Dow Jones Europe

Dow Jones Europe Back to List of Indices

Dow Jones Europe Composite Index Weekly		Notes & Links
Dow Jones Europe Index Daily

Dow Jones Europe Composite Index (weekly), 20 week exponential average in green, 5 week exponential average in red, 52 week ROC (rate of change) in yellow, MACD (moving average convergence divergence) in green.

Dow Jones Europe Stock Index (daily), 20 day exponential average in green, 5 day exponential average in red, MACD (moving average convergence divergence) in green.

Europe Notes & Links:
8/31/10 Jobless rate in the Eurozone remained at 10% in July. Annual inflation in the Eurozone dropped slightly to 1.6% in August 8/23/10 A composite index of euro-area purchasing managers fell to 56.1 from 56.7 in July 7/29/10 EU economic sentiment indicator for the 16-nation currency area rose to 101.3 in July, a 28-month high, from an upwardly revised 99.0 in June. 7/14/10 EU area annual inflation was 1.4% in June, down from 1.6% MoM EU Industrial output rose by 0.9% MoM and was up 9.4% compared to May 2009 7/7/10 GDP in the EU rose 0.2% in Q1 and 0.5% YoY 7/2/10 EU unemployment rate stayed at 9.6% in May. 7/1/10 Manufacturing in the Euro zone fell from 55.8 to 55.6 in June 6/14/10 EU industrial production rose 0.5% MoM and up 7.8% YoY 6/10/10 The ECB kept its interest rate unchanged 6/7/10 Now some positive news about the Euro: A majority of economists polled in Europe said the euro, only 10 years old, is unlikely to survive for another five years. Now some positive news about the Euro: A majority of economists polled in Europe said the euro, only 10 years old, is unlikely to survive for another five years. 6/3/10 EU sales fell 1.2% MoM and down 1.6% YoY. EU purchasing managers' index fell from 57.3 to 56.4. 6/1/10 Unemployment rate for the EU was unchanged at 9.7% in April. Manufacturing in the Euro zone fell from 57.6 to 55.8 in May 4/23/10 EU industrial new orders rose 1.1% in February and 12.7% YoY 4/22/10 Manufacturing and services in the Euro area rose from 55.9 to 57.3 4/14/10 Industrial production in the EU rose 0.7% MoM and up 3.5% YoY 4/1/10 Manufacturing index in the Euro area rose from 54.2 to 56.6 in March 3/24/10 Fitch Rating Services cut the credit rating for Portugal one step to AA-. Industrial new orders in the EU fell 0.2% MoM, but rose 6.3% YoY Services and manufacturing index in the Euro area rose from 53.7 to 55.5 in March 3/17/10 EU construction output fell 2.0% in January. 3/7/10 (Bloomberg) -- Former Federal Reserve Chairman Paul Volcker said European officials are lucky that the euro region’s first major crisis was sparked by one of its smaller members and he’s confident the currency will survive. 3/1/10 (WSJ) The EU's monetary affairs commissioner said the EU is ready to support Greece, but urged the country to take further measures to shrink its budget deficit. 2/12/10 EU GDP rose 0.1% in Q4 EU industrial production fell 1.9% in January and 4.9% YoY 2/3/10 EU retail sales volume fell 0.1% MoM and 1.0% YoY. 2/2/10 YoY Producer prices in the EU fell 2.9% 2/1/10 Manufacturing in the EU rose from 51.6 to 52.4 in January 1/19/10 EU construction output fell 0.6% in November and down 6.7% YoY 1/6/10 EU industrial new orders fell 1.6% MoM and down 14.1% YoY. 1/5/10 YoY Consumer prices in the Euro area rose 0.9% in December 12/16/09 EU consumer prices rose 1.0% YoY 12/14/09 Industrial production in the EU fell 0.7% in October and down 10.2% YoY Employment in the EU fell 0 .5% in Q3 and down 2.0% YoY 12/3/09 EU GDP rose 0.3% in Q3 12/1/09 EU unemployment was unchanged at 9.8% in October. 