On 22 November 2017, the Commission adopted the Annual Growth Survey, marking the start of the 2018 European Semester of economic policy coordination. It took due account of the European Pillar of Social Rights, proclaimed by the European Parliament, the Council and the Commission on 17 November 2017. The priorities of the Annual Growth Survey […]
The implicit interest rate for all housing loan agreements increased from 1.025% in March to 1.031% in April. The average value of loan repayments was 240 Euros, one Euro higher than in the previous month. The average of owed capital increased to 51,817 Euros.
In March 2018 compared with February 2018, seasonally adjusted production in the construction sector decreased by 0.3% in the euro area (EA19) and by 0.9% in the EU28, according to first estimates from Eurostat, the statistical office of the European Union. In February 2018, production in construction fell by 0.7% in the euro area and […]
The Labour Cost Index (LCI) working days adjusted decreased by 1.5% in the 1st quarter of 2018, compared with the same period in 2017. In the previous quarter, it was recorded a year-on-year increase of 3.8%. The two main labour cost components – wage costs and other costs (both per hour actually worked) – decreased […]
In 2017, tax burden increased to 34.7% of GDP (34.3% in the previous year). This increase in revenue was influenced by positive performance of all tax burden items. Direct taxes revenue increased 3.3%, while indirect taxes and social contributions revenue increased 6.1% and 6.0%, respectively. Regarding direct taxes revenue, there was a very small decrease […]
Hotel and similar establishments hosted 1.5 million guests and 4.0 million overnight stays in March 2018, figures that relate to year-on-year change rates of +11.6% and +10.3%, accelerating when compared with February (+6.5% and +6.2%, respectively). Overnight stays of the internal market stood out with a 16.3% increase (after +7.9% in February) while those of […]