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EurozonePMI-022117.jpg Eurozone private sector activity gained momentum in February, amid strong job creation, robust order books and business optimism, leading to the fastest expansion in nearly six years.

BOE-Carney-022117.jpg The Bank of England will not hesitate to change policy if deemed appropriate, Governor Mark Carney said at a parliamentary committee hearing on Tuesday. The BoE Chief defended the bank's estimate on unemployment when Andrew Tyrie, the chairman of Parliament's Treasury Committee, questioned the bank's estimate of spare capacity.

A sharp rise in market interest rates, in expectation of the bank rate being raised in the near future, would tighten credit conditions and potentially hit both consumer spending and business spending, Andrew Haldane, Bank of England's chief economist said Tuesday. "In the current fragile environment,...

Ireland's consumer prices increased at the start of the year, figures from the Central Statistics Office showed Tuesday. The consumer price index rose 0.3 percent year-over-year in January, after remaining flat in the previous month. Transport costs climbed 2.8 percent annually in January and prices...

The Bank of International Settlements delayed the appointment of the Mexico's central bank chief at its helm, thus confirming press reports that the government asked him to remain at his current post amid an inflation surge and heightened uncertainty due to the protectionist policies of the U.S. President...

Luxembourg's unemployment rate decreased slightly in January, after rising in the previous month, figures from the statistical office STATEC showed Tuesday. The seasonally adjusted jobless rate edged down to 6.2 percent in January from 6.3 percent in December. In the corresponding month last year,...

Britons are more concerned now about the economy than terrorism and immigration, after the 'Brexit' vote in June, survey data from market research company Nielsen showed Tuesday, as the government prepares to launch a formal exit process from the EU by the end of March. The survey showed that economy...

Cyprus' EU measure of inflation rose for the second straight month in January, figures from the Statistical Service showed Tuesday. The harmonized index of consumer prices, or HICP, climbed 0.7 percent year-over-year in January, faster than the 0.1 percent slight increase in December. The annual...

The UK budget balance showed the biggest surplus for January since 2000, the Office for National Statistics showed Tuesday. Public sector net borrowing, excluding public sector banks, showed a surplus of GBP 9.4 billion, which was GBP 0.3 billion larger surplus than in January 2016. This was the highest...

The Eurozone private sector growth improved markedly to hit a near six-year high in February, flash survey data from IHS Markit showed Tuesday. The composite output index rose to a 70-month high of 56.0 in February from 54.4 in January. The latest reading was the highest since April 2011 and well...

Germany's private sector expanded at the fastest pace in nearly three years in February driven by manufacturing activity, flash data from IHS Markit showed Tuesday. The composite output index rose to a 34-month high of 56.1 in February from 54.8 in January. A reading above 50 indicates expansion....

France's private sector expanded at the sharpest pace in nearly six years in February, driven by roust growth in services activity, flash data from IHS Markit showed Tuesday. The flash composite output index climbed to a 69-month high of 56.2 in February from 54.1 in January. Any reading above 50...

France inflation accelerated less than initially estimated in January, final data from the statistical office Insee showed Tuesday. Consumer prices advanced 1.3 percent year-on-year in January, faster than December's 0.6 percent increase but slower than the flash estimate of 1.4 percent. Nonetheless,...

Greece and its lenders reached an agreement on Monday to allow a team of experts to work out structural reforms for the country's tax and pensions systems, and also labor market regulation, thus easing a crucial standoff between the government and its global creditors that had raised fresh concerns over...

Switzerland's trade surplus increased in January as imports declined sharply from the previous month, the Federal Customs Administration reported Tuesday. The trade surplus rose to CHF 4.7 billion in January from CHF 2.7 billion in December. Month-on-month, exports fell 4 percent, in contrast...

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