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Switzerland's employment increased in the first quarter largely driven by the job creation in the tertiary sector, the Federal Statistical Office said Tuesday. Employment increased to 4.22 million in the first quarter from 4.19 million in the same period of last year. But it fell from 4.23 million...

Hungary's central bank cut its key interest rates by another 15 basis points as expected by economists. The Monetary Council of the Magyar Nemzeti Bank on Tuesday reduced the base rate to a record low 1.65 percent from 1.8 percent. This was the third consecutive reduction in rates. The rate would...

The combined real gross domestic product of the 34-member countries of the Organization for Economic Cooperation and Development grew at a slower pace in the first quarter, a quarterly report from the OECD showed Tuesday. Real gross domestic product advanced 0.3 percent in the first quarter, slower...

British retailers posted strong growth in sales this month and their outlook for sales and orders improved at an even stronger pace in the year to June, the quarterly Distributive Trades Survey from the Confederation of British Industry showed Tuesday. A balance of 51 percent said sales increased...

Sweden's producer price inflation accelerated to its highest level in eight months in April, data from Statistics Sweden showed Tuesday. The producer price index rose 2.4 percent year-over-year in April, faster than previous month's 2.3 percent climb. It was the fourth consecutive monthly increase. The...

Poland's jobless rate declined for the second straight month in April, the Central Statistical Office said Tuesday. The registered jobless rate dropped notably to 11.2 percent in April from 11.7 percent in March. It was expected to drop to 11.3 percent. The unemployment rate stood at 13 percent...

Greece's government on Monday ruled out imposing controls over capital flows over the upcoming long weekend, after an opposition lawmaker suggested the move if the country fails to strike a deal with its creditors soon. Gabriel Sakellaridis, the spokesman for the Greek government, reportedly said...

Latvia's producer prices dropped for the fourth straight month in April, the Central Statistical Bureau said Monday. The annual rate of decline accelerated to 0.6 percent in April from 0.3 percent in March. The producer price index has been declining since January. Producer prices of goods sold...

Malaysia's unemployment rate declined and labor force participation improved in March, the Department of Statistics reported Monday. The jobless rate dropped to 3 percent in March from 3.2 percent in February. This decline reflects a fall of 24,100 in number of unemployed. In March 2014, the unemployment...

Czech economic sentiment improved for the first time in five months, survey figures from the Czech Statistical Office showed Monday. The economic sentiment indicator rose to 10.4 from 10 registered in April and March. It equaled the reading in February and was the highest since January's 11.5. The...

Spain's producer prices declined at a slower pace in April, data from the statistical office INE showed Monday. Producer prices fell 1 percent year-on-year in April after decreasing revised 1.3 percent in March. This was the tenth consecutive fall in producer prices. Excluding energy, producer...

Finland's producer prices continue to drop in April, data from Statistics Finland showed Monday. The producer price index for manufactured products fell 0.3 percent in April from last year, but slower than the 0.8 percent decrease seen in March. Prices declined at the slowest pace since October. Producer...

Belgium's consumer confidence rose for the first time in three months in May to reach its highest level in four years, on the back of significant improvement in the macroeconomic outlook during the month, the National Bank of Belgium said Friday. The consumer confidence indicator climbed to -3 from...

Bank of England Deputy Governor Minouche Shafik said productivity growth is likely to resume and factors pulling inflation down could be temporary. "I think it is reasonable to expect that resumption in productivity growth to come over the next year or so as the continued narrowing of slack in the...

Draghi-052215.jpg European Central Bank President Mario Draghi reiterated on Friday that euro area economic conditions have improved, indicating a cyclical recovery, and urged the region's governments to make progress on structural reform that is essential to sustain the momentum. "The economic outlook for the euro area is brighter today than it has been for seven long years," he said.

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