11/24/09 Industrial new orders in the EU rose 1.7% MoM, but fell 16.4% YoY 11/18/09 EU construction output fell 1.1% 11/16/09 YoY EU consumer prices rose 0.5% in October 11/12/09 EU industrial production rose 0.2% MoM but fell 12.1% YoY. 11/4/09 Services in the Euro zone rose from 52.3 to 52.6 in October 10/27/09 The eurozone reports the first YoY fall in bank lending to the private sector of 0.3% -- strengthening the case for the ECB to maintain its ultra-loose interest rate policy. 10/23/09 EU industrial orders rose 1.2% MoM, but fell 22.3% YoY 10/21/09 (Spiegel) The European Union is funding ambitious programs aimed at monitoring human behavior in an effort to identify deviance and pick out potential terrorists. The implications for privacy are myriad. 10/20/09 Construction output in the EU fell 0.5% MoM and 11.1% YoY. 10/16/09 YoY EU exports fell 20% in August 10/15/09 Consumer prices in the EU rose0.3% YoY. 10/7/09 GDP in the EU fell 0.3% QoQ and down 4.9% YoY 10/5/09 Retail sales in the EU fell 0.3% MoM and 1.8% YoY. EU manufacturing and services rose from 50.4 to 51.1. 9/17/09 Construction output in the EU fell 1.1% MoM and 11.1% YoY 9/16/09 YoY Consumer prices in the EU rose 0.6% in August 9/14/09 EU industrial production fell 0.2% in July and 14.7% YoY 9/3/09 Retail sales in the EU rose 0.2% in July. Purchasing Managers Index in the EU rose from 50.0 to 50.4 in August 9/2/09 GDP in the EU fell 0.2% in Q2 Producer prices in the EU fell 1.0% MoM and 8.4% YoY 9/1/09 EU unemployment -rose from 8.9% to 9.0% in July 8/28/09 EU consumer confidence rose from 76 to 80.6 in August. 8/24/09 Industrial new orders in the EU fell 0.4% MoM and down 24% YoY 8/18/09 Construction output in the EU fell 3.3% MoM and down 14.1% YoY. 8/17/09 Euro Zone’s June Trade Balance out at 1.0B (1.3B expected) and 1.1B in May 8/12/09 Industrial production in the EU fell 0.2% MoM and 15.6% YoY 8/7/09 The European Central Bank and 18 other banks agreed to limit their sales of gold to no more than 400 tons per year until 2014. 7/31/09 Unemployment rate in the EU rose from 8.8% to 8.9% in June. EU July CPI fell 0.6%. (-0.4% expected) 7/23/09 Euro Zone May Current Account out at -1.2B vs. -6.1B in Apr. 7/22/09 MoM Euro Zone May Industrial New Orders fell -0.2% 7/17/09 Euro Zone May Construction Output fell -2.0% MoM. 7/15/09 Euro Zone June CPI rose 0.2% MoM. Core CPI rose 1.4% YoY 7/14/09 Industrial production in the EU rose 0.1% in May, but fell 15.9% YoY 7/6/09 Retail sales in the EU-27 fell 0.5% in May. Euro Zone July Sentix Investor Confidence fell to -31.3 from -27.0 in June 7/2/09 The unemployment rate in the EU rose from 8.7% to 8.9% in May The European Central Bank met and kept its interest rate unchanged at 1.0%. 6/25/09 Euro zone’s index of industrial new orders fell 0.5% MoM and 35% YoY 6/23/09 Euro Zone June PMI Manufacturing out at 42.4 versus 40.7 in May. Euro Zone June PMI Services out at 44.5 versus. 44.8 in May 6/22/09 The World Bank expects world GDP to fall 2.9% in 2009, worse than the 1.7% predicted in March. They expect U.S. GDP to fall 3% and 4.5% in Europe. 6/17/09 Construction output in the EU rose 0.7% in April. 6/16/09 YoY Consumer prices in the Euro area rose 0.7% in May 6/12/09 EU industrial production fell 21.6% YoY. 6/4/09 Retail sales volume in the EU area rose 0.5% MOM, but fell 1.4% YoY. 6/2/09 The unemployment rate in the EU rose from 8.4% to 8.6% in April Manufacturing index in the Euro zone rose from 36.8 to 40.7 5/28/09 Euro Zone May Consumer Confidence was steady at -31 vs. -30 expected 5/21/09 European manufacturing and services index rose from 41.1 to 43.9 5/19/09 Construction output in the EU fell 2.1% MoM and 10.5% YoY 5/15/09 GDP in the Euro area fell 2.5% QoQ and down 4.6% YoY Consumer prices in the Euro area rose 0.6% YoY 5/7/09 (Bloomberg) -- European Central Bank President Jean- Claude Trichet said the ECB unanimously agreed on a 60 billion- euro ($80.5 billion) plan to buy bonds as officials step up their response to the worst recession since World War II. The ECB lowered its interest rate from 1.25% to 1.00%. 