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The Bank of England's current policy stance is appropriate as output has been better-than-expected amid a pick-up in inflation and there was no need to raise interest rates in the near term, the bank's chief economist Andrew Haldane said Friday.

UK-CPMI-120216.jpg U.K. construction sector expanded at a faster pace in November on robust activity and new orders, survey data from IHS Markit showed Friday. The Markit/Chartered Institute of Procurement & Supply construction Purchasing Managers' Index rose unexpectedly to 52.8 in November from 52.6 in October.

Ireland's industrial production declined in October after rebounding in the previous month, preliminary figures from the Central Statistics Office showed Friday. Industrial production fell 4.2 percent month-over-month in October, reversing a 7.3 percent spike in September. Among sectors, mining...

Swiss-GDP-120216.jpg Switzerland's economic activity stagnated in the third quarter as the strength in investment was offset by negative net trade, the State Secretariat for Economic Affairs said Friday. Gross domestic product was unchanged in the third quarter after expanding 0.6 percent a quarter ago. The economy was forecast to grow 0.3 percent.

Eurozone producer prices rose for the second straight month in October, and at a faster-than-expected pace, figures from Eurostat showed Friday. Industrial producer prices climbed 0.8 percent month-over-month in October, exceeding economists' expectations for an increase of 0.4 percent. That was also...

U.K. construction activity expanded at a faster pace in November, survey data from IHS Markit showed Friday. The Markit/Chartered Institute of Procurement & Supply construction Purchasing Managers' Index rose unexpectedly to 52.8 in November from 52.6 in October. The score was forecast to fall to...

Spain's unemployment increased in November, data from the labor ministry showed Friday. The number of registered unemployed increased by 24,841 in November from prior month. Consequently, the people out of work totaled 3.78 million. Compared to previous year, unemployment decreased by 359,475...

Sweden's current account surplus increased notably in the three months ended September, mainly due to an improvement in the primary income, figures from Statistics Sweden showed Friday. The current account surplus rose to SEK 56.7 billion in the third quarter from SEK 27.7 billion in the second quarter....

Hungary's foreign trade surplus increased less than initially estimated in September, latest figures from the Hungarian Central Statistical Office showed Friday. The trade surplus for September was revised down slightly to EUR 1.01 billion from EUR 1.04 billion reported earlier. In the corresponding...

The Czech economy expanded less than estimated in the third quarter, the Czech Statistical Office reported Friday. Gross domestic product grew 0.2 percent sequentially instead of 0.3 percent estimated on November 15. In the second quarter, the economy had expanded 0.9 percent. Household consumption...

Finland's economy grew in the third quarter, after contracting in the previous three months, preliminary data from Statistics Finland showed Friday. Gross domestic product grew a seasonally adjusted 0.4 percent from the second quarter, which was slightly slower than the 0.5 percent expansion estimated...

Switzerland's economic growth remained flat in the third quarter as increase in investment was offset by net trade, the State Secretariat for Economic Affairs said Friday. Gross domestic product registered nil growth in third quarter after expanding 0.6 percent a quarter ago. The economy was forecast...

EEP13-011515_01Dec16.jpg Purchasing Managers' survey results from the U.K. and quarterly national accounts from Switzerland are due on Friday, headlining a light day for the European economic news.

ukmanufacturing-120116.jpg British manufacturing sector expanded for the fourth straight month in November, but the pace of growth slowed unexpectedly, as a weaker currency drove up prices. The Markit/CIPS Purchasing Managers' Index, or PMI, fell to 53.4 from 54.2 in October and September's 27-month high, survey results from IHS Markit showed Thursday.

Swiss retail sector turnover declined less than expected in October, data from the Federal Statistical Office revealed Thursday. Retail turnover dropped 0.5 percent in October from prior year, much smaller than the expected 2.2 percent decrease. On a monthly basis, retail sales growth accelerated...

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