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• Industrial new orders up by 1.9% in euro area

  In December 2011 compared with November 2011, the euro area (EA17) industrial new orders index rose by 1.9%, after a fall of 1.1% in November. In the EU27 new orders increased by 1.3% in December 2011, after a decrease of 1.2% in November. Excluding ships, railway & aerospace equipment, for which changes tend to be more volatile, industrial new orders gained 2.5% in the euro area and 2.6% in the EU27. read more

• Construction output up by 0.3% in euro area

  In the construction sector, seasonally adjusted production rose by 0.3% in the euro area (EA17) and fell by 0.4% in the EU27 in December 2011, compared with the previous month. In November, production increased by 0.2% and 0.6% respectively. read more

• Euro area and EU27 GDP down by 0.3%

  GDP fell by 0.3% in both the euro area (EA17) and the EU27 during the fourth quarter of 2011, compared with the previous quarter, according to flash estimates published by Eurostat, the statistical office of the European Union. In the third quarter of 2011, growth rates were +0.1% and +0.3% respectively. read more

• Euro area external trade deficit 7.7 bn euro

  The first estimate for the euro area (EA17) trade in goods balance with the rest of the world in December 2011 gave a 9.7 bn euro surplus, compared with -1.7 bn in December 2010. The November 2011 balance was +6.3 bn, compared with -2.3 bn in November 2010. In December 2011 compared with November 2011, seasonally adjusted exports rose by 0.1% while imports fell by 0.9%. read more

• Eurostat indicators to support the detection of macroeconomic imbalances

  Eurostat, the statistical office of the European Union, publishes for the first time today the indicators of the Macroeconomic Imbalance Procedure (MIP) Scoreboard. The Scoreboard indicators provide the statistical support to the Commission's Alert Mechanism Report. The headline indicators are available on a dedicated section of the Eurostat website, which will be regularly updated as the underlying data become available. For Walter Radermacher, Director General of Eurostat, "This is a confirmation of Eurostat's role as the leading provider of high quality European statistics. For the Commission, it is very important that the statistical information used in the Alert Mechanism is compiled according to the principles of the European Statistics Code of Practice of the European Statistical System. The Code ensures the relevance, comparability and quality of the data, produced by independent statistical institutions." read more