5/6/09 Retail sales in the Eurozone fell 0.6% MoM and down 4.2% YoY Euro zone's composite index of manufacturing and services rose from 38.3 to 41.1 in April 5/5/09 YoY Producer prices in the Euro area fell 3.1% in March 4/30/09 Unemployment rate in the Euro area rose from 8.7% to 8.9% in March Consumer prices in the Euro area rose 0.6% 4/23/09 Industrial new orders in the Euro area fell 0.6% in February. Euro area composite index of services and manufacturing increased from 38.3 to 40.5 4/17/09 Construction output in the Euro area fell 1.8% MoM and 11.8% YoY. 4/16/09 Industrial production in the Euro area fell 2.3% in February and 18.4% YoY 4/2/09 The European Central Bank reduced its interest rate from 1.50% to 1.25 4/1/09 Unemployment rate in the Euro area rose from 8.3% to 8.5% in February 3/30/09 Economic sentiment in the Euro area fell from 65.3 to 64.6 in March 3/27/09 Industrial new orders in the Euro area fell 3.4% MoM and down 34% YoY 3/23/09 Construction output rose 1.3% in the Euro area but fell 9.1% YoY. 3/20/09 Industrial production in the Euro area fell 3.5% in January 3/16/09 YoY consumer prices in the Euro area rose 1.2% in February. 3/13/09 The European car market shrank 18% in February 3/5/2009 The ECB cut rates from 2.00% to a record low 1.50%, as expected. GDP in the Euro area fell 1.5% in Q4, but rose 0.8% for all of 2008. 2/27/09 Unemployment in the Euro area rose from 8.1% to 8.2% in January. Consumer prices in the Euro area rose 1.1% YoY 2/25/09 Industrial new orders in the Euro area fell 5.2% MoM and 22% YoY. YoY EU steel production fell 45.9% in January 2/11/2009 European banks sitting on £16.3 trillion of toxic assets may suffer massive losses according to a confidential Brussels document 2/5/09 The European Central Bank kept its interest rate unchanged at 2.0% 2/4/2009 Retail sales in the Euro area fell 1.6% YoY 2/3/09 Industrial producer prices in the Euro area fell 1.3% MoM. 1/30/09 Unemployment in the Euro area rose from 7.9% to 8.0%. Euro area inflation was 1.1% per cent in January – the lowest since June 1999 1/15/09 The European Central Bank cut its interest rate from 2.50% to 2.00% Consumer prices rose 1.6% in the Euro area 1/14/09 Industrial production in the Euro area fell 1.6% MoM, and 7.7% YoY. 1/8/09 Euro zone business sentiment fell to 67.1 from Novembers 74.9 - the lowest level since records started in 1990. Euro zone GDP fell 0.2% QoQ, Euro zone unemployment rate rose from 7.7% to 7.8%. 1/7/09 Euro area’s producer prices fell 1.9% MoM, but rose 3.3% YoY. 1/6/09 Inflation in the eurozone fell more than expected to 1.6% in December. 12/17/2008 YoY Consumer prices in the Euro area rose 2.1% Construction output in the Euro area rose 0.1% in October, but down 4.0 YoY 12/16/2008 Manufacturing and services index in the Euro area fell from 38.9 to 38.3 12/12/2008 Industrial output in the Euro area fell 1.2% in October and 5.3% YoY The EU will spend 200 billion Euros, 1.5% of GDP, to help the economy. 