3/6/14

Euro area annual inflation down to 0.5%


Flash estimate - May 2014
Euro area annual inflation down to 0.5%



Euro area1 annual inflation2 is expected to be 0.5% in May 2014, down from 0.7% in April3, according to a flash estimate4 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 May (1.1%, compared with 1.6% in April), followed by food, alcohol & tobacco (0.1%, compared with 0.7% in April), non-energy industrial goods (0.0%, compared with 0.1% in April) and energy (0.0%, compared with -1.2% in April).
Euro area annual inflation, May 2014, %
Euro area annual inflation and its components, %
Weight (‰) 2014
May 2013
Dec 2013
Jan 2014
Feb 2014
Mar 2014
Apr 2014
May 2014
All-items HICP
1000.0
1.4
0.8
0.8
0.7
0.5
0.7p
0.5e
All-items excluding:
energy
891.9
1.6
1.0
1.0
1.1
0.8
0.9p
0.6e
energy, food, alcohol & tobacco
694.4
1.2
0.7
0.8
1.0
0.7
1.0p
0.7e
Food, alcohol & tobacco
197.6
3.2
1.8
1.7
1.5
1.0
0.7p
0.1e
Energy
108.1
-0.2
0.0
-1.2
-2.3
-2.1
-1.2p
0.0e
Non-energy industrial goods
266.6
0.8
0.3
0.2
0.4
0.2
0.1p
0.0e
Services
427.8
1.5
1.0
1.2
1.3
1.1
1.6p
1.1e
e = estimate p = provisional

  1. The euro area consists of Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Italy, Cyprus, Latvia, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland.
  2. Annual inflation is the change of the price level between the current month and the same month of the previous year. For further information on the euro area inflation flash estimate, see the Statistics Explained article on the Eurostat website:
  1. See News Release 77/2014 of 15 May 2014.
  2. The euro area inflation flash estimate is issued at the end of each reference month. The complete set of harmonised indices of consumer prices (HICP) for the euro area, EU and Member States is released around the middle of the month following the reference month. The next release with full data for May 2014 is scheduled for 16 June 2014.




Issued by Eurostat Press Office

Tim ALLEN
Tel: +352-4301-33 444

For further information on data:

