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Bundesbank President Jens Weidmann defended Germany's large budget and current account surpluses after the International Monetary Fund Managing Director Christine Lagarde said the government should make use of surpluses to promote growth. Weidmann said raising public spending in order to reduce Germany's...

Turkey's central bank left its key interest rates unchanged on Thursday for a sixth consecutive session, citing high inflation. The Monetary Policy Committee, led by Governor Murat Cetinkaya, decided to hold the one-week repo rate at 8 percent, in line with economists' expectations. The overnight...

Dutch export growth accelerated in November to the highest level in five months, figures from the Central Bureau of Statistics showed Thursday. The volume of exports advanced 9.4 percent year-over-year in November, well above the 5.1 percent rise in October. Moreover, the latest rate of growth...

Dutch unemployment rate remained stable in December, after falling in the previous two months, figures from the Central Bureau of Statistics showed Thursday. The seasonally adjusted jobless rate came in at 4.4 percent in December, the same rate as in November. In the corresponding month last year,...

The tightening labor market and rising recruitment difficulties is set to lift pay growth this year a bit above the recent subdued trends, Bank of England policymaker Michael Saunders said Wednesday. According to Saunders, the labor market is likely to tighten more this year than markets anticipate...

The world is entering a critical period of intensified risk in 2018, the World Economic Forum said in the Global Risks Report 2018, published on Wednesday. According to the annual report, structural and interconnected nature of risks in 2018 threaten the very system on which societies, economies...

Slovakia's harmonized consumer price inflation eased slightly in December after accelerating in the previous month, data from the Statistical Office of the Slovak Republic showed Wednesday. The harmonized index of consumer prices climbed 2.0 percent year-on-year in December, following a 2.1 percent...

Eurozone construction output increased in November after falling in the previous month, data from Eurostat showed Wednesday. Construction output advanced a seasonally adjusted 0.5 percent month-over-month in November, reversing a 0.3 percent drop in October, which was revised from a 0.4 percent fall...

Eurozone inflation slowed as estimated in December on slower growth in energy prices, final data from Eurostat showed Wednesday. Inflation eased to 1.4 percent in December from 1.5 percent in November. The rate came in line with the initial estimate published on January 5. Inflation remains below...

Austria's consumer price inflation eased slightly at the end of the year, figures from Statistics Austria showed Wednesday. Consumer price inflation slowed to 2.2 percent in December from 2.3 percent in November. Spending on housing, water and energy proved to be the most important price driver...

Europe's new passenger car registrations declined at the end of the year, data published by the European Automobile Manufacturers' Association showed Wednesday. Passenger car sales declined 4.9 percent year-over-year to 1,088,498 units in December, mainly the result of the fact that December had one...

The marketing budgets of UK private sector companies expanded at the slowest pace in nearly two years in the fourth quarter of 2017, the IPA Bellwether report, published by IHS Markit showed Wednesday. A net balance of 8.6 percent of companies raised their marketing budget compared to 9.9 percent...

EEP22-011515_16Jan18.jpg Final consumer price data from euro area is due on Wednesday, headlining a light day for the European economic news.

Poland's core inflation was unchanged in December after accelerating in the previous month, figures from the National Bank of Poland showed on Tuesday. The consumer price index net of food and energy prices rose 0.9 percent on year, the same rate as seen last month. Economists were looking for a gain...

Italy's trade surplus decreased in November, figures from the statistical office Istat showed Tuesday. The trade surplus totaled EUR 4.83 billion versus EUR 4.98 billion in October. In the corresponding period of 2016, the surplus was EUR 4 billion. The annual growth in exports slowed to 9.7 percent...

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