Pubblicato in: Banche Centrali, Devoluzione socialismo, Economia e Produzione Industriale, Unione Europea

Eurozona. Nov21. Produzione Industriale -1.5% su Nov20. – Eurostat.

Giuseppe Sandro Mela.

2022-01-16.

2022-01-14__ Eurostat 001

Euro zone output falls in Nov vs year earlier, defying growth expectation

Brussels, Jan 12 (Reuters) – Euro zone industrial production fell in November from a year earlier, the European Union’s statistics office Eurostat said on Wednesday, defying market expectations of a small increase mainly due to a sharp drop in the output of capital goods.

Eurostat said industrial output in the 19 countries sharing the euro rose 2.3% month-on-month but still fell 1.5% year-on-year. Economists polled by Reuters had expected a 0.5% monthly rise and a 0.6% annual gain.

Figures for October were also sharply revised downwards to a decline of 1.3% in the month and a 0.2% year-on-year gain from previously reported rises of respectively 1.1% and 3.3%

The surprise year-on-year fall in November was mainly caused by a 9.8% slump in the production of capital goods, which pulled down the overall reading despite a 4.4% rise for durable consumer goods and a 6.1% rise for non-durable consumer goods.

2022-01-14__ Eurostat 002

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L’Eurozona è in stagflazione: alta inflazione e produzione industriale in contrazione.

Si noti come Germania e Francia siano anche esse in contrazione, essendo la produzione industriale di -2.5% e -0.2%, rispettivamente. Il dato italiano non è al momento disponibile.

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Eurostat. November 2021 compared with October 2021. Industrial production up by 2.3% in euro area and by 2.5% in the EU. Down by 1.5% and unchanged compared with November 2020.

In November 2021, the seasonally adjusted industrial production rose by 2.3% in the euro area and by 2.5% in the EU, compared with October 2021, according to estimates from Eurostat, the statistical office of the European Union. In October 2021, industrial production fell by 1.3% in the euro area and by 0.8% in the EU.

In November 2021 compared with November 2020, industrial production decreased by 1.5% in the euro area and remained unchanged in the EU.

                         Monthly comparison by main industrial grouping and by Member State

In the euro area in November 2021, compared with October 2021, production of non-durable consumer goods rose by 3.2%, capital goods by 1.5%, energy by 1.2% and intermediate goods by 0.9%, while production of durable consumer goods fell by 0.2%.

In the EU, production of non-durable consumer goods rose by 3.0%, capital goods by 2.3%, intermediate goods by 1.4%, energy by 0.9% and durable consumer goods by 0.1%.

Among Member States for which data are available, the largest monthly increases were registered in Ireland (+37.3%), Poland (+5.9%) and Czechia (+4.8%). The highest decreases were observed in Belgium (-4.4%), Malta (-3.7%) and Luxembourg (-2.3%).

                         Annual comparison by main industrial grouping and by Member State

In the euro area in November 2021, compared with November 2020, production of capital goods fell by 9.8%, while intermediate goods rose by 1.9%, energy by 3.7%, durable consumer goods by 4.4% and non-durable consumer goods by 6.1%.

In the EU, production of capital goods fell by 8.2%, while intermediate goods rose by 2.8%, durable consumer goods by 4.9%, energy by 6.7% and non-durable consumer goods by 7.3%.

Among Member States for which data are available, the largest annual decreases were registered in Ireland (-30.4%), Malta (-7.8%), Germany and Luxembourg (both -2.5%). The highest increases were observed in Lithuania (+17.0%), Poland (+15.3%) and Bulgaria (+13.3%).

Pubblicato in: Banche Centrali, Devoluzione socialismo, Economia e Produzione Industriale, Unione Europea

Eurostat. Nov21. Prezzi della Produzione Industriale, PPI, +23.7% nella EU.

Giuseppe Sandro Mela.

2022-01-09.

2022-01-08__ Eurostat 001

Eurostat. November 2021 compared with October 2021. Industrial producer prices up by 1.8% in the euro area and by 2.0% in the EU. Up by 23.7% in both the euro area and the EU compared with November 2020.

