Monthly Bulletin April 2008 - European Central Bank - Europa

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7.5 Trade in goods (seasonally adjusted, unless otherwise indicated) 1. Values, volumes and unit values by product group Total (n.s.a.) Exports (f.o.b.) Imports (c.i.f.) Total Memo: Total Memo: Exports Imports Intermediate Capital Consumption Manufactures Intermediate Capital Consumption Manufactures Oil 1 2 3 4 5 6 7 8 9 10 11 12 13 Values (EUR billions; annual percentage changes for columns 1 and 2) 2004 9.0 9.3 1,142.6 543.5 246.5 313.7 995.1 1,076.0 604.7 184.3 257.0 771.3 129.0 2005 7.8 13.4 1,237.0 589.4 269.1 334.0 1,068.7 1,227.6 705.8 208.3 277.3 846.8 186.2 2006 11.6 13.6 1,383.5 669.5 292.7 371.5 1,182.7 1,397.2 833.7 213.3 308.3 943.4 224.3 2007 8.3 5.5 1,497.1 721.2 315.2 394.3 1,275.1 1,472.3 882.9 207.0 324.6 1,008.9 221.4 2006 Q3 8.3 10.4 347.0 169.2 71.7 92.4 296.5 353.5 213.7 52.0 77.0 236.9 59.9 Q4 12.3 7.6 362.9 176.6 76.2 97.1 312.0 356.7 212.6 53.0 79.5 246.4 52.2 2007 Q1 9.0 5.2 367.2 177.0 77.6 97.0 312.4 358.6 213.1 52.9 79.9 251.2 47.4 Q2 9.4 3.6 370.0 178.2 78.2 97.9 316.7 360.3 217.5 50.3 79.6 248.8 52.7 Q3 10.0 6.3 380.3 183.7 79.8 100.3 325.4 375.2 223.6 53.1 83.2 259.0 57.1 Q4 4.9 6.8 379.7 182.3 79.7 99.3 320.6 378.2 228.7 50.7 81.9 249.8 64.2 2007 Aug. 12.2 5.8 128.3 62.3 27.0 33.6 109.9 125.8 74.7 17.9 27.9 87.1 19.0 Sep. 4.0 3.2 126.8 60.9 27.0 33.3 109.1 124.1 73.5 17.5 28.0 86.2 18.8 Oct. 10.6 8.9 128.2 62.0 27.0 33.7 108.5 126.8 75.2 17.3 27.8 84.4 19.4 Nov. 4.7 6.7 128.0 61.1 27.1 33.2 108.7 126.2 76.5 16.9 27.4 83.5 21.2 Dec. -1.0 4.6 123.5 59.2 25.7 32.4 103.4 125.2 77.1 16.5 26.7 81.9 23.6 2008 Jan. 11.0 13.2 132.5 . . . 109.7 134.5 . . . 84.8 . Volume indices (2000 = 100; annual percentage changes for columns 1 and 2) 2004 9.5 7.0 117.4 114.9 120.2 118.5 118.6 108.1 104.1 108.8 117.6 109.0 105.0 2005 5.0 5.2 123.6 119.6 129.8 123.7 124.6 114.1 107.5 123.6 123.7 117.1 109.8 2006 7.8 6.0 133.5 130.3 138.4 133.4 134.4 121.0 114.7 126.6 132.9 126.0 109.5 2007 5.9 4.0 141.3 135.9 146.9 139.7 142.0 125.7 117.9 126.1 138.7 133.5 106.2 2006 Q3 5.3 4.7 133.8 131.4 136.7 132.4 135.0 120.5 114.9 124.4 131.7 125.8 109.7 Q4 9.5 5.9 139.4 136.4 143.7 139.4 140.6 125.2 119.0 127.7 136.8 131.0 111.8 2007 Q1 7.2 6.3 139.8 134.6 145.2 137.6 139.6 126.0 119.4 127.8 137.1 132.9 107.3 Q2 6.5 3.4 139.3 133.8 145.3 138.9 140.5 124.4 118.0 123.3 137.5 131.8 105.6 Q3 7.3 5.3 143.0 137.9 148.5 141.7 144.6 126.7 117.6 129.6 140.5 136.3 105.3 Q4 2.9 1.1 142.9 137.1 148.7 140.8 143.3 125.6 116.6 123.6 139.5 132.9 106.8 2007 Aug. 9.8 6.4 145.1 140.8 151.5 142.9 146.9 128.0 118.5 131.6 141.5 138.2 105.9 Sep. 1.5 0.7 143.1 137.0 151.2 142.0 145.8 125.2 115.7 126.7 141.3 135.8 103.6 Oct. 8.2 4.1 144.9 139.7 151.5 142.9 145.2 127.9 117.2 126.6 142.7 134.7 103.3 Nov. 2.6 0.5 144.5 137.7 152.0 141.5 146.0 125.3 116.4 123.6 140.2 133.1 103.4 Dec. -2.7 -1.7 139.3 133.9 142.6 137.9 138.7 123.6 116.4 120.7 135.6 131.1 113.6 