12/4/2008 The European Central Bank reduced its interest rate from 3.25% to 2.50%, GDP in the Euro area fell 0.2% QoQ, but up rose 0.6% YoY. 12/3/2008 Retail sales in the Euro area fell 0.8% MoM and 2.1% YoY Services index for the Euro zone fell from 45.8 to 42.5 12/1/08 Euro zone manufacturing fell from 41.1 to a record low of 35.6 in November. 11/25/08 The European Union is plotting a 200 billion euro stimulus plan. 11/24/08 Industrial new orders in the Euro area fell 3.9% in September. YoY orders fell 1.1%. 11/21/08 Manufacturing and services index in the Euro area dropped from 43.6 to 39.7 11/19/08 Construction output in the Euro area fell 1.3% in September. 11/14/08 GDP in the Euro area fell 0.2% in the third quarter of 2008, but rose 0.7% YoY YoY Consumer prices in the Euro area rose 3.2% in October. 11/12/08 Industrial production in the Euro area fell 1.6% in September. 11/6/08 The European Central Bank cut its rate from 3.75% to 3.25% 11/5/08 An index of services in the Euro zone fell from 48.4 to 45.6 in October. 11/5/08 Retail sales volume in the Euro area fell 0.2% MoM and down 1.6% YoY. 11/4/08 YoY producer prices in the Euro area rose 7.9% in September. 11/3/2008 Euro zone manufacturing fell from 45.0 to 41.1 in October. 10/30/08 Unemployment rate in the Euro area remained at 7.5% in September. 10/23/08 Industrial new orders in the Euro area fell 1.2% in August 10/15/08 European car sales fell 8.2% last month. BMW has begun to idle three plants - Opel has shut a factory. YoY consumer prices in the Euro area rose 3.6% in September. 10/14/08 Industrial production in the Euro area rose 1.1% in August, but fell 0.7% YoY. 10/8/2008 The ECB, Bank of England, Bank of Canada and Sweden each cut their benchmark rates by half a percentage point. The ECB's rate is now 3.75 %; Canada's 2.5%; the U.K.'s at 4.5%; and Sweden's rate at 4.25%. 10/7/2008 The EU's Central Bank, Bank of England, and the Swiss National Bank injected $70 billion to the banking system to keep the sector liquid. 10/1/2008 Unemployment for the Euro area rose from 7.4% to 7.5% in August. 9/30/08 Euro zone consumer prices rose 3.6%. 9/12/08 Industrial production in the Euro area fell 0.3% in July. 8/22/08 Industrial new orders for the Euro area fell 0.3% in June. 8/14/08 GDP in the Euro area fell 0.2% in the second quarter. YoY Consumer prices in the Euro area rose 4.0% in July. 8/7/08 The European Central Bank kept its interest rate unchanged at 4.25% 8/5/08 Retail sales volume in the Euro area fell 0.6% in June. 7/23/08 Industrial orders for the Euro area fell 3.5% in May and down 4.4% YoY. 7/16/08 YoY consumer prices in the Euro area rose 4.0% in June 7/14/08 Industrial production in the Euro area fell 1.9% in May and down 0.6% YoY 7/9/2008 GDP in the Euro area rose 0.7% QoQ and 2.1% YoY 7/3/08 The European Central Bank increased its interest rate from 4.00% to 4.25%, as expected. Retail sales in the Euro area rose 1.2% in May. 7/2/08 Producer prices in the Euro area rose 1.2% in May and up 7.1% YoY. 7/1/08 Manufacturing in the Euro area fell from 50.6 to 49.2 in June, the lowest in three years Unemployment in the Euro area stayed at 7.2% in May. 6/26/08 Industrial new orders in the Euro area rose 2.5% in April and up 11.8% YoY. 5/30/08 Unemployment rate for the Euro area remained at 7.1% in April. Consumer prices the Euro area rose 3.6% YoY 5/7/08 Retail sales volume in the Euro area fell 0.4% in March. 4/30/08 Consumer prices in the Euro area rose 3.3% YoY. 4/23/08 Industrial new orders for the Euro zone rose 0.6% in February. Euro zone index of services rose from 51.6 to 51.8 in March. 4/22/08 A member of the European Central Bank said “again” interest rates might need to be raised to fight inflationary pressures. 