In November 2021, industrial producer prices rose by 1.8% in the euro area and by 2.0% in the EU, compared with October 2021, according to estimates from Eurostat, the statistical office of the European Union. In October 2021, prices increased by 5.4% in the euro area and by 5.0% in the EU.

2022-01-08__ Eurostat 002

                         Monthly comparison by main industrial grouping and by Member State

Industrial producer prices in the euro area in November 2021, compared with October 2021, increased by 3.5% in the energy sector, by 1.5% for intermediate goods, by 0.6% for non-durable consumer goods, by 0.5% for durable consumer goods and by 0.4% for capital goods. Prices in total industry excluding energy increased by 0.9%.

In the EU, industrial producer prices increased by 4.5% in the energy sector, by 1.5% for intermediate goods, by 0.6% for durable and for non-durable consumer goods and by 0.4% for capital goods. Prices in total industry excluding energy increased by 1.0%.

The highest monthly increases in industrial producer prices were recorded in Denmark (+10.3%), Bulgaria (+8.5%) and Romania (+7.3%), while the only decrease was observed in Ireland (-2.5%).

                         Annual comparison by main industrial grouping and by Member State

Industrial producer prices in the euro area in November 2021, compared with November 2020, increased by 66.0% in the energy sector, by 18.3% for intermediate goods, by 4.7% for durable consumer goods, by 4.4% for capital goods and by 3.8% for non-durable consumer goods. Prices in total industry excluding energy increased by 9.8%.

In the EU, industrial producer prices increased by 64.9% in the energy sector, by 18.6% for intermediate goods, by 5.2% for durable consumer goods, by 4.6% for capital goods and by 4.2% for non-durable consumer goods. Prices in total industry excluding energy increased by 10.1%.

The industrial producer prices increased in all Member States, with the highest yearly increases being registered in Ireland (+87.9%), Denmark (+51.7%) and Romania (+40.4%).

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Significativamente, Eurostat riporta i dati senza commentarli.

Annualizzando, tra Nov21 ed Oct21 vi è un incremento di 1.8 punti percentuali: a fine anno 2022 l’incremento dovrebbe quindi essere di 21.6 punti percentuali, ossia il PPI dell’Europa dovrebbe arrivare ad essere il 45.3%. Ma l’incremento medio è nei fatti molto maggiore di 1.8 punti percentuali.

«In October 2021, prices increased by 5.4% in the euro area and by 5.0% in the EU»

Pena il fallimento delle imprese, questi aumenti si riverbereranno sui prezzi al consumo, innescando una perfetta spirale inflattiva.

Pubblicato in: Banche Centrali, Unione Europea

Eurozona. Dec21. Inflazione al 5% anno su anno. – Flash Estimate.

Giuseppe Sandro Mela.

2022-01-10.

2022-01-10__ Eurostat 001

Questi sono dati provvisori.

2022-01-10__ Eurostat 002

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Eurostat. Euro area annual inflation up to 5.0%.

Flash estimate – December 2021. Euro area annual inflation up to 5.0%.

Euro area annual inflation is expected to be 5.0% in December 2021, up from 4.9% in November according to a flash estimate from Eurostat, the statistical office of the European Union.

Looking at the main components of euro area inflation, energy is expected to have the highest annual rate in December (26.0%, compared with 27.5% in November), followed by food, alcohol & tobacco (3.2%, compared with 2.2% in November), non-energy industrial goods (2.9%, compared with 2.4% in November) and services (2.4%, compared with 2.7% in November).

Pubblicato in: Banche Centrali, Devoluzione socialismo, Economia e Produzione Industriale, Unione Europea

Eurostat. Producer prices in industry, PPI. Una valle di lacrime.

Giuseppe Sandro Mela.

2022-01-05.

2022-01-06__ Europa PPI 001

Eurostat aggiorna mensilmente la Tabella STS_INPP_M, che pubblica poi il sei del mese.

La Tabella riporta per ogni mese il valore del PPI, espresso come variazione rispetto l’anno precedente.

Ricordiamo come il PPI indichi la variazione di prezzo praticata dai grossisti che vendono ad altri grossisti.

La Tabella non è ancora completata, ma permette tuttavia importanti considerazioni.

Degni di nota i seguenti elementi.