Svetoslava PAVLOVA
Tel: +352-4301-34 406

BEI/14/83
3 June 2014

April 2014
Euro area unemployment rate at 11.7%

EU28 at 10.4%


The euro area1 (EA18) seasonally-adjusted2 unemployment rate3 was 11.7% in April 2014, down from 11.8% in March 20144, and from 12.0% in April 2013. The EU281 unemployment rate was 10.4% in April 2014, down from 10.5% in March 20144, and from 10.9% in April 2013. These figures are published by Eurostat, the statistical office of the European Union.
Eurostat estimates that 25.471 million men and women in the EU28, of whom 18.751 million were in the euro area, were unemployed in April 2014. Compared with March 2014, the number of persons unemployed decreased by 151 000 in the EU28 and by 76 000 in the euro area. Compared with April 2013, unemployment fell by 1.167 million in the EU28 and by 487 000 in the euro area.
Member States
Among the Member States, the lowest unemployment rates were recorded in Austria (4.9%), Germany (5.2%) and Luxembourg (6.1%), and the highest in Greece (26.5% in February 2014) and Spain (25.1%).
Compared with a year ago, the unemployment rate fell in eighteen Member States, remained stable in two and increased in eight. The largest decreases were registered in Hungary (10.6% to 7.8% between March 2013 and March 2014), Portugal (17.3% to 14.6%) and Ireland (13.7% to 11.9%), and the highest increases in Cyprus (15.6% to 16.4%) and the Netherlands (6.5% to 7.2%).
In April 2014, the unemployment rate in the United States was 6.3%, down from 6.7% in March 2014, and from 7.5% in April 2013.
Youth unemployment
In April 2014, 5.259 million young persons (under 25) were unemployed in the EU28, of whom 3.381 million were in the euro area. Compared with April 2013, youth unemployment decreased by 415 000 in the EU28 and by
202 000 in the euro area. In April 2014, the youth unemployment rate5 was 22.5% in the EU28 and 23.5% in the euro area, compared with 23.6% and 23.9% respectively in April 2013. In April 2014, the lowest rates were observed in Germany (7.9%), Austria (9.5%) and the Netherlands (11.0%), and the highest in Greece (56.9% in February 2014), Spain (53.5%) and Croatia (49.0% in the first quarter of 2014).
  1. The euro area (EA18) includes Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Italy, Cyprus, Latvia, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland.
The EU28 includes Belgium (BE), Bulgaria (BG), the Czech Republic (CZ), Denmark (DK), Germany (DE), Estonia (EE), Ireland (IE), Greece (EL), Spain (ES), France (FR), Croatia (HR), Italy (IT), Cyprus (CY), Latvia (LV), Lithuania (LT), Luxembourg (LU), Hungary (HU), Malta (MT), the Netherlands (NL), Austria (AT), Poland (PL), Portugal (PT), Romania (RO), Slovenia (SI), Slovakia (SK), Finland (FI), Sweden (SE) and the United Kingdom (UK).
The tables also include Iceland, Norway and the United States.
  1. Non-seasonally adjusted and trend data can be found in the statistical database on the Eurostat website. For further details please refer to the Unemployment statistics article in Statistics Explained:
  1. Eurostat produces harmonised unemployment rates for individual EU Member States, the euro area and the EU. These unemployment rates are based on the definition recommended by the International Labour Organisation (ILO). The measurement is based on a harmonised source, the European Union Labour Force Survey (LFS).
Based on the ILO definition, Eurostat defines unemployed persons as persons aged 15 to 74 who:
- are without work;
- are available to start work within the next two weeks;
- and have actively sought employment at some time during the previous four weeks.
The unemployment rate is the number of people unemployed as a percentage of the labour force. The labour force is the total number of people employed plus unemployed. In this news release unemployment rates are based on employment and unemployment data covering persons aged 15 to 74.
  1. The data in this News Release are normally subject to small revisions, caused by the updates to the seasonally adjusted series whenever new monthly data are added. Larger revisions can occur when the most recent LFS data are included in the calculation process. Compared with the rates published in News Release 70/2014 of 2 May 2014, the March 2014 unemployment rates for the EA18 and the EU28 are unchanged. Among Member States, rates have been revised between 0.2 and 0.4 percentage points for Ireland, Poland and Portugal. The revision for Portugal also reflects the inclusion of the latest Census results in the weighting of the LFS. The rates have been revised downwards by 0.5 percentage points for Cyprus and upwards by 1.1 percentage points for Lithuania.
  2. The youth unemployment rate is the number of people aged 15 to 24 unemployed as a percentage of the labour force of the same age. Therefore, the youth unemployment rate should not be interpreted as the share of jobless people in the overall youth population. For further details please refer to the Youth unemployment article in Statistics Explained:
  1. Latvia: quarterly data for all series.
Croatia, Cyprus, Romania and Slovenia: quarterly data for youth unemployment.
  1. For Germany, the Netherlands, Austria, Finland and Iceland the trend component is used instead of the more volatile seasonally adjusted data.
  2. For Denmark, Estonia, Hungary and the United Kingdom 3-month moving averages of LFS data are used instead of pure monthly indicators.


Issued by: Eurostat Press Office

Tim ALLEN

Tel: +352-4301-33 444



Eurostat news releases on internet:

For further information on data:

Sammy LAURITSEN
Tel: +352-4301-35 742

Hubertus VREESWIJK

Tel: +352-4301-34 323



Selected Principal European Economic Indicators: http://ec.europa.eu/eurostat/euroindicators
Follow Eurostat on Twitter: http://twitter.com/EU_Eurostat
Seasonally adjusted unemployment, totals
Rates (%)
Number of persons (in thousands)
Apr 13
Jan 14
Feb 14
Mar 14
Apr 14
Apr 13
Jan 14
Feb 14
Mar 14
Apr 14
EA18
12.0
11.8
11.8
11.8
11.7
19 238
18 908
18 858
18 827
18 751
EU28
10.9
10.6
10.5
10.5
10.4
26 638
25 807
25 681
25 622
25 471
Belgium
8.4
8.5
8.5
8.5
8.5
415
419
418
420
423
Bulgaria
13.0
13.1
13.0
13.0
12.8
440
441
438
438
431
Czech Republic
7.1
6.7
6.6
6.6
6.5
378
353
348
351
341
Denmark8
7.0
7.0
6.9
6.6
6.5
201
201
198
188
186
Germany7
5.3
5.2
5.2
5.2
5.2
2 276
2 210
2 213
2 220
2 225
Estonia8
8.8**
8.2
7.8
7.7
:
60**
55
52
51
:
Ireland
13.7
12.1
12.1
12.0
11.9
296
260
260
257
256
Greece
26.7*
26.6
26.5
:
:
1 315*
1 308
1 300
:
:
Spain
26.3
25.4
25.3
25.2
25.1
6 112
5 839
5 779
5 760
5 721
France
10.3
10.3
10.4
10.4
10.4
3 033
3 028
3 046
3 051
3 038
Croatia
16.8
17.4
17.4
17.2
16.8
283
292
292
290
284
Italy
12.0
12.7
12.7
12.6
12.6
3 077
3 240
3 237
3 230
3 216
Cyprus
15.6
16.2
16.4
16.9
16.4
69
72
73
75
72
Latvia6
12.7***
11.5
11.5
11.5
:
118***
116
116
116
:
Lithuania
12.3
11.4
11.7
11.9
11.2
180
168
173
177
166
Luxembourg
5.7
6.1
6.1
6.1
6.1
14
16
15
16
16
Hungary8
10.6**
8.2
7.9
7.8
:
464**
367
354
352
:
Malta
6.2
6.9
6.9
6.9
6.8
12
13
13
13
13
Netherlands7
6.5
7.1
7.3
7.2
7.2
580
634
649
642
636
Austria7
4.9
5.0
4.9
4.9
4.9
212
220
217
215
215
Poland
10.6
10.0
9.9
9.8
9.7
1 834
1 742
1 734
1 713
1 692
Portugal
17.3
15.0
14.9
14.8
14.6
900
775
768
760
753
Romania
7.3
7.3
7.2
7.2
7.1
734
730
721
724
702
Slovenia
10.7
9.8
9.7
9.6
9.6
107
97
96
95
95
Slovakia
14.2
14.0
14.0
14.0
14.0
385
381
381
381
383
Finland7
8.1
8.4
8.4
8.4
8.5
218
224
225
226
227
Sweden
8.3
8.2
8.1
8.1
8.2
422
421
418
416
421
United Kingdom8
7.8*
6.7
6.6
:
:
2 480*
2 185
2 145
:
:
Iceland7
5.6**
5.4
5.4
5.4
:
10**
10
10
10
:
Norway
3.7**
3.5
3.5
3.3
:
95**
96
95
91
:
United States
7.5
6.6
6.7
6.7
6.3
11 579
10 212
10 409
10 444
9 681
: Data not available * February 2013 ** March 2013 *** Q1 2013
Seasonally adjusted youth (under 25s) unemployment