4/16/08 Consumer prices in the Euro area rose 3.6%YoY 4/9/08 4/9/08 GDP in the Euro area rose 2.6% in 2007. 2/14/08 GDP in the Euro zone rose 0.4% QoQ and 2.3% YoY. 2/13/08 Industrial production in the Euro area fell 0.2%. 2/6/08 Index of services in the Euro area dropped from 53.1 to 50.6. 2/5/08 Retail sales volume in the Euro area fell 0.1% in December. 2/4/08 Producer prices in the Euro area rose 0.1% in December and 4.3% YoY. 1/8/07 The unemployment rate in the Euro area unchanged at 7.2% in November. EU Producer prices rose 0.8% in November and up 4.1% YoY. 1/3/08 Euro-Zone M3 monetary total showed November YoY growth of 12.3%. 12/6/07 The European Central Bank kept its interest rate unchanged at 4.0%. 12/3/07 EU 13 unemployment fell to 7.2 % in October. 11/30/07 GDP in the euro zone rose 2.7% YoY 11/10/07 The European Commission reduced its estimate of GDP growth for the Euro area from 2.5% to 2.2% in 2008, they expect 2.1% growth in 2009. 11/10/07 Europe's central banks sold 50 tons of gold in October. 10/31/07 Unemployment rate in the Euro area dropped from 7.4% to 7.3%. 10/12/07 Industrial production in the Euro area rose 1.2% and 4.3% YoY. 10/3/07 Retail sales volume in the Euro area rose 0.1% in August, and 1.0% YoY. 9/6/07 The European Central Bank kept its interest rate unchanged at 4.0%, as expected. 8/26/07 An index of manufacturing and services in Europe fell from 57.5 to 57.2 in August. 4/24/07 Industrial new orders in the Euro area were down 0.7% MoM, and up 4.7% YoY. 4/4/07 Eurostat said that retail trade volume in the Euro area was up 1.2% YoY. 4/1/07 Inflation in the euro 13 region will probably reach 1.9 percent in March, the European Union said Friday. The unemployment rate in the Euro area fell from 7.4% to 7.3% in February. Business sentiment in the Euro area rose from 109.7 to 111.2 MoM. 3/17/03 Industrial production in the Euro area was down 0.2% in January and up 3.7% YoY. 3/6/07 Eurostat changed its estimate of 2006 real GDP growth in the Euro zone from 2.7% to 2.6%. 2/28/07 The unemployment rate in the Euro area improved from 7.5% to 7.4% in January. The inflation rate in the Euro area improved from 1.9% to 1.8% in January 1/23/07 The Conference Board leading indicators figure for December came in +0.3%, which was better than expected. 1/17/07 YoY Consumer prices in the Euro zone were up 1.9% in December. 12/15/06 YoY Consumer prices in the EU-12 were up 1.9% in November 12/14/06 EU-12 Labor costs up 2.0% YoY. 12/12/06 Euro Zone Economic Sentiment at -3.0 vs. -8.5 expected. 11/30/06 Real GDP in the EU-12 was up 0.5% QoQ and up 2.7% YoY. 11/22/06 Industrial orders in the EU-12 were down 1.3% in September. 11/3/06 The unemployment rate in the EU-12 remained unchanged at 7.8% in September. 11/2/06 Manufacturing in Europe increased from 56.6 to 57.0. 10/18/06 The Euro zone trade deficit with China rose to a record 47.6 bln Euros ($59.7 bln) in the year through July, up 24% YoY. 10/17/06 YoY consumer prices in the Euro-12 were up 1.7% in September. 10/5/06 The European Central Bank increased its interest rate from 3.00% to 3.25%. 10/4/06 YoY Retail sales volume in the EU-12 up 2.4% in August. 10/3/06 The European Aug unemployment rate rose to 7.9% from 7.8% in July, which was the first rise in the unemployment rate in nearly 3 years. 9/15/06 In the EU-12 consumer prices were up 2.3% YoY. 9/6/06 The European Commission raised its economic growth and inflation forecasts for the Euro zone for this year, and said it may also revise up 2007 growth projections in November. 