Economic sentiment in Germany returned to positive territory in June as financial market experts expect an end to the Iran conflict, survey results from the Mannheim-based Centre for European Economic Research, or ZEW, showed Tuesday. The ZEW indicator of economic sentiment advanced more-than-expected to 10.5 in June from -10.2 in the previous month. The score was seen at -5.8.
Consumer price inflation in Italy accelerated further in May to the highest level in more than two-and-a-half years, as estimated initially. Consumer price inflation accelerated to 3.2 percent in May from April's 2.7 percent. The rise in inflation was mainly influenced by the price developments in non-regulated energy products, which grew by 12.5 percent.
Turkey's retail sales growth moderated in April to the lowest level in just over a year. Retail sales rose 11.4 percent yearly in April, much slower than the 21.7 percent surge in March, which was the fastest growth since February 2024. Annual sales growth in non-food products, excluding fuel, slowed to 14.5 percent from 29.5 percent, and growth in food products improved to 7.6 percent.
The Czech Republic's industrial producer price inflation accelerated less-than-expected in May to the highest level in nearly one-and-a-half years. The industrial producer price index climbed 1.5 percent yearly in May, faster than the 1.0 percent renewed increase in April. Energy prices rose 2.5 percent, and those for intermediate goods were 3.5 percent higher.
Bulgaria's consumer price inflation accelerated slightly less than estimated in May to the highest level in more than two-and-a-half years. The consumer price index, or CPI, climbed 6.9 percent year-over-year in May, faster than the 6.8 percent rise in April. The rise in inflation was largely driven by a 21.6 percent jump in transportation costs.
Slovakia's consumer price inflation softened slightly in May. Consumer prices rose 3.8 percent annually in May, following a 3.9 percent increase in April. Inflation based on food and non-alcoholic beverages eased to 0.3 percent from 1.0 percent. On the other hand, transport inflation was 9.4 percent, which was the highest growth in three-and-a-half years.
Switzerland's producer and import prices decreased for the first time in three months in May. The producer and import price index posted a monthly decrease of 0.4 percent in May, reversing a 0.8 percent increase in April. The falling trend in May was mainly driven by lower costs for pharmaceutical products, petroleum and natural gas, and electricity.
Poland's consumer price inflation eased slightly in May from a 10-month high in the previous month as estimated earlier. The consumer price index climbed 3.1 percent year-over-year in May, slower than the 3.2 percent increase in April. The overall inflation in May was largely driven by a 5.6 percent growth in transport charges and a 5.0 percent spike in housing and utility costs.
Turkey's industrial production rebounded sharply in April on the back of a strong manufacturing sector. Industrial output advanced 6.0 percent yearly in April, reversing a 1.1 percent fall in March. Among sectors, manufacturing output recovered 6.8 percent from last year, while the decline in mining and production eased to 2.8 percent from 6.8 percent.
UK house prices posted their worst June performance in 14 years as competition to attract buyers remained fierce among sellers, the property website Rightmove said Monday. Average property prices declined 0.6 percent from May, which was the biggest June fall in fourteen years. This followed a 1.2 percent rise in May. On a yearly basis, house prices dropped 0.5 percent.
Consumers in Switzerland remained slightly more negative in May. The consumer sentiment index dropped to -38.1 in April from -36.1 in the corresponding month last year. The score was expected to remain stable at -38. The sub-index measuring expected economic development worsened to -45.9 from -42.9, and the index for personal financial outlook dropped to -33.8 from -30.3.
Norway's foreign trade surplus increased sharply in May from a year ago as exports grew faster than imports. The trade surplus rose to NOK 62.6 billion in May from NOK 44.1 billion in the same month last year. Meanwhile, the surplus decreased from NOK 83.6 billion in April. Exports surged 15.2 percent annually in May, while imports were 2.6 percent higher.
The euro area trade balance shifted to a deficit in April due to the surge in imports, according to official data released Monday. The trade balance showed a shortfall of EUR 1.0 billion compared to a surplus of EUR 4.9 billion in March. In the same period last year, the trade surplus totalled EUR 8.7 billion.
Eurozone industrial production logged a marginal expansion in April, with consumer and intermediate goods offsetting declines in capital and energy sectors, official data showed Monday. Industrial output rose 0.1 percent from March, when production advanced 0.4 percent, Eurostat reported. Output was expected to climb 0.2 percent. Nonetheless, this was the third consecutive rise in production.
Italy's foreign trade surplus increased in April from a year ago as exports grew faster than imports. The trade surplus rose to EUR 4.3 billion in April from EUR 2.5 billion in the corresponding month last year. Exports climbed 8.8 percent annually in April, and imports were 5.5 percent higher. The export growth was sustained and involved most sectors, with the exception of pharmaceuticals.
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.