In primo luogo, tranne Irlanda e Malta tutti gli stati riportati hanno un PPI a due cifre. La maggior quota supera il 20%.

In secondo luogo, si noti come la differenza tra i valori di novembre e quelli di ottobre varino a uno e due punti percentuali. Ma annualizzando queste variazioni, entro un anno i valori riportati per novembre dovrebbero essere incrementati di dieci – venti punti percentuali. Per esempio, un valore ad ottobre di 20.4% dovrebbe attestarsi tra un anno al 44.4%.

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Il 2 dicembre 2021 il PPI europeo valeva 21.9%, il 3 gennaio 2021 valeva 0 (zero).

Questi sono valori da Weimar.

Pubblicato in: Banche Centrali, Devoluzione socialismo

Eurostat. Nov21. Sta pubblicando dati conflittuali, difficilmente credibili.

Giuseppe Sandro Mela.

2021-12-30.

2021-12-29__ Eurostat Inflazione 001

                         In sintesi.

2021-12-29__ Eurostat Inflazione 002

– The euro area annual inflation rate was 4.9% in November 2021

– European Union annual inflation was 5.2% in November 2021

– real GDP was 5.9% lower than its level in 2019

– In 2020, EU ports handled around 3.3 billion tonnes of goods in gross weight, a substantial decrease compared with 2019 (-7%)

In October 2021, compared with October 2020, industrial producer prices increased by 21.9% in the euro area and by 21.7% in the EU

Industrial producer prices …. increased by 62.5% in the energy sector

* * * * * * *

Eurostat afferma che l’inflazione è il 4.9% nella eurozona ed il 5.2% nelle Unione Europea.

2021-12-29__ Eurostat Inflazione 003

Questi valori restano semplicemente incomprensibili alla luce dei Producer Price Index, PPI, saliti al +21.9% nella eurozona ed al 21.7% nell’Unione Europea. Dati questi sempre forniti da Eurostat. Simili aumenti dei prezzi alla produzione avrebbero dovuto generare una inflazione ben maggiore di quella segnalata.

2021-12-29__ Eurostat Inflazione 004

Solo per esempio, ricordiamo come

Germania. Prezzi alimentari +16.3% su novembre 2020. Ecco la Fame. – Destatis.

Difficile dire che l’inflazione è al 4.9%. Davvero molto difficile.

* * * * * * *


Eurostat. November 2021. Annual inflation up to 4.9% in the euro area. Up to 5.2% in the EU.

The euro area annual inflation rate was 4.9% in November 2021, up from 4.1% in October. A year earlier, the rate was -0.3%. European Union annual inflation was 5.2% in November 2021, up from 4.4% in October. A year earlier, the rate was 0.2%. These figures are published by Eurostat, the statistical office of the European Union.

* * * * * * *


Eurostat. Which EU countries had the highest GDP in 2020?

In 2020, the gross domestic product (GDP) of the EU stood at around €13 400 billion at current prices. In real terms, the EU’s GDP in 2020 was 7.6% higher than its level a decade ago. However, real GDP was 5.9% lower than its level in 2019; it was the first drop in EU GDP since 2009, when GDP declined by 4.3% compared with 2008.

The decrease in economic activity and consequently in GDP is consistent with the restrictions implemented in 2020 to slow down the spread of COVID-19. 

In 2020, slightly more than a quarter of the EU’s GDP was generated by Germany (25.1%), followed by France (17.2%) and Italy (12.3%), ahead of Spain (8.4%) and the Netherlands (6.0%).

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Eurostat. Weight of goods handled by EU ports dropped by 7% in 2020

In 2020, EU ports handled around 3.3 billion tonnes of goods in gross weight, a substantial decrease compared with 2019 (-7%). This fall can be attributed to the COVID-19 pandemic and the subsequent restrictions put in place across the Member States and worldwide.

After reaching a new peak in 2019 (3.6 billion tonnes), the gross weight of goods handled in EU main ports in 2020 decreased to levels similar to 2015. The last two quarters of 2019 and all quarters of 2020 showed a negative evolution when compared with the same quarters of the previous year. The second and third quarters of 2020 were particularly hit with decreases of -13% and -8%, respectively.

* * * * * * *


Eurostat. Agricultural land prices: huge variation across the EU.

