logo

European Economic News

Share SHARE

Bundesbank President Jens Weidmann said on Friday that a European solution may be required for the regulatory treatment of sovereign debt, if the ongoing discussions by the Basel Committee fail to produce an agreement. "In contrast to other jurisdictions, the Eurosystem is for good reasons forbidden...

The likelihood of a broad and protracted deflation, afflicting wages and prices, is pretty low, Bank of England Deputy Governor Ben Broadbent said Friday. At a Bundesbank conference, BoE Governor Mark Carney said the next move of the central bank will most likely be a hike in interest rate. Policymaker...

Lithuania's retail sales growth accelerated in February, after easing sharply in the previous month, figures from the Department of Statistics showed Friday. Retail sales, excluding VAT, rose 4.3 percent year-over-year in February, much slower than January's 1.0 percent growth. In December, sales...

Iceland's consumer price inflation accelerated in March, while producer prices increased at a slower pace in February, figures from Statistics Iceland showed Friday. The consumer price index climbed 1.6 percent year-over-year in March, after rising 0.8 percent in the previous month, the same rate...

Ireland retail sales volume grew at the fastest annual pace in seven months in February, data from the Central Statistics Office showed Friday. The retail sales volume rose a seasonally adjusted 8.2 percent annually following an 8 percent gain in the previous month. The latest pace of growth was the...

Norway's retail sales increased at a faster-than-expected pace in February, after falling in the previous month, figures from Statistics Norway showed Friday. Retail sales volume, excluding motor vehicle sales, rose a seasonally adjusted 0.9 percent month-over-month in February, in contrast to a 0.7...

Italy's retail sales grew unexpectedly in January from last year, the statistical office Istat reported Friday. Retail sales grew 1.7 percent year-on-year in January, confounding expectations of 0.3 percent fall. In December, sales gained 0.1 percent, which was the first increase in eight months....

Italy's industrial orders declined in January after recovering in December, the statistical office Istat showed Friday. Industrial orders fell 3.6 percent in January from last month, when it rose 4.5 percent. The decline was driven by a 9 percent fall in non-domestic market. At the same time, domestic...

The eurocoin indicator, which measures the current economic situation in the euro area, rose for the fourth consecutive month in March, a survey by the Bank of Italy and the Centre for Economic Policy Research showed Friday. The eurocoin indicator increased slightly to 0.26 in March from 0.23 in February....

Finland's business confidence improved marginally in March, survey figures from the Confederation of Finnish Industries or EK showed Friday. The manufacturing confidence index rose to -7 in March from -8 in February. The reading is currently well below its long term average score of +1.0, the survey...

UKHousePrice-032715.jpg U.K. house price growth softened for the seventh consecutive month to an 18-month low in March, the Nationwide Building Society reported Friday. House prices advanced 5.1 percent year-on-year in March, slower than February's 5.7 percent increase and a 5.3 percent rise forecast by economists. This was the slowest rate of growth since September 2013.

Sweden retail sales growth slowed notably in February, Statistics Sweden reported Friday. Retail sales rose only 0.2 percent in February from the prior month, when it grew 1.2 percent. Sales were expected to rise by 0.3 percent. On a yearly basis, sales growth slowed to 4.8 percent from 5.1 percent...

The unemployment rate in Hungary increased unexpectedly in the three-month period to February, figures from Hungarian Central Statistical Office showed Friday. The jobless rate climbed to 7.7 percent in the December to February period from 7.4 percent in the November to January period. Economists...

Finland's consumer confidence strengthened for the sixth successive month in March, survey results of Statistics Finland showed Friday. The consumer confidence index rose to 11.2 in March from 10.6 in the previous month. The latest score was the strongest since May 2012, when the reading was 12.0. The...

French consumer confidence improved as expected to the highest level since 2010, survey data from the statistical office Insee showed Friday. The households' consumer confidence index came in at 93 in March versus 92 in February. This was the highest score since November 2010 and came in line with...

Follow RTT