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British car production rose strongly in April driven by a surge in export volumes and marked the ninth straight month of growth survey data from the Society of Motor Manufacturers and Traders revealed Wednesday. Car production grew 16.4 percent year-on-year to 149,334 units, the SMMT said. Export...

German business confidence strengthened more than expected in May, reports said citing survey results from Ifo Institute on Wednesday. The Ifo Business Climate indicator rose to 107.7 in May from 106.6 in April. It was forecast to rise to 106.8. The current conditions index came in at 114.2, up...

Poland's unemployment rate decreased more-than-expected in April, figures from the Central Statistical Office showed Wednesday. The registered jobless rate dropped to 9.5 percent in April from 10.0 percent in the previous month. Economists had expected the rate to fall to 9.6 percent. In the corresponding...

Spain's producer prices declined at the fastest pace in more than six years in April, the statistical office INE said Wednesday. Producer prices declined 6.1 percent year-on-year in April, after easing 5.6 percent in March. This was the biggest fall since July 2009, when prices slid 6.7 percent. Energy...

Eurogroup-052516.jpg Greece's creditors agreed early Wednesday to release the next tranche of bailout funds and allowed debt relief after the International Monetary Fund relaxed its tough stance. After the meeting in Brussels on Tuesday, Eurozone finance ministers welcomed the accord reached between Greece and the institutions that paved the way for the disbursement of EUR 10.3 billion bailout fund.

Austria's production index increased in March from a year ago, figures from Statistics Austria showed Wednesday. The production index, which combines industrial production and construction, grew a working-day-adjusted 2.5 percent year-over-year in March. Industrial production expanded 3.7 percent...

A measure of Swiss consumption increased again in April, largely driven by the positive trends in domestic tourism and new car registrations, survey data from the UBS investment bank showed Wednesday. The UBS Consumption Indicator climbed to 1.47 points in April from 1.40 in the previous month, signalling...

German consumer confidence is set to strengthen in June as the economy is expected to grow over coming months, survey data published by the research group GfK showed Wednesday. The forward-looking consumer sentiment index rose to 9.8 in June from 9.7 in May. It was forecast to remain unchanged in...

EEP10-011515_25May16.jpg Business and consumer sentiment survey results are due from Germany on Wednesday, headlining a light day for the European economic news.

Hungary's central bank slashed its key interest rate for a third straight month on Tuesday, in line with economists' expectations. The Monetary Council of the Magyar Nemzeti Bank reduced the base rate by 15 basis points to 0.90 percent, effective May 25. In March, the bank had reduced the rate...

Bank of England Governor Mark Carney said the bank is responsible to warn Britons about the risks that would arise if people vote to leave EU in the referendum on June 23. The central bank has responsibility to the British people, who don't want risks kept from them, Carney said at the parliament's...

GermanZEW-052416.jpg German economic sentiment unexpectedly weakened in May as financial experts found it unlikely that the biggest euro area economy would repeat its stellar first quarter performance as the uncertainty linked to the "Brexit" clouded outlook.

Turkey's central bank lowered its key lending rate further, while retaining the repo and borrowing rates on Tuesday. The Monetary Policy Committee of the Turkish central bank trimmed the Marginal Funding Rate by 50 basis points to 9.50 percent from 10 percent as expected by economists. This was the...

Croatia's jobless rate dropped to an eight month low in April, figures from the Croatian Bureau of Statistics showed Tuesday. The unemployment rate fell to 15.9 percent in April from 17.2 percent in March. A similar lower rate was last seen in September 2015 and was the lowest since August 2015. In...

U.K. retail sales volume recovered in May but it was forecast to drop slightly next month, the Distributive Trades Survey from the Confederation of British Industry showed Tuesday. The retail sales balance rose to +7 percent in May from -13 percent in the prior month. Nonetheless, the score was slightly...

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