Crisis: reverses the German GDP, European stocks drop – ANSA.it

Crisis: reverses the German GDP, European stocks drop – ANSA.it

The German GDP moves back by 0.2% in the second quarter of 2014 compared to the previous quarter. The figure is worse than expected indicating a possible decrease of -0.1%. Growth in the first quarter of 2013 compared to the last was revised from +0.8 to +0.7%. With the second quarter released today by Statistics German economy in Germany loses for the first time since 2012.

“For Germany, one of the reasons for the slowdown is probably due to the very mild during the winter season, which led to a high rate of growth at the beginning of the year and marked a fall mainly in construction, especially in the second quarter. Moreover, exports rose less than imports, For this reason the external trade had a negative effect on growth., but domestic demand has grown, “so a spokesman for the EU Commission on the German GDP.

Bags: Europe suffers GDP Germany, Milan worse by 0.7% – European stock exchanges and futures Use in red, except for London (+ 0.1%), before the bridge mid-August after the unexpected decline in German GDP. Makes the cost especially Milan (FTSE Mib -0.81%), more cautious instead Frankfurt (-0.26%), Paris (-0.35%) and Madrid (-0.42%). Minus sign for Rio Tinto (-1.81%), Glencore (-1.4%) BBVA (-1.18%) and LVMH (-1.13%). Fiat down (-1%), well Renault (+ 0.9%) and Banco Comercial Portugues (+ 2.3%). Unicredit down (-1.58%), Intesa (-1.2%), Deutsche Bank (-1.15%) and BNP (-1%).

France, Sapin : expected 0.5% in 2014, loosen restrictions Ue – The French Finance Minister Michel Sapin estimated that the growth will stop in France in 2014 to 0.5% of GDP, half the target previously estimated at 1%. He told Le Monde soliciting responses from Europe, the strengthening of the ECB at a budget adaptation of the rules of the economic situation, and greater flexibility with respect to the constraints on public finances.

2 quarter GDP up 0.6%, more than expected – Portugal in the second quarter GDP growth of 0.6% compared to the previous quarter (up 0.8% on year). The data, released by the Statistical Office, exceeds analysts’ forecasts for 0.5% and 0.7% respectively.

Eurostat, second quarter GDP firm, up 0.7% on year – The eurozone GDP remains unchanged in the second quarter of 2014, with 0.7% on the year. So the first Eurostat’s flash estimate. In the EU-28 grew by 0.2% and 1.2% compared to the second quarter of 2013 in the first quarter grew by 0.2% in the EU-18 and 0.3% in the EU-28. Italian GDP to -0.2%. According to the estimate in the second quarter of Spain’s GDP grows by 0.6% after 0.4% in the first quarter, scoring 1.2% on the year. France remains the pole for the second time, with 0.1 on the year, while Germany, marks -0.2% after +0.7% in the first quarter and 1.3% on the year.

EU: Eurozone recovery remains fragile, now make reforms – “We are facing a mixed picture, and as we have always stressed the nature of the recovery is fragile. The data must be considered in a economic framework for the medium term and it is important to implement reforms, “is how the EU GDP in the Eurozone. It should be noted that the GDP of Spain and Portugal, Pasi who made them, are growing.

EU: EU-18 sound foundation for moving forward shooting – “The current adjustment Eurozone is a story of profound structural change. There are sound foundations for the recovery proceeds. Developments situations abroad may increase uncertainty, but our foundations remain intact, “as a spokesman for the Commission on the results of the GDP Eurozone.