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Switzerland's economy is set to contract this year owing to the 'franc-shock' and falling oil prices, the KOF Swiss Economic Institute said Wednesday. The Zurich-based think-tank slashed the growth projection for this year to -0.5 percent from 1.9 percent seen in December. The forecast for next year...

Ireland's residential property prices growth accelerated slightly in December, figures from the Central Statistical Office showed Wednesday. The residential property price index surged 16.3 percent year-on-year in December, following a 16.2 percent growth in November. In October, prices climbed 16.3...

Austria's economy is set to expand an average 1.25 percent between 2015 and 2019, the Austrian Institute of Economic Research or WIFO, said on Wednesday. The economy was estimated to have expanded 0.5 percent between 2012 and 2015, the think tank said. The WIFO also retained its December projections...

Permits issued for residential buildings in Romania increased in December from a year ago, figures from the National Institute of Statistics showed Wednesday. The number of dwelling building permits surged 5.1 percent year-on-year in December. On a monthly basis, approved residential building permits...

The German government lifted its growth projections for this year citing robust consumer spending. The economy ministry expects the largest Eurozone economy to expand 1.5 percent this year, up from the prior estimate of 1.3 percent. Gross domestic product was up 1.5 percent in 2014. The number...

Ireland's retail sales volume rose for the second straight month in December at a stable rate, preliminary figures from the Central Statistical Office showed Wednesday. The volume of retail sales climbed a seasonally adjusted 0.5 percent month-on-month in December, the same rate of growth as in the...

Norway's unemployment rate was stable in November, less than the consensus estimate, data from a recent survey showed Wednesday. The seasonally adjusted unemployment rate for November, which is the average for the three months ended December, came in at 3.7 percent, unchanged from the rate in August,...

The unemployment rate in Hungary fell unexpectedly in the three month period to December, figures from the Hungarian Central Statistical Office showed Wednesday. The jobless rate fell slightly to 7.1 percent in the three months ended in December from 7.2 percent in the September to November period....

Slovakia's producer prices fell at a faster pace in December, figures from the Statistical Office of the Slovak Republic showed Wednesday. The producer price index fell 3.5 percent year-on-year in December following a 2.9 percent decrease in the previous month. This was the twenty third consecutive...

GFK-012815.jpg Germany's consumer confidence improved strongly to a 13-year high at the start of the year, as a collapse in energy prices boosted disposable income and raised room for more spending, survey data from the GfK showed Wednesday. The forward-looking consumer confidence index rose more-than-expected to 9.3 in February from 9.0 in January. This was the highest value since November 2001.

France's consumer confidence remained stable in January, defying expectations for a rise, data from statistical office INSEE showed Wednesday. The consumer confidence index came in at 90 in January, the same as in December. This was less than the 91 score expected by economists. The index measuring...

Germany's import prices declined at a faster-than-expected pace in December, figures from the statistical office Destatis showed Wednesday. The import price index fell 3.7 percent year-on-year in December, faster than November's 2.1 percent decline. Economists had forecast a 3.4 percent decrease for...

Swiss consumption indicator increased in December as new car registrations surged, a report from the global financial services firm UBS showed Wednesday. The UBS consumption indicator climbed to 1.42 in December from 1.29 in November. New car registrations gained 20 percent month-over-month in...

German consumer confidence for February improved strongly to a 13-year high, survey data from GfK showed Wednesday. The forward-looking consumer confidence index rose to 9.3 in February from 9 in January. This was the highest value since November 2001, when the score was at 9.6. The outlook for...

The quantitative easing program of the European Central Bank will boost economic growth in Italy, Bank of Italy's Deputy Governor Fabio Panetta said Tuesday. In the Economic bulletin published before the ECB's QE announcement, Italy's economy was forecast to expand 0.4 percent in 2015 and 1.2 percent...

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