Among the EU Member States, the Netherlands recorded the highest purchase price for one hectare of arable land in the EU (on average €69 632 in 2019). The price of arable land in every region of the Netherlands was above all other available national averages in the EU. However, among the EU regions for which data are available, the highest prices for arable land were in the Spanish region of Canary Islands (an average €120 477 per hectare in 2020).

Arable land was cheapest in Croatia, with a hectare costing an average €3 440 in 2020. At the regional level, a hectare of arable land cost least in the South-West region (Yugozapaden) of Bulgaria (an average €2 051).

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Eurostat. October 2021 comared with September. Industrial producer prices up by 5.4% in the euro area and by 5.0% in the EU. Up by 21.9% in the euro area and by 21.7% in the EU compared with October 2020.

In October 2021, compared with October 2020, industrial producer prices increased by 21.9% in the euro area and by 21.7% in the EU

Industrial producer prices …. increased by 62.5% in the energy sector.

Pubblicato in: Banche Centrali, Devoluzione socialismo, Unione Europea

Blocco Europeo. Prezzi alla produzione, PPI, +21.9% anno su anno. Europa kaputt. – Eurostat.

Giuseppe Sandro Mela.

2021-12-20.

2021-12-20__ Eurostat PPI 001

L’indice dei prezzi alla produzione (Producer Price Index, PPI) è un indicatore inflazionistico che misura il cambiamento medio dei prezzi di vendita praticati dai produttori nazionali di beni e servizi, dai grossisti agli altri grossisti.

Il PPI misura il cambiamento del prezzo dal punto di vista del Venditore.

Usualmente, le variazioni del PPI si ripercuotono dopo qualche mese sui prezzi al consumo, che risultano essere incrementati di un fattore variante tra il due ed il tre, a seconda dei costi di distribuzione.

2021-12-20__ Eurostat PPI 002

* * * * * * *

                         In sintesi.

– In October 2021, compared with October 2020, industrial producer prices increased by 21.9% in the euro area and by 21.7% in the EU

– Industrial producer prices …. increased by 62.5% in the energy sector

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I problemi non risolti quando erano ancora piccoli e risolvibili, lasciati lì a marcire alla fine diventano venefici.

Nel blocco europeo un PPI al 21.9% è il certificato della morte del sistema economico.

Una inflazione di tale livello suggella la morte del sistema economico.

Infine, senza energia a costi accettabili i sistemi economici muoiono.

* * * * * * *


Eurostat. October 2021 comared with September. Industrial producer prices up by 5.4% in the euro area and by 5.0% in the EU. Up by 21.9% in the euro area and by 21.7% in the EU compared with October 2020.

In October 2021, industrial producer prices rose by 5.4% in the euro area and by 5.0% in the EU, compared with September 2021, according to estimates from Eurostat, the statistical office of the European Union. In September 2021, prices increased by 2.8% in the euro area and by 2.7% in the EU.

In October 2021, compared with October 2020, industrial producer prices increased by 21.9% in the euro area and by 21.7% in the EU.

* * * * * * *

                         Monthly comparison by main industrial grouping and by Member State

Industrial producer prices in the euro area in October 2021, compared with September 2021, increased by 16.8% in the energy sector, by 1.4% for intermediate goods, by 0.5% for durable and for non-durable consumer goods and by 0.4% for capital goods. Prices in total industry excluding energy increased by 0.8%.

In the EU, industrial producer prices increased by 14.9% in the energy sector, by 1.4% for intermediate goods, by 0.6% for capital goods and for non-durable consumer goods and by 0.5% for durable consumer goods. Prices in total industry excluding energy increased by 0.9%.

The highest monthly increases in industrial producer prices were recorded in Belgium (+11.2%), Italy (+9.4%) and Romania (+8.6%), while the only decreases were observed in Estonia (-2.1%), Luxembourg (-0.3%) and Sweden (-0.2%).

                         Annual comparison by main industrial grouping and by Member State

Industrial producer prices in the euro area in October 2021, compared with October 2020, increased by 62.5% in the energy sector, by 16.8% for intermediate goods, by 4.2% for durable consumer goods, by 3.9% for capital goods and by 3.4% for non-durable consumer goods. Prices in total industry excluding energy increased by 8.9%.