Rates (%)
Number of persons (in thousands)
Apr 13
Jan 14
Feb 14
Mar 14
Apr 14
Apr 13
Jan 14
Feb 14
Mar 14
Apr 14
EA18
23.9
23.8
23.6
23.6
23.5
3 583
3 472
3 429
3 417
3 381
EU28
23.6
22.9
22.6
22.6
22.5
5 674
5 409
5 336
5 307
5 259
Belgium
23.4
24.2
24.1
23.9
23.6
98
98
97
96
95
Bulgaria
29.1
27.9
27.8
27.7
27.2
70
60
59
58
56
Czech Republic
19.8
17.8
16.5
16.4
16.4
74
63
59
59
58
Denmark8
12.5
13.8
13.4
12.8
12.4
55
60
58
55
53
Germany7
7.7
7.9
7.9
7.9
7.9
348
346
345
343
341
Estonia8
17.5
19.4
16.2
17.2
:
11
11
9
10
:
Ireland
27.9
26.4
26.3
25.4
24.3
60
54
53
50
47
Greece
58.8
56.7
56.9
:
:
181
165
163
:
:
Spain
55.5
54.3
53.7
53.7
53.5
969
900
874
866
852
France
25.2
23.6
23.6
23.4
23.2
715
663
661
656
649
Croatia6
50.5
49.0
49.0
49.0
:
76
73
73
73
:
Italy
39.4
42.9
42.7
42.9
43.3
644
690
677
686
685
Cyprus6
39.6
42.3
42.3
42.3
:
16
18
18
18
:
Latvia6
21.2
19.7
19.7
19.7
:
19
18
18
18
:
Lithuania
22.6
20.7
21.1
21.2
19.6
28
26
27
28
26
Luxembourg
17.5
17.4
17.2
17.0
17.0
3
3
3
3
3
Hungary8
27.7
22.5
20.6
20.0
:
84
72
67
65
:
Malta
13.6
12.8
12.7
12.8
12.7
4
4
4
4
4
Netherlands7
10.6
11.1
11.5
11.3
11.0
152
156
162
157
153
Austria7
8.3
10.4
9.9
9.6
9.5
49
62
58
56
55
Poland
27.4
26.1
25.6
25.1
24.6
413
393
387
377
368
Portugal
40.3
35.4
35.9
36.3
36.1
157
135
138
140
141
Romania6
23.6
24.1*
:
:
:
189
191*
:
:
:
Slovenia6
23.4
19.6
19.6
19.6
:
18
13
13
13
:
Slovakia
33.5
32.8
32.6
32.7
32.9
74
68
68
69
69
Finland7
20.0
20.3
20.5
20.6
20.7
67
67
68
68
68
Sweden
24.1
23.0
23.7
23.6
24.3
161
154
161
155
165
United Kingdom8
20.9
18.7
18.4
:
:
941
843
826
:
:
Iceland7
11.5
10.4
10.4
10.5
:
4
3
3
3
:
Norway
8.6
8.7
7.9
7.8
:
33
33
29
29
:
: Data not available * Q4 2013
Seasonally adjusted unemployment rates (%), by gender
Males
Females
Apr 13
Jan 14
Feb 14
Mar 14
Apr 14
Apr 13
Jan 14
Feb 14
Mar 14
Apr 14
EA18
11.9
11.7
11.7
11.7
11.7
12.1
12.0
11.9
11.9
11.8
EU28
10.9
10.5
10.5
10.4
10.4
11.0
10.7
10.6
10.5
10.5
Belgium
8.6
8.8
8.7
8.7
8.7
8.2
8.2
8.1
8.2
8.3
Bulgaria
14.1
14.0
13.9
13.8
13.7
11.8
12.1
12.0
12.0
11.8
Czech Republic
6.2
5.5
5.5
5.6
5.5
8.3
8.2
7.9
8.0
7.6
Denmark8
6.6
6.6
6.3
6.1
6.1
7.4
7.4
7.5
7.0
6.9
Germany7
5.7
5.5
5.5
5.6
5.6
5.0
4.8
4.8
4.8
4.7
Estonia8
8.4
8.6
8.4
8.5
:
8.4
7.8
7.3
6.9
:
Ireland
15.7
13.6
13.8
13.7
13.5
11.3
10.1
10.0
9.9
10.0
Greece
24.2
23.9
23.8
:
:
31.4
30.1
30.0
:
:
Spain
25.7
24.8
24.7
24.6
24.5
27.0
26.1
25.9
26.0
25.9
France
10.4
10.3
10.3
10.4
10.4
10.2
10.4
10.4
10.4
10.3
Croatia
17.7
17.5
17.5
17.3
17.1
15.8
17.3
17.3
17.0
16.4
Italy
11.3
12.0
12.1
12.0
12.1
13.1
13.7
13.5
13.5
13.3
Cyprus
16.2
17.1
17.4
18.1
17.4
15.0
15.3
15.4
15.6
15.3
Latvia6
12.4
12.8
12.8
12.8
:
11.0
10.2
10.2
10.2
:
Lithuania
13.9
12.5
12.8
12.9
12.2
10.6
10.3
10.6
10.8
10.2
Luxembourg
5.3
5.6
5.5
5.5
5.6
6.2
6.9
6.8
6.9
6.8
Hungary8
10.5
7.9
7.6
7.6
:
10.5
8.6
8.3
8.1
:
Malta
6.0
7.1
7.1
7.1
6.9
6.6
6.5
6.5
6.6
6.5
Netherlands7
6.9
7.4
7.6
7.4
7.3
6.0
6.8
6.9
7.1
7.0
Austria7
4.9
4.9
4.9
5.0
4.9
4.8
5.1
5.0
4.8
4.8
Poland
9.9
9.4
9.4
9.3
9.2
11.4
10.6
10.5
10.4
10.3
Portugal
17.3
14.9
14.9
14.8
14.7
17.3
15.2
14.9
14.7
14.6
Romania
7.9
7.8
7.7
7.8
7.7
6.7
6.5
6.6
6.4
6.3
Slovenia
10.3
9.1
9.0
8.8
8.8
11.1
10.5
10.6
10.6
10.6
Slovakia
13.8
14.3
14.3
14.3
14.3
14.7
13.6
13.6
13.6
13.7
Finland7
8.8
8.9
9.0
9.0
9.0
7.4
7.8
7.8
7.8
7.8
Sweden
8.8
8.4
8.3
8.3
8.1
7.7
7.9
7.9
7.8
8.3
United Kingdom8
8.2
7.1
6.9
:
:
7.1
6.4
6.3
:
:
Iceland7
5.9
5.7
5.6
5.6
:
5.2
5.1
5.1
5.1
:
Norway
3.7
3.6
3.5
3.4
:
3.2
3.5
3.5
3.3
:
: Data not available

Αναρτήθηκε από στις