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Actual Individual Consumption (AIC) is a measure of material welfare of households. Based on first preliminary estimates for 2014, AIC per capita expressed in Purchasing Power Standards (PPS) varied from 49% to 140% of the European Union (EU) average across the Member States.
The number of persons employed increased by 0.1% in the euro area (EA19) and by 0.3% in the EU28 in the first quarter of 2015 compared with the previous quarter, according to national accounts estimates published by Eurostat, the statistical office of the European Union. In the fourth quarter of 2014, employment increased by 0.1% in the euro area and 0.2% in the EU28. These figures are seasonally adjusted
Eurostat estimates that in 2014 carbon dioxide (CO2) emissions from fossil fuel combustion decreased by 5.0% in the European Union (EU), compared with the previous year. CO2 emissions are a major contributor to global warming and account for around 80% of all EU greenhouse gas emissions. They are influenced by factors such as climate conditions, economic growth, size of the population, transport and industrial activities. Various EU energy efficiency initiatives aim to reduce emissions of CO2 and other greenhouse gases. It should also be noted that imports and exports of energy products have an impact on CO2 emissions in the country where fossil fuels are burned: for example if coal is imported this leads to an increase in emissions, while if electricity is imported, it has no direct effect on emissions in the importing country, as these would be reported in the exporting country where it is produced.
The first estimate for euro area (EA19) exports of goods to the rest of the world in April 2015 was €173.6 billion, an increase of 9% compared with April 2014 (€159.6 bn). Imports from the rest of the world stood at €148.7 bn, a rise of 3% compared with April 2014 (€144.7 bn). As a result, the euro area recorded a €24.9 bn surplus in trade in goods with the rest of the world in April 2015, compared with +€14.9 in April 2014. Intra-euro area trade rose to €141.0 bn in April 2015, up by 2% compared with April 2014.
In April 2015 compared with March 2015, seasonally adjusted industrial production rose by 0.1% in both the euro area (EA19) and the EU28, according to estimates from Eurostat, the statistical office of the European Union. In March 2015 industrial production decreased by 0.4% and 0.1% respectively.
The international trade in services of the European Union (EU) has increased significantly over the last five years. EU exports of services to the rest of the world rose by 29%, from €568.7 billion in 2010 to €734.8 bn in 2014, while imports grew only slightly more slowly (+27%) from €458.0 bn to €583.4 bn. As a consequence, the EU trade surplus in services has steadily increased between 2010 and 2013, from €110.7 bn to €178.1 bn, before decreasing to €151.4 bn in 2014.
Among the Member States for which data are available, Sweden (29% of total government debt has a term below one year) and Bulgaria (21%) registered in 2014 the highest proportions of short-term initial maturities of debt. Italy (15%), Hungary (14%), Portugal (13%) and France (12%) also recorded shares of short-term maturity debt above 10%. At the opposite end of the scale, almost all debt was made up of long-term maturities in Poland, Estonia and Slovakia.
The 28 Member States of the European Union (EU) and the 33 Latin American and Caribbean countries of the CELAC are home to more than one billion people. CELAC countries also represent a major trading partner for the EU.
Seasonally adjusted GDP rose by 0.4% in both the euro area (EA19) and the EU28 during the first quarter of 2015, compared with the previous quarter, according to a second estimate published by Eurostat, the statistical office of the European Union. In the fourth quarter of 2014, GDP also grew by 0.4% in both areas.
In April 2015 compared with March 2015, the seasonally adjusted volume of retail trade rose by 0.7% in the euro area (EA19) and by 0.6% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In March retail trade fell by 0.6% and 0.4% respectively.
The euro area (EA19) seasonally-adjusted unemployment rate was 11.1% in April 2015, down from 11.2% in March 2015, and down from 11.7% in April 2014. The EU28 unemployment rate was 9.7% in April 2015, stable compared with March 2015 and down from 10.3% in April 2014. These figures are published by Eurostat, the statistical office of the European Union.
Euro area annual inflation is expected to be 0.3% in May 2015, up from 0.0% in April, according to a flash estimate from Eurostat, the statistical office of the European Union.
In April 2015, compared with March 2015, industrial producer prices fell by 0.1% in the euro area (EA19) and remained stable in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In March 2015 prices increased by 0.2% in the euro area and by 0.3% in the EU28.
Traditionally official statistics describe economic and social developments by using indicators such as GDP. However, today it is widely accepted that GDP alone is not enough to show how well or badly people are doing. Quality of life is indeed a broader concept which includes a full range of factors which people value in life and their subjective assessments of these factors.
After a significant decrease in 2009 following the financial crisis, the value of European Union (EU) imports of goods from Japan recovered until 2011 and then fell continuously to stand in 2014 at €54.6 bn, the lowest level recorded over the last ten years. Exports, which declined only slightly in 2009, then recovered more strongly to reach a peak of €55.7 bn in 2012, and then slightly decreased over the following years to €53.3 bn in 2014. As a result, the EU trade deficit with Japan, which had constantly been above €20.0 bn between 2004 and 2011, has considerably reduced during the last three years to be almost in balance in 2014 at -€1.3 bn.
In the European Union (EU), household electricity prices rose by 2.9% on average between the second half of 2013 and the second half of 2014 to reach €20.8 per 100 kWh. Since 2008, electricity prices in the EU have increased by more than 30%. Across the EU Member States, household electricity prices in the second half of 2014 ranged from €9 per 100 kWh in Bulgaria to more than €30 per 100 kWh in Denmark.
The EU28 seasonally adjusted external current account recorded a surplus of €15.1 billion in March 2015, compared with a surplus of €18.0 bn in February 2015 and a surplus of €7.6 bn in March 2014, according to estimates from Eurostat, the statistical office of the European Union.
In 2013, regional GDP per capita, expressed in terms of purchasing power standards, ranged from 27% of the EU28 average in the French overseas department of Mayotte, to 325% of the average in Inner London in the United Kingdom.
The Eastern Partnership was launched in 2009, as a joint initiative between the European Union (EU) and six Eastern European and South Caucasus partner countries: Armenia, Azerbaijan, Belarus, Georgia, the Republic of Moldova and Ukraine. On the occasion of the 4th Eastern Partnership summit, which will take place on 21 and 22 May in Riga, Eurostat, the statistical office of the European Union, issues some selected data on demography, economy and trade in goods for the EU, its Member States and the Eastern Partners. A selection of infographics is also available on the Eurostat website
In March 2015 compared with February 2015, seasonally adjusted production in the construction sector rose by 0.8% in the euro area (EA19) and by 1.5% in the EU28, according to first estimates from Eurostat, the statistical office of the European Union. In February 2015, production in construction dropped by 1.6% and 0.8% respectively.