European Economic News

Share SHARE

OECD-112514.jpg A prolonged stagnation in the euro area could hurt global growth and stronger policy responses are needed to avoid such risks, the Organisation for Economic Co-operation and Development (OECD) said Tuesday. In its latest Economic Outlook, the Paris-based think tank said any prolonged stagnation in the euro area could drag down global growth.

Hungary's central bank left its key interest unchanged at record low for a fourth consecutive month on Tuesday, even as consumer prices keep falling. The Monetary Council of the Magyar Nemzeti Bank kept its key rate steady at 2.10 percent. The decision matched economists' expectations. In October,...

The pace of decline in Italy's retail sales slowed sharply in September, figures from the statistical office Istat showed Tuesday. Retail sales dropped 0.5 percent year-on-year in September, much slower than August's 3.0 percent decline. It was the fifth consecutive decline, but the weakest since...

The geopolitical situation remains difficult and global economic conditions deteriorated, Bank of England Governor Mark Carney said at the Treasury Select Committee hearing on Tuesday. The combination of geopolitical situation and weak global growth suggests a heightened degree of external risks to...

Sweden's producer prices rose at a faster pace in October, after easing in the previous month, figures from Statistics Sweden showed Tuesday. Producer prices climbed 2.1 percent year-on-year in October, following a 1.7 percent rise in September. The export price index rose 4.1 percent annually...

Poland's jobless rate declined for the eighth month in a row and at a faster-than-expected pace in October, figures from the Central Statistical Office showed Tuesday. The unemployment rate dropped to 11.3 percent in October from 11.5 percent in the previous month. Economists had forecast a figure...

Austria's production index for September declined from a year ago, figures from Statistics Austria showed Tuesday. The production index, which combines industrial production and construction, fell a working-day adjusted 2.2 percent yearly in September. Industrial production dropped 1.1 percent,...

U.K. mortgage approvals declined to the lowest level since May 2013, a report from the British Bankers' Association showed Tuesday. The number of mortgage approvals fell to 37,076 in October from 39,127 in September. It was forecast to fall to 38,500. This was the lowest since May 2013. "Despite...

Spain's producer prices declined for the fourth consecutive month in October, the statistical office INE reported Tuesday. Producer prices were down 0.2 percent year-on-year after easing 0.3 percent in September. Month-on-month, producer prices slid 0.5 percent offsetting a 0.5 percent rise in September....

French business sentiment among manufacturers improved in November, survey data from the statistical office Insee showed Tuesday. The business confidence index rose to 99 in November from a revised score of 98 in October. Economists had forecast the index to remain unchanged at 97, which was the initial...

Finland's unemployment rate rose marginally in October, defying economists' expectation for a decline, figures from Statistics Finland showed Tuesday. The jobless rate rose to 8.3 percent in October from 8.2 percent in the previous month. Economist had forecast an 8.0 percent for October. In the same...

The German economy expanded as initially estimated in the third quarter, a detailed report released by the Destatis showed Tuesday. Gross domestic product gained 0.1 percent from a quarter ago, offsetting the 0.1 percent fall in the second quarter. Positive contributions came mainly from household...

preview-112514.jpg Revised quarterly national accounts from Germany and business confidence from France are due on Tuesday, headlining a busy day for the European economic news.

Latvia's unemployment rate dropped slightly in the third quarter, figures from the Central Statistical Bureau of Latvia showed Monday. The jobless rate fell to 10.6 percent in the third quarter from 10.7 percent from the previous quarter. It was the lowest level since the fourth quarter of 2008, when...

Latvia's producer prices declined for the first time in five months in October, figures from the Central Bureau of Statistics showed Monday. The producer price index fell 0.1 percent year-on-year in October, after a 0.3 percent rise in the previous month. Producer prices in the domestic market...