2008 Jan. . . . . . . . . . . . . . Unit value indices (n.s.a.; 2000 = 100; annual percentage changes for columns 1 and 2) 2004 -0.1 2.7 97.6 96.6 95.7 101.2 97.3 97.4 98.3 92.3 99.0 96.3 99.6 2005 2.9 8.0 100.4 100.6 96.8 103.3 99.4 105.2 111.1 91.8 101.5 98.5 137.8 2006 3.6 7.4 104.0 104.9 98.7 106.5 102.0 113.0 123.1 91.9 105.1 101.9 166.6 2007 2.2 1.4 106.3 108.4 100.2 108.0 104.1 114.6 126.8 89.5 106.0 102.9 169.3 2006 Q3 2.9 5.6 104.1 105.2 97.9 106.7 101.9 114.7 126.0 91.1 105.9 102.6 177.3 Q4 2.6 1.5 104.5 105.7 99.0 106.6 102.9 111.5 121.0 90.5 105.3 102.4 151.6 2007 Q1 1.7 -1.0 105.4 107.5 99.8 107.9 103.8 111.4 120.9 90.3 105.6 103.0 143.6 Q2 2.7 0.2 106.5 108.8 100.5 107.8 104.5 113.3 124.9 88.9 104.9 102.8 162.1 Q3 2.5 1.0 106.7 108.8 100.3 108.3 104.4 115.9 128.7 89.3 107.3 103.5 176.3 Q4 2.0 5.7 106.6 108.7 100.1 107.9 103.7 117.8 132.8 89.4 106.4 102.3 195.3 2007 Aug. 2.2 -0.6 106.4 108.5 100.0 108.1 104.1 115.3 128.1 88.9 107.1 103.0 174.9 Sep. 2.5 2.5 106.7 109.0 100.2 107.6 104.1 116.3 129.0 90.1 107.7 103.7 176.6 Oct. 2.2 4.6 106.5 108.8 99.7 108.1 103.9 116.3 130.3 89.4 106.0 102.4 183.2 Nov. 2.0 6.1 106.6 108.8 99.7 107.8 103.6 118.2 133.5 89.6 106.3 102.5 200.1 Dec. 1.8 6.4 106.7 108.4 100.9 107.8 103.7 118.9 134.6 89.3 107.0 102.1 202.7 2008 Jan. . . . . . . . . . . . . . Source: Eurostat. S 70 ECB Monthly Bulletin April 2008
EURO AREA STATISTICS External transactions and positions 7.5 Trade in goods (EUR billions, unless otherwise indicated; seasonally adjusted) 2. Geographical breakdown Total European Union 27 (outside the euro area) Russia Switzer- Turkey United Asia Africa Latin Other land States America countries Denmark Sweden United Other EU China Japan Kingdom countries 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Exports (f.o.b.) 2004 1,142.6 25.8 42.2 204.6 133.9 35.9 66.6 31.8 172.8 225.7 40.4 33.3 64.6 40.7 98.1 2005 1,237.0 29.0 45.2 203.3 153.2 43.7 70.8 34.7 185.3 244.2 43.3 34.1 73.4 46.9 107.4 2006 1,383.5 31.7 49.8 216.8 189.8 55.1 77.2 38.8 199.8 271.7 53.7 34.5 77.7 54.4 120.7 2007 1,497.1 33.7 55.2 228.5 219.7 67.0 81.8 40.9 194.6 295.7 60.1 34.2 87.1 61.3 132.0 2006 Q3 347.0 7.9 12.6 54.6 48.2 14.1 19.4 9.7 49.5 67.9 13.6 8.6 19.2 13.5 30.3 Q4 362.9 8.2 13.2 54.7 51.1 15.7 20.8 9.7 51.1 72.0 14.8 8.7 20.0 14.2 32.2 2007 Q1 367.2 8.3 13.6 56.7 52.5 15.7 20.5 10.2 49.9 72.2 14.3 8.7 21.4 14.8 31.4 Q2 370.0 8.4 13.9 56.0 53.8 16.7 20.0 9.9 48.6 73.0 14.8 8.9 21.4 15.4 32.8 Q3 380.3 8.5 14.1 58.7 56.2 17.2 20.6 10.3 49.3 74.9 15.3 8.4 22.2 15.6 32.9 Q4 379.7 8.4 13.7 57.1 57.1 17.4 20.7 10.5 46.8 75.6 15.7 8.1 22.1 15.5 34.9 2007 Aug. 128.3 2.8 4.7 20.1 19.0 5.8 6.8 3.5 16.5 25.1 5.1 2.9 7.5 5.4 11.1 Sep. 126.8 2.8 4.6 19.1 18.8 5.7 7.0 3.5 16.5 24.9 5.2 2.7 7.3 5.1 11.5 Oct. 128.2 2.8 4.8 19.3 19.1 5.8 6.9 3.4 16.1 25.2 5.3 2.8 7.3 5.3 12.0 Nov. 128.0 2.8 4.6 19.1 19.1 5.8 7.0 3.6 15.9 25.3 5.1 2.7 7.3 5.2 12.3 Dec. 123.5 2.8 4.3 18.7 18.9 5.7 6.7 3.5 14.8 25.2 5.2 2.6 7.4 5.0 10.5 2008 Jan. 132.5 . . . . 