Monthly Bulletin April 2008 - European Central Bank - Europa

EURO AREA
STATISTICS
Developments
outside the
euro area
9.2 In the United States and Japan
(annual percentage changes, unless otherwise indicated)
1. Economic and financial developments
Consumer Unit labour Real GDP Industrial Unemployment Broad 3-month 10-year Exchange Fiscal Gross
price index costs 1) production rate money 2) interbank zero coupon rate 4) deficit (-)/ public
(manufacturing) index as a % of deposit government as national surplus (+) debt 5)
(manufacturing) labour force rate 3) bond yield 3) currency as a % of as a % of
(s.a.) end-of- per euro GDP GDP
period
1 2 3 4 5 6 7 8 9 10 11
United States
2004 2.7 -0.2 3.6 3.1 5.5 4.7 1.62 4.80 1.2439 -4.4 48.9
2005 3.4 -0.4 3.1 4.2 5.1 4.4 3.56 5.05 1.2441 -3.6 49.2
2006 3.2 -1.5 2.9 2.8 4.6 4.8 5.19 5.26 1.2556 -2.6 48.6
2007 2.9 1.7 2.2 1.8 4.6 5.9 5.30 4.81 1.3705 . .
2007 Q1 2.4 0.9 1.5 0.9 4.5 5.4 5.36 5.27 1.3106 -3.0 49.5
Q2 2.7 2.4 1.9 1.8 4.5 6.1 5.36 5.78 1.3481 -2.7 48.3
Q3 2.4 2.8 2.8 2.2 4.7 6.3 5.45 5.34 1.3738 -3.2 48.7
Q4 4.0 0.5 2.5 2.4 4.8 5.9 5.02 4.81 1.4486 . .
2008 Q1 . . . . 4.9 . 3.26 4.24 1.4976 . .
2007 Nov. 4.3 - - 2.9 4.7 6.0 4.96 4.70 1.4684 - -
Dec. 4.1 - - 1.9 5.0 5.9 4.97 4.81 1.4570 - -
2008 Jan. 4.3 - - 2.7 4.9 5.8 3.92 4.37 1.4718 - -
Feb. 4.0 - - 2.3 4.8 6.9 3.09 4.47 1.4748 - -
Mar. . - - . 5.1 . 2.78 4.24 1.5527 - -
Japan
2004 0.0 -4.9 2.7 5.5 4.7 1.9 0.05 1.53 134.44 -6.2 157.6
2005 -0.3 -0.6 1.9 1.1 4.4 1.8 0.06 1.66 136.85 -6.4 164.2
2006 0.2 -2.6 2.4 4.8 4.1 1.1 0.30 1.85 146.02 . .
2007 0.1 . 2.0 2.7 3.8 1.6 0.79 1.70 161.25 . .
2007 Q1 -0.1 -2.2 2.9 3.0 4.0 1.0 0.62 1.85 156.43 . .
Q2 -0.1 . 1.7 2.4 3.8 1.5 0.69 2.11 162.89 . .
Q3 -0.1 . 1.9 2.7 3.8 1.9 0.89 1.88 161.90 . .
Q4 0.5 . 1.7 2.9 3.8 2.0 0.96 1.70 163.83 . .
2008 Q1 . . . . . . 0.92 1.48 157.80 . .
2007 Nov. 0.6 . - 3.0 3.8 2.0 0.91 1.73 162.89 - -
Dec. 0.7 . - 0.8 3.8 2.1 0.99 1.70 163.55 - -
2008 Jan. 0.7 . - 2.2 3.8 2.1 0.89 1.63 158.68 - -
Feb. 1.0 . - 4.2 3.9 2.3 0.90 1.60 157.97 - -
Mar. . . - . . . 0.97 1.48 156.59 - -
C37 Real gross domestic product
(annual percentage changes; quarterly)
C38 Consumer price indices
(annual percentage changes; monthly)
5
euro area
United States
Japan
5
5
6)
euro area
United States
Japan
5
4
4
4
4
3
3
3
3
2
2
2
2
1
1
1
1
0
0
0
0
-1
-1
-1
-1
-2
1999 2000 2001 2002 2003 2004 2005 2006 2007
-2
-2
1999 2000 2001 2002 2003 2004 2005 2006 2007
-2
Sources: National data (columns 1, 2 (United States), 3, 4, 5 (United States), 6, 9 and 10); OECD (column 2 (Japan)); Eurostat (column 5 (Japan), euro area chart data); Reuters
(columns 7 and 8); ECB calculations (column 11).
1) Data for the United States are seasonally adjusted.
2) Average-of-period values; M2 for US, M2+CDs for Japan.
3) Percentages per annum. For further information on 3-month interbank deposit rate, see Section 4.6.
4) For more information, see Section 8.2.
5) Gross consolidated general government debt (end of period).
6) Data refer to the changing composition of the euro area. For further information, see the General notes.
ECB
Monthly Bulletin
April 2008S 75