In the EU, industrial producer prices increased by 59.8% in the energy sector, by 17.1% for intermediate goods, by 4.6% for durable consumer goods, by 4.1% for capital goods and by 3.6% for non-durable consumer goods. Prices in total industry excluding energy increased by 9.2%.

The industrial producer prices increased in all Member States, with the highest yearly increases being registered in Ireland (+89.9%), Denmark (+39.8%) and Belgium (+34.5%).

Pubblicato in: Banche Centrali, Devoluzione socialismo, Unione Europea

Blocco Europeo. Oct21. PPI, industrial producer prices, +21.9% anno su anno.

Giuseppe Sandro Mela.

2021-12-03.

2021-12-03__ Eurozona PPI 001

                         In sintesi.

– In October 2021, compared with October 2020, industrial producer prices increased by 21.9% in the euro area and by 21.7% in the EU

– increased by 62.5% in the energy sector

– Prices in total industry excluding energy increased by 8.9%

– highest yearly increases being registered in Ireland (+89.9%), Denmark (+39.8%) and Belgium (+34.5%)

* * * * * * *

2021-12-03__ Eurozona PPI 002

Nel novembre 2020 il PPI valeva -1.9%.

Il settore energetico ha evidenziato aumenti anno su anno del 62.5%, dato incompatibile questo con ogni produzione industriale.

* * * * * * *


Eurostat. October 2021 compared with September 2021. Industrial producer prices up by 5.4% in the euro area and by 5.0% in the EU. Up by 21.9% in the euro area and by 21.7% in the EU compared with October 2020.

* * * * * * *

In October 2021, industrial producer prices rose by 5.4% in the euro area and by 5.0% in the EU, compared with September 2021, according to estimates from Eurostat, the statistical office of the European Union. In September 2021, prices increased by 2.8% in the euro area and by 2.7% in the EU.

In October 2021, compared with October 2020, industrial producer prices increased by 21.9% in the euro area and by 21.7% in the EU.

                         Monthly comparison by main industrial grouping and by Member State

Industrial producer prices in the euro area in October 2021, compared with September 2021, increased by 16.8% in the energy sector, by 1.4% for intermediate goods, by 0.5% for durable and for non-durable consumer goods and by 0.4% for capital goods. Prices in total industry excluding energy increased by 0.8%.

In the EU, industrial producer prices increased by 14.9% in the energy sector, by 1.4% for intermediate goods, by 0.6% for capital goods and for non-durable consumer goods and by 0.5% for durable consumer goods. Prices in total industry excluding energy increased by 0.9%.

The highest monthly increases in industrial producer prices were recorded in Belgium (+11.2%), Italy (+9.4%) and Romania (+8.6%), while the only decreases were observed in Estonia (-2.1%), Luxembourg (-0.3%) and Sweden (-0.2%).

                         Annual comparison by main industrial grouping and by Member State

Industrial producer prices in the euro area in October 2021, compared with October 2020, increased by 62.5% in the energy sector, by 16.8% for intermediate goods, by 4.2% for durable consumer goods, by 3.9% for capital goods and by 3.4% for non-durable consumer goods. Prices in total industry excluding energy increased by 8.9%.

In the EU, industrial producer prices increased by 59.8% in the energy sector, by 17.1% for intermediate goods, by 4.6% for durable consumer goods, by 4.1% for capital goods and by 3.6% for non-durable consumer goods. Prices in total industry excluding energy increased by 9.2%.

The industrial producer prices increased in all Member States, with the highest yearly increases being registered in Ireland (+89.9%), Denmark (+39.8%) and Belgium (+34.5%).

Pubblicato in: Devoluzione socialismo, Economia e Produzione Industriale, Problemia Energetici, Unione Europea

Europa. Elettricità. In Germania ed in Italia le tasse pesano per il 49.9% e 40.7%, rispettivamente.

Giuseppe Sandro Mela.

2021-11-06.

