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Draghi-ECB-111717.jpg Eurozone's robust economic recovery is still supported by the massive monetary stimulus that would help inflation to return to target, European Central Bank President Mario Draghi said Friday.

Portugal's producer price inflation held steady in October, after accelerating in the previous two months, figures from Statistics Portugal showed Friday. Industrial producer prices climbed 2.7 percent year-over-year in October, the same rate of increase as in September. The measure has been rising...

Italy's current account surplus increased in September from a year ago, the Bank of Italy reported Friday. The current account surplus rose to EUR 4.3 billion in September from EUR 3.9 billion in the same month of 2016. The trade in goods showed a surplus of EUR 5.03 billion compared to EUR 4.3...

Eurozone construction output increased for the first time in three months in September, though slightly, figures from Eurostat showed Friday. Construction output rose a seasonally adjusted 0.1 percent month-over-month in September, after remaining flat in August, which was revised from a 0.2 percent...

There is little evidence that the monetary policy is currently doing harm to banks' profitability, European Central Bank President Mario Draghi said Friday. "If there are any negative effects of low rates on net interest income in the future, they should be largely offset by the positive effects...

The euro area current account surplus rose to a record high in September, figures from the European Central Bank showed Friday. The seasonally adjusted current account surplus grew to EUR 37.8 billion in September from EUR 34.5 billion in August. Moreover, this was the highest surplus since the...

Current account data from euro area is due on Friday, headlining a light day for the European economic news. At 3.30 am ET, European Central Bank President Mario Draghi is set to speak in Frankfurt. At 4.00 am ET, the ECB releases euro area current account figures for September. The current account...

Markets should not expect the European Central Bank to increase its asset purchases once the ongoing program ends and the bank will adopt a gradual approach to policy normalization, the bank's Executive Board member Yves Mersch said Thursday. "I do not expect that the market would be right to anticipate...

The European Central Bank is more confident that inflation will gradually reach its target of "below, but close to 2 percent" and the planned reduction in the monthly asset purchases reflects the same, the bank's chief economist Peter Praet said Thursday. "The recalibration of our asset purchases...

Retailsales-UK-111617.jpg UK retail sales grew only moderately in October on weak food and clothing demand, the Office for National Statistics reported Thursday. Retail sales increased 0.3 percent in October from September, but slightly faster than the expected 0.2 percent and reversed the 0.7 percent drop seen in September.

Malta's EU measure of inflation accelerated in October after remaining stable in the previous two months, figures from the National Institute of Statistics showed Thursday. The harmonized index of consumer prices, or HICP, rose 1.5 percent year-over-year in October, faster than the 1.2 percent increase...

Carney-BoE-111617.jpg The Bank of England stands ready to support the UK economy during the Brexit transition period irrespective of whether the government strikes a deal with the European Union, the bank's chief Mark Carney said Thursday. "We will do whatever we can to support the economy during the transition... - whether...

Croatia's consumer price inflation held steady in October, after accelerating in the previous three months, figures from the Croatian Bureau of Statistics showed Thursday. The consumer price index climbed 1.4 percent year-over-year in October, the same rate of increase as in September. The measure...

Sweden's unemployment rate increased for the second straight month in October, in line with expectations, figures from Statistics Sweden showed Thursday. The jobless rate edged up to 6.3 percent in October from 6.2 percent in September. In the corresponding period of 2016, the unemployment rate...

Eurozone inflation slowed slightly as initially estimated in October, final data from Eurostat showed Thursday. Inflation eased to 1.4 percent in October from 1.5 percent in September. The rate came in line with the flash estimate released on October 31. On a monthly basis, the HICP gained 0.1...

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