European Economic News

Share SHARE

Italy's non-EU trade surplus in March increased from last year, data from the statistical office Istat showed Thursday. The trade surplus advanced to EUR 2.70 billion in March from EUR 2.53 billion last year. In February, the country logged a surplus of EUR 1.37 billion, while there was a deficit...

MarioDraghi-042414.jpg European Central Bank President Mario Draghi said on Thursday that any worsening of the euro area inflation outlook may prompt the bank to adopt a broad-based asset buying scheme. "Unlike the other contingencies, the objective here would not be to defend the current stance, but rather to increase meaningfully the degree of monetary accommodation," Draghi said in a speech in Amsterdam.

Turkey's central bank decided to hold its key interest rates and reiterated to maintain tight monetary policy stance until there is a significant improvement in the inflation outlook. The Monetary Policy Committee on Thursday retained its one-week repo rate at 10 percent. The overnight lending rate...

GermanIfo-042414.jpg Sentiment among German firms improved unexpectedly in April as businesses were more confident about their future activities, a closely watched survey showed Thursday. Even the risks emanating from the Ukraine crisis left business morale untouched. Business confidence rose to 111.2 in April from 110.7 in March, a survey conducted by the Munich-based Ifo Institute, among 7,000 firms, revealed.

Poland's retail sales increased for the eleventh consecutive month in March, but at a slower-than-expected pace, data from the Central Statistical Office showed Thursday. The retail sales index rose 3.1 percent year-on-year in March, after a 7.0 percent increase in February. Economists had foretast...

Ireland's output prices fell for the sixth consecutive month annually in March, data from the Central Statistical Office showed Thursday. The output price index fell 3.1 percent annually in March, following a 1.7 percent decline in February. Producer prices have been falling steadily since October...

U.K. retailers expect sales to expand at a faster pace next month, the latest monthly survey from the Confederation of British Industry showed Thursday. According to Distributive Trades survey, retailers report sales growth for the fifth consecutive month in April. A balance of 30 percent reported...

Poland's unemployment rate fell for a second straight month in March and came in below economists' expectations, figures from the Central Statistics Office showed Thursday. The registered unemployment rate fell to 13.5 percent in March from 13.9 percent in February. Economists had forecast a jobless...

Confidence among German firms improved unexpectedly in April, reports said citing Ifo survey on Thursday.

Foreign visitor arrivals to Turkey during March hardly grew from a year ago, the latest data from the Tourism Ministry showed Thursday. The number of foreigners arriving in Turkey rose just 0.59 percent year-on-year, following a 6.6 percent growth in February. In the same month last year, arrivals...

Dutch producer confidence declined in April from a near three-year high in March, figures from the Central Bureau of Statistics showed Thursday. The producers' confidence index decreased to 0.3 in April from 1.1 in March, which was the highest score since June 2011. In February, the reading was -0.1. Producers...

Dutch household spending declined for the second consecutive month in February, figures from Statistics Netherlands showed Thursday. Consumer spending decreased 1.2 percent from the prior year, following a 1.7 percent drop in January. Households spent less on heating and gas in the first few months...

Czech consumer confidence strengthened to the highest level since April 2008, survey data from the Czech Statistical Office showed Thursday. Consumer sentiment rose to seasonally adjusted -3.8 in April, the strongest since 2008, from -5.5 in March. The survey taken among consumers indicates that...

France's business confidence dropped slightly in April, reversing a modest improvement in the previous month, the latest data from INSEE showed Thursday. A separate survey from INSEE suggested that manufacturers expect a slowdown in foreign demand and see the labor market situation to remain unfavorable...

Finland's producer prices fell for an eighth consecutive month in March and at a faster pace, figures from Statistics Finland showed Thursday. The producer price index dropped 2.1 percent year-on-year in March, after a 1.3 percent decline in February. The latest decrease is the biggest in the series...