Gabellieri__002__

«Non-household electricity prices in the EU highest in Germany (EUR 0.18 per kWh) and lowest in Finland (EUR 0.07 per kWh) in the first half of 2021»

«For the prices adjusted for inflation, the total price for non-household consumers, i.e. including taxes, was EUR 0.1155 per kWh in the first half of 2021 compared to 0.0968 EUR per kWh in the first half of 2008 …. In the first half of 2021, the share of taxes was highest in Germany and Italy, where non-recoverable taxes and levies made up 49.9 % and 40.7 % of the total price respectively. The share of taxes for the EU is 33.2 %» [Eurostat]

* * *

«The soaring price of electricity represents a Rorschach test for Europe’s politicians. Depending on their leanings, it is either a reason to wean the continent from fossil fuels more swiftly — or more slowly»

«At the heart of the surge in electricity prices is Europe’s reliance on natural gas to turn on the lights, heat homes, and power industry»

«Under European energy rules, the price of gas drives the price of electricity. Gas accounts for a fifth of Europe’s energy consumption, and most of it is imported from Russia»

«And without a gas exit plan, there is no way for Europe to meet its own climate target»

«But some governments across the continent now fear that higher heating bills this winter could bolster populists in upcoming national elections in several countries, or trigger social unrest like the “Yellow Vests” protests from 2018 in France»

«Hungary has claimed that rising gas prices are linked to the European Union’s climate ambitions, which its prime minister, Viktor Orban, decried as “utopian fantasy.”»

«“The fact that the E.U. has succeeded in getting a lot of coal off the energy grid actually makes things worse,” Mr. Gore pointed out»

«Madrid, where electricity prices have risen sharply, sparking some protests on the streets»

«Problems like these among voters represent risks to the left-of-center government»

«In many ways, all across the continent, the Achilles’ heel of Europe’s green transition is gas»

«Norway, which does not belong to the European Union but has set ambitious climate targets modeled after the European Union’s, is in the throes of a robust domestic political debate about how much longer it can exploit its North Sea oil and gas resources»

* * * * * * *

L’articolo riportato è stato stilato in perfetto stile liberal. Alcuni potranno condividerlo, altri non accettarlo, e noi tra costoro.

A nostro sommesso avviso, la visione ideologica denatura la visione del problema.

Il nodo consiste nel fatto che in Europa l’energia elettrica è gravata da tasse che arrivano al 49.9% in Germania, con media 33.2%, i proventi delle quali sono destinati a finanziare l’economia verde.

Mr Putin ha ben focalizzato il problema

«Russian President Vladimir Putin blamed the transition to green energy and low investment in the extraction industries on Tuesday for what he said were “hysteria and some confusion” on European markets where energy prices are surging» [Fonte]

Si noti come basterebbe togliere l’isteria di queste tasse dalle bollette dell’energia elettrica per poter ripristinare prezzi ragionevoli in piena concorrenza con quelli del resto del mondo.

* * * * * * *


An Electricity Crisis Complicates the Climate Crisis in Europe.

Berlin — The soaring price of electricity represents a Rorschach test for Europe’s politicians. Depending on their leanings, it is either a reason to wean the continent from fossil fuels more swiftly — or more slowly.

The timing is crucial. European Union leaders have cast themselves as the vanguard of a global green transition at the international climate talks that kick off this weekend in Glasgow.

The repercussions are vast. How Europe emerges from the current energy crisis will bear on how the world addresses the climate crisis. Europe accounts for a very large share of global emissions produced since the start of the industrial age, and its ability to pivot away from fossil fuels is key to averting ruinous rates of global warming.

At the heart of the surge in electricity prices is Europe’s reliance on natural gas to turn on the lights, heat homes, and power industry. Even though most countries in the bloc are moving away from coal faster than other parts of the world, like Asia, they have continued to lean on gas while building out their renewable energy infrastructure.

Under European energy rules, the price of gas drives the price of electricity. Gas accounts for a fifth of Europe’s energy consumption, and most of it is imported from Russia.

But while natural gas is less polluting than coal, it is still a fossil fuel that produces carbon dioxide emissions that are warming up the planet. And without a gas exit plan, there is no way for Europe to meet its own climate target, which is to reduce its emissions by 55 percent by 2030 compared with 1990 levels.

The power crisis, in other words, is accelerating a reckoning over gas — and foreshadowing what other parts of the world will face as they make their energy transitions.