6.1 7.0 4.0 16.4 26.1 5.8 3.0 7.6 5.3 . % share of total exports 2007 100.0 2.3 3.7 15.3 14.7 4.5 5.5 2.7 13.0 19.8 4.0 2.3 5.8 4.1 8.8 Imports (c.i.f.) 2004 1,076.0 25.4 39.8 144.9 115.5 56.6 53.4 23.2 113.4 309.3 92.4 54.1 72.9 45.2 76.5 2005 1,227.6 26.4 42.3 153.2 127.8 76.3 58.1 25.5 120.2 363.7 118.2 53.2 96.0 53.8 84.5 2006 1,397.2 28.5 47.7 167.1 152.2 95.6 62.3 29.4 125.9 418.7 144.5 57.0 110.5 66.3 93.3 2007 1,472.3 28.0 51.7 167.3 174.2 97.2 67.1 32.3 130.6 444.5 169.8 58.3 112.5 74.7 92.4 2006 Q3 353.5 7.2 12.1 41.5 38.9 24.0 16.0 7.5 31.3 105.1 35.7 14.4 28.3 16.8 24.9 Q4 356.7 7.1 12.6 40.8 40.9 22.1 15.9 7.6 32.6 108.5 40.0 14.3 27.8 17.5 23.6 2007 Q1 358.6 7.0 12.9 40.9 41.5 22.6 16.9 7.9 33.5 110.5 42.4 14.9 26.4 17.9 20.4 Q2 360.3 7.1 12.8 41.5 42.5 23.8 16.5 7.9 32.1 107.3 39.6 14.3 27.0 18.4 23.5 Q3 375.2 7.2 12.8 42.6 44.8 23.6 17.2 8.2 33.2 114.4 44.6 14.8 28.1 18.9 24.3 Q4 378.2 6.7 13.2 42.2 45.4 27.2 16.5 8.3 31.8 112.3 43.2 14.2 31.0 19.5 24.1 2007 Aug. 125.8 2.4 4.3 14.5 15.1 7.8 5.8 2.7 11.1 38.6 15.0 5.1 9.2 6.3 8.1 Sep. 124.1 2.4 4.2 13.8 15.2 7.6 5.7 2.7 11.2 37.4 14.8 4.9 9.4 6.4 7.9 Oct. 126.8 2.3 4.4 14.2 15.3 9.0 5.6 2.8 10.7 37.6 14.7 4.9 9.5 6.5 8.9 Nov. 126.2 2.3 4.5 14.1 15.3 9.1 5.5 2.8 10.8 37.0 14.3 4.6 10.1 6.6 8.2 Dec. 125.2 2.2 4.4 13.9 14.8 9.1 5.4 2.8 10.3 37.7 14.1 4.7 11.4 6.4 6.9 2008 Jan. 134.5 . . . . 9.3 5.5 2.9 11.4 39.5 15.0 4.8 11.4 6.6 . % share of total imports 2007 100.0 1.9 3.5 11.4 11.8 6.6 4.6 2.2 8.9 30.2 11.5 4.0 7.6 5.1 6.3 Balance 2004 66.6 0.4 2.4 59.7 18.4 -20.7 13.3 8.6 59.4 -83.6 -52.0 -20.8 -8.4 -4.5 21.6 2005 9.4 2.6 2.9 50.1 25.4 -32.6 12.7 9.2 65.1 -119.5 -74.9 -19.1 -22.6 -6.8 22.8 2006 -13.7 3.2 2.1 49.7 37.6 -40.5 15.0 9.4 73.9 -147.0 -90.8 -22.5 -32.8 -11.9 27.4 2007 24.8 5.6 3.5 61.2 45.5 -30.2 14.7 8.6 64.0 -148.7 -109.6 -24.1 -25.5 -13.4 39.6 2006 Q3 -6.6 0.7 0.5 13.1 9.3 -9.9 3.4 2.2 18.2 -37.2 -22.1 -5.7 -9.1 -3.3 5.5 Q4 6.2 1.1 0.6 13.9 10.3 -6.5 4.9 2.1 18.6 -36.5 -25.2 -5.6 -7.7 -3.3 8.6 2007 Q1 8.6 1.3 0.7 15.8 11.0 -6.9 3.5 2.3 16.4 -38.3 -28.1 -6.2 -5.0 -3.1 10.9 Q2 9.7 1.4 1.1 14.4 11.3 -7.1 3.6 1.9 16.6 -34.2 -24.8 -5.4 -5.5 -3.0 9.4 Q3 5.0 1.3 1.3 16.0 11.5 -6.4 3.4 2.1 16.0 -39.5 -29.2 -6.4 -6.0 -3.3 8.5 Q4 1.5 1.7 0.4 15.0 11.8 -9.8 4.2 2.2 15.0 -36.7 -27.5 -6.1 -9.0 -3.9 10.8 2007 Aug. 2.5 0.4 0.4 5.7 3.9 -2.0 1.0 0.8 5.4 -13.5 -9.8 -2.2 -1.8 -0.9 3.0 Sep. 2.7 0.4 0.3 5.3 3.6 -2.0 1.3 0.8 5.3 -12.6 -9.5 -2.2 -2.1 -1.4 3.6 Oct. 1.5 0.6 0.4 5.1 3.8 -3.2 1.3 0.7 5.4 -12.5 -9.5 -2.1 -2.2 -1.2 3.1 Nov. 1.8 0.6 0.1 5.0 3.8 -3.3 1.5 0.8 5.1 -11.7 -9.2 -1.9 -2.8 -1.4 4.1 Dec. -1.8 0.6 -0.1 4.8 4.1 -3.3 1.4 0.7 4.5 -12.5 -8.9 -2.1 -4.0 -1.4 3.6 2008 Jan. -2.0 . . . . -3.3 1.5 1.1 5.0 -13.5 -9.3 -1.8 -3.8 -1.3 . Source: Eurostat. ECB Monthly Bulletin April 2008S 71
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EN EUROPEAN CENTRAL BANK MONTHLY BU
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© European Central Bank 2008 Addre