8/30/06 The European Central Bank kept interest rate unchanged at 3.0%, 8/1/06 The unemployment rate in the Euro-12 improved from 7.9% to 7.8% in June while unemployment in the EU-25 improved from 8.2% to 8.1%. 7/31/06 Euro zone confidence rose to a 5-year high in July. 7/5/06 YoY retail sales in the Euro zone increased 0.8% in May. 7/3/06 The unemployment rate in the Euro zone improved from 8.0% to 7.9% in May. In the EU-25. 7/3/06 Manufacturing in the Euro zone increased from 57.0 to 57.7 in June, the highest score in six years. 6/6/06 Index of services in the Euro zone increased from 58.3 to 58.7 in May, the highest in five years. 5/17/06 YoY Consumer prices in the Euro zone were up 2.4% in April 5/8/06 The European Commission increased its estimate of 2006 GDP growth from 1.9% to 2.1% for the Euro zone, but reduced its 2007 estimate from 2.1% to 1.8%. 5/4/06 EU Euro-Zone MoM retail sales for March out at -0.8% vs. 0.1% expected. EU ECB leaves rate at 2.50% as expected. 5/3/06 The unemployment rate in the Euro zone improved from 8.2% to 8.1% in March 4/28/06 YoY the Euro zone consumer prices increased 2.4% in April . 4/20/06 The Euro zone’s consumer price was up 2.2% in March 4/12/06 European 2005 GDP was up 1.3% in the Eurozone and up 1.6% in the EU-25. 04/05/06 An index of services in Europe stayed at 58.2 in March, the highest in five years. 4/3/06 Europe's manufacturing index rose from 54.5 to 56.1 in March, the best in over five. 3/16/06 YoY consumer prices in the Euro zone were up 2.3% in February 3/6/06 Retail sales volumes in the Euro zone were up 0.9% YoY. 3/1/06 The unemployment rate in the Euro zone remained at 8.3% in January. For the EU-25, the unemployment rate was 8.5%. YoY consumer prices in the Euro zone have increased 2.3% in February. 1/19/06 YoY Consumer prices in the Euro zone were up 2.2% in December. 1/3/06 An index of manufacturing in Europe increased from 52.8 to 53.6 in December. 12/1/05 The unemployment rate in the Euro-zone was 8.3% in October. The unemployment rate for the EU-25 was 8.5%. 11/17/05 The European Commission said that the Euro-zone will grow by 1.3% this year, 1.9% in 2006, and 2.1% in 2007. 11/16/05 EuroZone CPI for October at 0.3% as expected. 11/15/05 GDP in the Euro zone was up 0.6% in the third quarter and up 1.5% YoY. For the EU-25, GDP was up 0.6% in the third quarter and up 1.6% YoY. 11/14/05 European Central Bank policymakers issued warnings on inflationary dangers in the euro zone on Monday with two central bankers saying the ECB should raise interest rates before prices surge. 11/14/05 YoY Retail sales in the Euro zone were up 0.9% in September. 10/13/05 GDP in the Euro zone was up 0.3% in the second quarter and up 1.1% YoY. 10/5/05 An index of services in the Euro zone increased from 53.4 to 54.7 in September, stronger than expected 08/04/05 The European Central Bank kept its interest rate unchanged at 2.0%. 08/03/05 An index of services in the Euro zone increased from 53.1 to 53.5 in July. 08/01/05 An index of manufacturing in the Euro zone improved from 49.9 to 50.8 in July, the highest in five months. 07/05/05 An index of retail sales in the Euro zone dropped from 50.1 to 49.2 in June. 06/20/05 Members of the European Union failed to agree on a new seven-year budget over the weekend. 06/01/05 The purchasing managers index for the eurozone, fell from 49.2 in April to a 22-month low of 48.7 in May. A figure below 50 represents contraction. 05/24/05 The Organization for Economic Cooperation and Development (OECD) reduced its 2005 growth forecast for the Euro zone from 1.9% to 1.2% . 05/04/05 The European Central Bank kept its interest rate unchanged at 2.0%, as expected. The rate has not moved for almost two years. 