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MarioDraghi-ECB-030415.jpg The European Central Bank on Thursday is set to detail its historic $1.1 trillion quantitative easing plan announced in January and present its latest batch of growth and inflation forecasts for the euro area, after what is likely to be an otherwise uneventful rate-setting session now that the drama...

EurozoneRetailSales-030415.jpg Eurozone retail sales grew at the fastest pace in nearly two years and the private sector activity in all big-four economies in the bloc expanded for the first time since April 2014. Retail sales rose 1.1 percent on a monthly basis in January, faster than a revised 0.4 percent growth in December, a report from Eurostat revealed Wednesday. A similar 1.1 percent rise was last seen in May 2013.

Ireland's unemployment rate eased for the second straight month In February, figures from the Central Statistical Office showed Wednesday. The seasonally adjusted standardized unemployment rate fell to 10.1 percent in February from 10.3 percent in the previous month. In December, the jobless rate...

Luxembourg's consumer prices increased slightly in February, after falling in the previous two months, figures from the statistical office STATEC showed Wednesday. The consumer price index rose 0.1 percent year-on-year in February, reversing a 0.4 percent drop in January. It was the first increase...

Eurozone retail sales growth accelerated unexpectedly in January on both food and non-food turnover, Eurostat reported Wednesday. Retail sales were up 1.1 percent on a monthly basis, faster than a revised 0.4 percent growth in December. The monthly growth rate was forecast to ease to 0.2 percent from...

The U.K. service sector expansion slowed unexpectedly in February, survey data from Markit showed Wednesday. The Markit/Chartered Institute of Purchasing and Supply Purchasing Managers' Index for the service sector decreased to 56.7 in February from 57.2 in January. The score was forecast to rise...

Slovakia's retail sales remained unchanged at the start of the year, after increasing at a faster pace in the previous month, preliminary figures from the Statistical Office of the Slovak Republic showed Wednesday. Retail trade, except of motor vehicles and motorcycles, remained flat in January, following...

The Eurozone private sector expanded in February albeit at a slower than initially estimated pace, survey data from Markit Economics showed Wednesday. The composite output index rose to 53.3 in February from 52.6 in January. The reading was slightly below the flash score of 53.5. Nonetheless,...

Italy's service sector activity stagnated unexpectedly in February after expanding in the previous month, survey figures from Markit Economics showed Wednesday. The headline Markit/ADACI services Purchasing Managers' Index decreased to 50 in February from 51.2 in January. Economist had forecast the...

Hungary's retail sales growth accelerated unexpectedly at the start of the year, preliminary figures from the Hungarian Central Statistical Office showed Wednesday. Retail sales climbed a calender adjusted 8.2 percent year-over-year in January, much faster than December's 5.7 percent growth. Economists...

Spain's service sector expansion slowed more than expected in February, but remained solid, survey data from Markit Economics showed Wednesday. The headline services purchasing managers' index, or PMI, edged down to 56.2 in February from 56.7 in January, less than the consensus estimate of 56.6. This...

Sweden's service sector growth slowed at a faster than expected pace in February, survey data from Swedbank showed Wednesday. The purchasing managers' index for the service sector, or PMI, fell to 56.7 in February from January's six-month high of 57.9. The reading was forecast to fall to 57.6....

Service sector activity in Ireland expanded at a slower rate in February, results of a survey by Markit Economics showed Friday. The Investec purchasing managers' index, or PMI, for the services sector fell to 61.4 in February from 62.5 in January. This marked a strong rate of expansion despite the...

Shop prices in the United Kingdom declined at a faster rate in February, defying expectations for a slower drop, the British Retail Consortium said on Wednesday. Shop prices fell 1.7 percent year-over-year after the 1.3 percent drop in January. Economists expected a 1.2 percent drop. This was the...

Consumer price inflation in the developed economies eased for the third straight month in January to its lowest level in more than five years, dragged down by further decline in energy prices, figures from the Organization for Economic Cooperation and Development, or OECD, revealed Tuesday. The consumer...

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