{"id":119132,"date":"2024-01-22T22:20:51","date_gmt":"2024-01-22T21:20:51","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/119132\/"},"modified":"2024-11-18T13:18:30","modified_gmt":"2024-11-18T12:18:30","slug":"euro-area-confidence-rises-despite-deflation-in-some-countries-business-cycle-report-of-may-2014","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/119132\/","title":{"rendered":"Euro-Area Confidence Rises Despite Deflation in Some Countries. Business Cycle Report of May 2014"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-119132","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"Economic output stagnated in the USA in the first quarter of 2014, while the upturn continued in the UK, and economic activity gathered steam in Spain. The increase in the value added tax rate in Japan was preceded by extensive household purchases in anticipation of that increase. China's currency depreciated noticeably, and investors increasingly withdrew capital from Russia and Ukraine. In March, five euro-area countries registered a decline in the consumer price index, while tax increases pushed up prices in Austria. Production expectations for the coming months eased somewhat, and the reform of NoVA (duty on new car purchases) prompted consumers to bring forward car purchases. Winter tourism has been weak so far. Given the prevailing economic situation, the seasonally adjusted unemployment rate continued to rise in April, reaching a peak of 8.3 percent.","onlinedate":"2014-05-28 12:00:00","lang":"English","publication_series":"","publication_date":"20140501","publication_date_year":"","publication_date_full":false,"publication_num_pages":"","keywords":"[]","jelcodes":"[]","related_publications":"[]","pdf":416344,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"19","monthly_report_pages":"57-64","monthly_report_pages_sort":"57","issue":"6","journal":"WIFO Bulletin","publisher":"","invisible":false,"external":false,"embargo_date":"2014-05-28 12:00:00","types":[50590],"research_groups":[3500],"collaboration":"","persons":[3865],"persons_data":"[{\"personId\":3865,\"personName\":\"Stefan Schiman\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","citations":"{\"apa\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_apa rendering_contributiontoperiodical rendering_apa rendering_contributiontoperiodical_apa\\\"><span>Schiman, S.<\\\/span> (2014). <span>Euro-Area Confidence Rises Despite Deflation in Some Countries. Business Cycle Report of May 2014<\\\/span>. <span><em>WIFO Bulletin<\\\/em><\\\/span>, <em>19<\\\/em>(6), 57-64. <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/47243\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/47243<\\\/span><\\\/a><\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>Schiman S<\\\/span>. <span class=\\\"title\\\"><span>Euro-Area Confidence Rises Despite Deflation in Some Countries. Business Cycle Report of May 2014<\\\/span><\\\/span>. <span>WIFO Bulletin<\\\/span>. 2014 May;19(6):57-64.<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{397181c6740143c4944dec2b9e365d57,<\\\/div><div>  title    = \\\"Euro-Area Confidence Rises Despite Deflation in Some Countries. Business Cycle Report of May 2014\\\",<\\\/div><div>  abstract = \\\"Economic output stagnated in the USA in the first quarter of 2014, while the upturn continued in the UK, and economic activity gathered steam in Spain. The increase in the value added tax rate in Japan was preceded by extensive household purchases in anticipation of that increase. China's currency depreciated noticeably, and investors increasingly withdrew capital from Russia and Ukraine. In March, five euro-area countries registered a decline in the consumer price index, while tax increases pushed up prices in Austria. Production expectations for the coming months eased somewhat, and the reform of NoVA (duty on new car purchases) prompted consumers to bring forward car purchases. Winter tourism has been weak so far. Given the prevailing economic situation, the seasonally adjusted unemployment rate continued to rise in April, reaching a peak of 8.3 percent.\\\",<\\\/div><div>  author   = \\\"Stefan Schiman\\\",<\\\/div><div>  note     = \\\"Business Cycle Report May 2014\\\",<\\\/div><div>  year     = \\\"2014\\\",<\\\/div><div>  month    = may,<\\\/div><div>  language = \\\"English\\\",<\\\/div><div>  volume   = \\\"19\\\",<\\\/div><div>  pages    = \\\"57--64\\\",<\\\/div><div>  journal  = \\\"WIFO Bulletin\\\",<\\\/div><p>}<\\\/p><\\\/div>\",\"ris\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_ris rendering_contributiontoperiodical rendering_ris rendering_contributiontoperiodical_ris\\\"><p>TY  - GEN<\\\/p><p>T1  - Euro-Area Confidence Rises Despite Deflation in Some Countries. Business Cycle Report of May 2014<\\\/p><p>AU  - Schiman, Stefan<\\\/p><p>N1  - Business Cycle Report May 2014<\\\/p><p>PY  - 2014\\\/5<\\\/p><p>Y1  - 2014\\\/5<\\\/p><p>N2  - Economic output stagnated in the USA in the first quarter of 2014, while the upturn continued in the UK, and economic activity gathered steam in Spain. The increase in the value added tax rate in Japan was preceded by extensive household purchases in anticipation of that increase. China's currency depreciated noticeably, and investors increasingly withdrew capital from Russia and Ukraine. In March, five euro-area countries registered a decline in the consumer price index, while tax increases pushed up prices in Austria. Production expectations for the coming months eased somewhat, and the reform of NoVA (duty on new car purchases) prompted consumers to bring forward car purchases. Winter tourism has been weak so far. Given the prevailing economic situation, the seasonally adjusted unemployment rate continued to rise in April, reaching a peak of 8.3 percent.<\\\/p><p>AB  - Economic output stagnated in the USA in the first quarter of 2014, while the upturn continued in the UK, and economic activity gathered steam in Spain. The increase in the value added tax rate in Japan was preceded by extensive household purchases in anticipation of that increase. China's currency depreciated noticeably, and investors increasingly withdrew capital from Russia and Ukraine. In March, five euro-area countries registered a decline in the consumer price index, while tax increases pushed up prices in Austria. Production expectations for the coming months eased somewhat, and the reform of NoVA (duty on new car purchases) prompted consumers to bring forward car purchases. Winter tourism has been weak so far. 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