04/13/05 The IMF said that they expect real economic growth in 2005 and 2006 for the Euro area to be 1.6% and 2.3%. 03/04/04 The EU-25 unemployment rate dropped from 8.9% to 8.8%. 03/03/05 An index of services in the Euro-zone dropped from 53.4 to 53.0 in February. 02/28/05 Consumer prices in the Euro-zone were up 1.9% in January from a year ago, the lowest increase in ten months. 02/15/05 GDP in the Euro-zone was up 0.2% in the fourth quarter and up 1.6% YoY, less than expected. For all of 2004, GDP was up 2.0% in the Euro-zone and up 2.3% in the EU-25. 02/03/05 The unemployment rate in the Euro zone increased from 8.8% to 8.9% in December. For the EU-25, the unemployment rate remained at 8.9%. The European Central Bank met and kept the interest rate at 2.00% for the 20th consecutive month. 01/31/05 An index of business confidence in Europe dropped from -4 to -5 in January. 01/14/05 Car sales in western Europe were up 2.1% in 2004 to 14.2 million vehicles, the first annual increase in three years. 01/11/05 President Trichet of the European Central Bank said that he expects the world economy to grow 4% in 2005. 01/11/05 An index of investor confidence in Germany increased from 14.4 to 26.9 in January, stronger than expected. 01/06/05 An index of business confidence in the Euro-zone dropped from -3 to -4 in December, weaker than expected. 01/05/05 An index of services in the Euro-zone was unchanged in December at 52.6. 01/04/05 Eurostat said that YoY inflation in the Euro-zone was up 2.3% in December. 01/03/05 An index of manufacturing in the Euro zone increased from 50.4 to 51.4 in December. 12/22/04 Industrial orders in the Euro-zone were up 0.2% in October and up 0.6% YoY. 12/06/04 An index of retail sales in the Euro-zone fell from 48.3 to 48.0 in November. 12/03/04 An index of services in the Euro-zone dropped from 53.5 to 52.6 in November, the slowest rate of expansion in over a year. 12/01/04 The European Central Bank reduced its growth estimate for 2005 from 2.3% to 1.9%. 12/01/04 GDP in the Euro-zone was up 0.3% in the third quarter and up 1.8% YoY. 12/01/04 YoY Consumer prices in the Euro-zone are up 2.2% in November. 12/01/04 The unemployment rate in the Euro-zone remained at 8.9% in October. 11/23/04 The euro rose to a record against the US dollar for the sixth time this month after Russia’s central bank said it is looking to increase its single currency reserves. 11/17/04 Consumer prices in the Euro-zone were up 2.1% in September and up 2.4% year over year. Industrial production was up 0.5%. 11/12/04 The GDP in the Euro zone was up .3% in the third quarter and up 1.9% from a year ago. 10/18/04 Consumer prices in the Euro zone were up 2.1% in September from a year ago, down from the 2.3% increase in August. 10/14/04 The European Union reduced its 2005 growth forecast from 2.3% to 2.1%, due to high oil prices having a negative impact on the economy. 10/01/04 Index of purchasing managers in Europe fell from 53.9 to 53.1 in September. 09/30/04 Year over year Consumer prices in the Euro zone were up 2.2% in September. 09/22/04 European Central Bank President Jean-Claude Trichet said that he expects GDP in the Euro zone to be up 1.9% this year and 2.8% in 2005. 09/21/04 The Organization for Economic Cooperation and Development 2004 forecast growth for the Euro zone up from 1.6% to 2.0%. 09/07/04 GDP in the Euro zone was up .5% in the second quarter and up 2.0% year over year. 05/26/04 Axel Weber, the new president of Germany's Bundesbank said that the Euro zone's current 2.0% interest rate is not standing in the way of economic growth.