“It’s bringing to the fore the question, ‘What do we do about gas?’” said Lucie Mattera, the Europe analyst for E3G, a climate research group.

It is also undermining unity about how to transition to renewables. While policies designed to address climate change are not the main driver of rising electricity prices, some European leaders are claiming that is the case. The cause is basically that demand for gas has soared — sending prices skyward — as the industrialized world has bounced back from the depths of the pandemic and started returning to its normal working rhythm.

But some governments across the continent now fear that higher heating bills this winter could bolster populists in upcoming national elections in several countries, or trigger social unrest like the “Yellow Vests” protests from 2018 in France.

Those fears have caused several European countries to question the ambitious E.U. target of cutting emissions of planet-warming gases by at least 55 percent within a decade.

Hungary has claimed that rising gas prices are linked to the European Union’s climate ambitions, which its prime minister, Viktor Orban, decried as “utopian fantasy.” Poland, a major coal producer that has never been a fan of the European Commission’s emissions-reductions targets, has pressed Brussels to change or delay some of its proposed measures.

Spain, on the other hand, has pressed for a faster transition to renewable energy, precisely so that the continent isn’t forever subjected to the ups and downs of the gas market. “The present and the future belong to renewable energies and we cannot solve a crisis caused precisely by dependence on fossil fuels by looking to the past,” Teresa Ribera, its deputy prime minister and a longtime climate advocate, said in an email. “The Spanish government believes that the transition must be accelerated, not slowed down.”

Tim Gore at the Brussels-based Institute for European Environmental Policy, a research group, called the price jumps for electricity a “perfect storm.” Global demand for gas rose sharply just as winds in Northern Europe (where there is significant wind power) dropped off and gas reserves ran low during a long, lockdown winter. Added to the mix was the closing of coal-burning power plants, largely in Western Europe.

“The fact that the E.U. has succeeded in getting a lot of coal off the energy grid actually makes things worse,” Mr. Gore pointed out. “That’s a good thing, but it’s unfortunate that it happened to coincide with everything else.”

The human consequences play out in the 7th floor apartment of Ascención García López in a working class suburb of Madrid, where electricity prices have risen sharply, sparking some protests on the streets.

Ms. López’s power bills have nearly doubled since last year, forcing her to change habits. She keeps her blinds open until sundown, so the last rays of sun can light the rooms. She cooks her stews in a pressure cooker, instead of simmering for better flavor. She does the laundry in the middle of the afternoon, when the electricity rates are cheaper, but she fears her neighbors will complain because the middle of the afternoon in Madrid is siesta time.

Ms. López, 56, who is currently unemployed and in charge of caring for two young grandchildren and her elderly mother, hasn’t yet had to turn on the heater. Winter worries her. “I will use it only on the coldest days, not every day,” she said.

One evening this week, her youngest grandson wandered around the apartment as dusk descended. Only when it’s completely dark will she turn on a light.

Everyone on a tight budget has come up with their own hacks. Some say they’ve resorted to unscrewing some of their light bulbs from light fixtures. Others report skipping daily hot showers or cooking big batches of food to save on bills.

Problems like these among voters represent risks to the left-of-center government, for which Ms. Ribera, the deputy prime minister, is also the minister for the ecological transition. Spain has redirected more than 2.6 billion euros in profits from energy companies to consumers, slashed electricity taxes and imposed a cap on how much natural-gas prices are allowed to increase. The energy crisis, Ms. Ribera argued, should not punish the poor.

She compared this moment to the oil crisis of the 1970s. “It is important to share both the risks and the benefits, so the consequences of market behavior are not always paid by the same people,” Ms. Ribera said.

Spain is also pushing the European Union to organize a centralized platform for buying natural gas, similar to how its members banded together to negotiate the price of coronavirus vaccines. That approach raises questions relating to the bloc’s competition laws, and many members remain skeptical.

The European Commission recently proposed some possible measures that individual members could take, largely focused on protecting the most vulnerable members of society and small businesses, similar to the action taken in Spain, and said it would begin exploring the possibility of shared natural gas reserves. It stressed that speeding up the transition to green energy remained the best solution.

In many ways, all across the continent, the Achilles’ heel of Europe’s green transition is gas.

