The Lastest Macroeconomic News
20.11.2006 20:15 US Economic growth is predicted to be 2,5% in 2007
U.S. economic growth slowed sharply in the third quarter, increasing at a real seasonally adjusted annual rate of 1.6% after a 2.6% increase in the second quarter, the Commerce Department said Friday. US National Association of Business Economists (NABE) predicts real GDP growth is projected to be at a 2.5% rate in the fourth quarter of 2006 and gradually ramp up to a 3% rate by the fourth quarter of 2007. US Economic growth is predicted to be 2,5% in 2007 compared to 3,3% in 2006. The NABE also reduced its anticipated profile for CPI growth in 2006, with the projected increase for this year now standing at 2.7%, compared to 3.3% in the September survey.
20.11.2006 17:53 Euro area external trade surplus 2.0 bn euro in September 2006
The first estimate for the euro area trade balance with the rest of the world in September 2006 gave a 2.0 bn euro surplus compared with +1.3 bn in September 2005. The August 20062 balance was -5.4 bn, compared with -2.9 bn in August 2005. In September 2006 compared with August 2006, exports, seasonally adjusted, rose by 2.0% while imports fell by 0.1%. The first estimate for September 2006 extra-EU25 trade was a deficit of 13.4 bn euro, compared with -9.5 bn in September 2005. In August 20062, the balance was -21.3 bn, compared with -14.7 bn in August 2005. In September 2006 compared with August 2006, exports, seasonally adjusted, rose by 1.6% while imports fell by 1.7%.