9 % in the first quarter 2016) and Italy (36.9 %)

EU Unemployment Graph 3

EU unemployment Graph  4

EU unemployment Graph 5

http://ec.europa.eu/eurostat/en  


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