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ABBREVIATIONS COUNTRIES LU Luxembou
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months, moderating only gradually o
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ECONOMIC AND MONETARY DEVELOPMENTS
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ARTICLES BUSINESS INVESTMENT IN THE
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Thereafter, in the early part of th
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from an investment project in order
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of fixed capital investment, but al
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ARTICLES of 2007. However, as monet
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ARTICLES Relationship between inves
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SHORT-TERM FORECASTS OF ECONOMIC AC
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designed to extract the common move
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Chart 2 Evolution of GDP forecast p
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DEVELOPMENTS IN THE EU ARRANGEMENTS
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ability to deliver results, and pro
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anking acts in line with the spirit
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There is a close interrelationship
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ARTICLES 2. In a crisis situation,
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the role of the consolidating super
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The ECB strongly supports the initi
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CONTENTS 1 EURO AREA OVERVIEW Summa
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EURO AREA OVERVIEW Summary of econo
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EURO AREA STATISTICS Monetary polic
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EURO AREA STATISTICS Monetary polic
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EURO AREA STATISTICS Money, banking
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Page 107 and 108: EURO AREA STATISTICS Money, banking
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Page 123 and 124: FINANCIAL MARKETS 4 4.1 Securities,
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Page 137 and 138: EURO AREA STATISTICS Prices, output
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Page 172 and 173: OVERVIEW Developments in key indica
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Page 176 and 177: seasonally adjusted growth rates ha
Page 178 and 179: using harmonised criteria and defin
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Page 183 and 184: ANNEXES CHRONOLOGY OF MONETARY POLI
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Monthly Bulletin April 2008 - European Central Bank - Europa

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