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November 21, 2008  

 

FRENCH PRESIDENCY OF EUROPEAN UNION EFFECTIVE JULY 1, 2008

six month term agenda will focus on the environment, immigration, and defense  

 

- - PEUGEOT announced a 3500 staff reduction plan through buy out packages

- - European Commission announced new COMMON AGRICULTURAL POLICY measures: investment aid for young farmers under Rural Development will be increased from €55,000 to €70,000; the requirement for arable farmers to leave 10 percent of their land fallow is abolished;milk quotas will expire by April 2015 and a  'soft landing' is ensured by increasing quotas by one percent every year between 2009/10 and 2013/14

- - RENAULT announced production reductions in answer to the rough decline of the automotive market: the scheduling of Days Not Worked (DNWs) includes in France, the Flins plant temporary closure from Nov 20th to Dec 3rd, and STA Ruiz from Dec 10th to Jan 3rd;in Romania, the Dacia Pitesti plant will temporarily close from Nov 20th to Dec 7th; in Spain, the Valladolid assembly plant will stop production for 11 days, and the Palencia plant will stop production for 7 days in November and 7 days in December. As per union rules, workers will be paid 85% of salary

 - - CONSTRUCTION OUTPUT fell -1.3% in the Euro area and -1.7% in the EU 27:  constructions dipped -0.4% in France and -1.7% in Germany compared with the previous month according to Eurostat. The strongest construction production gaps were recorded in the UK -8.5% and in Spain -7.8% Buildings and Civil Engineering works were impacted as well, with production down respectively -1.5% and -1% in the Euro area and -2.3% and -3% in the EU 27. In one year production dipped -3.8% in the Euro area and -3.1% in the EU 27. Spain's -24.1% and Sweden's -19.8% observed the strongest declines. France's construction output decreased by 1.1%  

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INFLATION RATES FRANCE & EURO AREA  OCTOBER EURO area : 3.2% flash estimate Eurostat

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HOUSEHOLD CONSUMPTION of manufactured products rescind in OCTOBER  more

COMPANY CREATIONS dip -1.1% in OCTOBER more

NEW PASSENGER CAR REGISTRATIONS tumble -14.5% in OCTOBER in western Europe more

ECONOMIC SENTIMENT INDICATOR plummets in OCTOBER main indices fall below long-term average. Nordic states no exception  more

CONSUMER CONFIDENCE reaches new record lows in OCTOBER more

 

        

Source: Insee

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                                                                   ANALYSES   &   SURVEYS                                                                      

 

CONSUMER CONFIDENCE INDICATORS   Jan 2008 Feb 2008 March 2008 May 2008 June 2008 July 2008 Sept 2008 Oct 2008   Dec 07 Nov 07 Sept 07 

 

ECONOMIC CONFIDENCE INDICATORS  Jan 2008  Feb 2008 April 2008 July 2008 Sept 2008 Oct 2008 Jan-Feb 2007   May 2007  June 2007  July 2007  Oct. 2007  Dec. 2007

 

ECONOMIC SLOW DOWN IN GRAPHS Q2/08 major Euro area Economies and EU 27 

 

IMPORTED RAW MATERIALS INDICES  Q1 2008  Q2 2008 Feb 2008  March 2008 April 2008 May 2008 June 2008 July 2008  Aug 2008  Sept 2008 Oct 2008

 Q1 2003 - Q1 2007 Q4 2007 Q1 2005  Q2 2005 Q3 2005    Q1 2004  Q2 2004  Q3 2004  Q4 2004      

 

INDUSTRIAL PRODUCER PRICES Q1 2008 Q2 2008 Q2 2007  Q3 2007  Q4 2007  Sept 2006  Q1 2005  Q2 2005  Q1 2004  Q2 2004  Q3 2004  Q4 2004

 

INDUSTRIAL OUTPUT Index  Q1 2008 Q2 2008  Q1 2007  Q2 2007  Q3 2007  July 2007 Q4 2007 Q1 2006  Q2 2006  Q3 2006  Q4 2006  

Q1 2005  Q2 2005  Q3 2005  Q4 2005  Q2 2004  Q3 2004   Q4 2004    2004 - 2006   

 

EXTERNAL TRADE  Q1 2008 Q2 2008  Q2 2007  JUNE 2007  Q1 2006  Q2 2006  Q3 2006 Q2 2005 Q4 2005 Q2 2004 Q4 2004   EXTERNAL TRADE  2002-2006  

 

External Trade EU 27 Sept 2007

 

TURNOVER INDICES  Q1 2008 Q2 2008 Q1 2007  Q2 2007 Q3 2007 Q4 2007 Q1 2006  Q2 2005  Q3 2005  

 

CONSUMER PRICES INDEX METROPOLE  Q1 2008 Q2 2008 Q1 2007  Q2 2007  Q3 2007 Q4 2007  2004 - 2006  CONSUMER PRICES INDEX DOM-TOM 2004 - 2006

 

HARMONISED INDICES OF CONSUMER PRICES   Feb 2007  Oct 2007  Dec.2007  

 

EUROBAROMETER March 2008   Fall 2007 survey     

 

RETAIL SALES  Nov. 2007   

 

LABOR MARKET  Movers & Laggards 2007  Movers & Laggards 2006    

   

 

                                                        CORPORATE  NEWS  &  MORE  NEWS                        

 

  JAN  FEB MAR  APR  MAY  JUN  JUL   AUG  SEPT   OCT   NOV

 

 

    JAN  FEB  MAR  APR  MAY  JUN   JUL   AUG   SEPT  OCT   NOV  DEC 

 

BULLETIN 2008                             

Of millions, billions and trillions and still pouring in

In perfect alignment with human nature, it took brutal bludgeoning to trigger the intervention of rescue missions well after massive damages, and certainly not of the so-called collateral type, were already happening. Agreed, the blood spill will continue for a while. there exists no past reference equal to the present time global crisis, and, the ones who will intend to resolve the mess we are all in are certainly people of strong determination. What will thus be the outcome of November 15th when world leaders of the g8 and g5 groups meet to debate about putting the world back on its feet? Leaving aside cultural differences and potential diplomatic incidents of any kind, one key word is likely to remain high on the agenda : profit. As to how it will be redefined, some leaders are likely to choke on such an oxymoron as ethical profit while others in good faith may grasp the moment to put another word higher up on the agenda: regulation. The kind that already exists having been blatantly ignored by a vast majority, new rules will certainly emerge and become even more confusing by the time they are translated, and itemized on an even longer time table that no one will really want to abide by and that will necessitate more world leaders meetings. Another plethora of unconventional words, -- independence, , control, fundamentals, diligence, monitoring,- and the likes -- will get gold medal status and prodigal sons, aka hedge funds, rating agencies, speculators, will get serious reprimand and, little else. As for the eccentrics, -- golden parachutes, stock options, overblown bonuses-- they will get what they deserve, a cold shoulder, and be left alone for each nation to choose whether to remove them or not. out of the good, the bad and the ugly , a new who’s who is about to be re-written. How long will it last prior to being reviewed, disputed, and put aside ? yet we are running out of time...

 

 

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