Britain, by contrast, has been doubling down on its domestic gas reserves in the North Sea, despite protests by climate campaigners. Norway, which does not belong to the European Union but has set ambitious climate targets modeled after the European Union’s, is in the throes of a robust domestic political debate about how much longer it can exploit its North Sea oil and gas resources.

The European Commission’s climate package aims to reduce gas consumption by a third by 2030, compared with 2015 levels, and virtually eliminate it by 2050. Exactly how to do that is still unclear, and the surge in gas prices is likely to complicate those efforts.

The gas question complicates domestic politics. Hungary and France have elections next year. In Germany, higher gas prices could create tension in the future government between the Greens, who are hoping to push for a swift exit from coal, and the Social Democrats, who ran on a strong social justice platform.

“Any politician who says this will be simplistic is unrealistic,” said Bas Eickhout, a Green Party politician from the Netherlands and member of the European Parliament. “We are rebuilding our economy. That is a huge transition. The phasing of that transition is tricky and has vulnerable moments.”

Pubblicato in: Banche Centrali, Devoluzione socialismo, Unione Europea

Eurozona. Harmonised indices of consumer prices +3.4%. – Eurostat.

Giuseppe Sandro Mela.

2021-10-03.

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Con un PPI, Indice dei prezzi alla produzione, del 12.1% si stenta a credere che nella eurozona l’inflazione sia solo del 3.4%.

Non a caso, Eurostat riporta i dati, gà sottoposti a violento maquillage, come ” harmonised indices of consumer prices (HICP)”, ulteriore manipolazione dei dati grezzi.

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Infatti, i costi dell’energia sono saliti del 17.4%, ma tutti i settori, dall’industria alle famiglie, consumano energia.

Poi, nella Eurozona il wholesale natural gas price nel giro di una anno è salito del 441%, con punte al 500%. Ma quasi la metà dell’energia prodotta nella eurozona deriva dall’uso del gas neturale.

In ogni caso, i dati ufficiali sarebbero questi.

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Eurostat. Flash estimate – September 2021. Euro area annual inflation up to 3.4%.

Euro area annual inflation is expected to be 3.4% in September 2021, up from 3.0% in August according to a flash estimate from Eurostat, the statistical office of the European Union.

Looking at the main components of euro area inflation, energy is expected to have the highest annual rate in September (17.4%, compared with 15.4% in August), followed by non-energy industrial goods (2.1%, compared with 2.6% in August), food, alcohol & tobacco (2.1%, compared with 2.0% in August) and services (1.7%, compared with 1.1% in August).

                         Note.

“e” means estimate.

Annual inflation is the change of the price level of consumer goods and services between the current month and the same month of the previous year.

The complete set of harmonised indices of consumer prices (HICP) for the euro area, EU and Member States is released around the middle of the month following the reference month.

Pubblicato in: Banche Centrali, Devoluzione socialismo, Unione Europea

Eurostat. Agosto21. Inflazione annualizzata 3.2% nel blocco europeo.

Giuseppe Sandro Mela.

2021-09-20.

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Eurostat ha rilasciato il Report Annual inflation up to 3.0% in the euro area.

August 2021

Annual inflation up to 3.0% in the euro area. Up to 3.2% in the EU .

The euro area annual inflation rate was 3.0% in August 2021, up from 2.2% in July. A year earlier, the rate was -0.2%. European Union annual inflation was 3.2% in August 2021, up from 2.5% in July. A year earlier, the rate was 0.4%. These figures are published by Eurostat, the statistical office of the European Union.

The lowest annual rates were registered in Malta (0.4%), Greece (1.2%) and Portugal (1.3%). The highest annual rates were recorded in Estonia, Lithuania and Poland (all 5.0%). Compared with July, annual inflation remained stable in one Member State and rose in twenty-six.

In August, the highest contribution to the annual euro area inflation rate came from energy (+1.44 percentage points, pp), followed by non-energy industrial goods (+0.65 pp) and food, alcohol & tobacco and services (both +0.43 pp).

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Come si constata dalla Tabella sottostante, il settore energetico rende ragione di una inflazione del 15.4%. Però, sia privati cittadini sia industria devono sottostare a codesti aumenti.

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