EUROPEAN COMMISSION DAILY NEWS – 24 OCTOBER

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EUROPEAN COMMISSION DAILY NEWS - 24 OCTOBER
24 Oct 2016

EUROPEAN COMMISSION DAILY NEWS – 24 OCTOBER

Brussels Daily

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EU agri-food trade figures in August 2016 show increase in pig meat exports

The monthly value of EU agri-food exports in August 2016 reached €10.6 billion, exceeding the export values in August of previous years. Highest increases in monthly export values (August 2016 compared to August 2015) were recorded for the USA (€+221 million) and China (€+106 million). Also, agri-food exports to other Asian countries (Vietnam, Japan, South Korea) increased by €50 million or more each. Exports of pork and infant formula did particularly well compared with August 2015 while exports went down for milk powder and raw hides and skins. Analysing the EU export performance over the last twelve months per product category, export values increased in particular for pig meat (€+1.2 billion; +31% compared to export values in the 12-months period one year ago). Agri-food imports from third countries also increased in value over the last 12 months, most particularly for Ivory Coast (+21%), Argentina (+7%), Peru (+14%) and Australia (+12%). All figures for August 2016 and the 12-months period can be found online.

 

Eurostat: Government debt fell to 91.2% of GDP in euro area

At the end of the second quarter of 2016, the government debt to GDP ratio in the euro area (EA19) stood at 91.2%, compared with 91.3% at the end of the first quarter of 2016. In the EU28, the ratio decreased from 84.5% to 84.3%. Compared with the second quarter of 2015, the government debt to GDP ratio fell in both the euro area (from 92.1% to 91.2%) and the EU28 (from 87.5% to 84.3%).A press release is available here.

 

Eurostat: Seasonally adjusted government deficit down to 1.5% of GDP in the euro area

In the second quarter of 2016, the seasonally adjusted general government deficit to GDP ratio stood at 1.5% in the euro area (EA19), a slight decrease compared with 1.6% in the first quarter of 2016. In the EU28, the deficit to GDP ratio stood at 1.8%, a slight decrease compared with 1.9% in the previous quarter.A press release is available here.

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BXL MONDAY Daily News 24 – 10 -2016

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