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UKRetailSales-011918.jpg UK retail sales in December declined more-than-expected from the previous month when consumers were lured by Black Friday promotions, data from the Office for National Statistics revealed Friday. Retail sales volume dropped by a more-than-expected 1.5 percent from November, when they grew 1 percent. This was the biggest fall since June 2016 and the largest in seven years for the month of December.

Bulgaria's current account turned to a deficit in November from a surplus in the previous year, figures from the Bulgarian National Bank showed Friday. The current account balance came in at a shortfall of EUR 155.2 million versus a surplus of EUR 162.4 million in the same month of 2016. The goods...

UK retail sales declined more than expected in December, data from the Office for National Statistics revealed Friday. Retail sales volume dropped by more-than-expected 1.5 percent in December from November, when it grew 1 percent. Economists had forecast a 1 percent fall. Similarly, sales excluding...

Slovenia's output prices continued to rise in December, though at a slower pace than in the previous month, figures from the Statistical Office of the Republic of Slovenia showed Friday. Output prices climbed 2.2 percent year-over-year in December, following a 2.5 percent increase in November. The...

The euro area current account surplus increased in November after falling for two straight months, data from the European Central Bank showed Friday. The current account surplus rose to EUR 32.5 billion from EUR 30.3 billion in October. The surplus on trade in goods increased to EUR 31.1 billion...

Switzerland's producer and import prices increased at a steady pace in December, figures from the Federal Statistical Office showed Friday. Producer and import prices climbed 1.8 percent year-on-year, the same rate as seen in November. On a monthly basis, producer and import prices gained 0.2 percent....

Hungary's employee wage growth accelerated unexpectedly in November after easing in the previous month, figures from the Hungarian Central Statistical Office showed Friday. Gross earnings surged 13.0 percent year-over-year in November, faster than the 12.8 percent spike in October. Meanwhile, economists...

Germany's producer price inflation eased in December, figures from Destatis showed Friday. Producer prices climbed 2.3 percent year-on-year in December, slower than the 2.5 percent increase registered in November. A similar weaker rate was last seen in July. On a monthly basis, producer price...

EEP12-011515_18Jan18.jpg Retail sales data from the UK is due on Friday, headlining a light day for the European economic news.

Bundesbank President Jens Weidmann defended Germany's large budget and current account surpluses after the International Monetary Fund Managing Director Christine Lagarde said the government should make use of surpluses to promote growth. Weidmann said raising public spending in order to reduce Germany's...

Turkey's central bank left its key interest rates unchanged on Thursday for a sixth consecutive session, citing high inflation. The Monetary Policy Committee, led by Governor Murat Cetinkaya, decided to hold the one-week repo rate at 8 percent, in line with economists' expectations. The overnight...

Dutch export growth accelerated in November to the highest level in five months, figures from the Central Bureau of Statistics showed Thursday. The volume of exports advanced 9.4 percent year-over-year in November, well above the 5.1 percent rise in October. Moreover, the latest rate of growth...

Dutch unemployment rate remained stable in December, after falling in the previous two months, figures from the Central Bureau of Statistics showed Thursday. The seasonally adjusted jobless rate came in at 4.4 percent in December, the same rate as in November. In the corresponding month last year,...

The tightening labor market and rising recruitment difficulties is set to lift pay growth this year a bit above the recent subdued trends, Bank of England policymaker Michael Saunders said Wednesday. According to Saunders, the labor market is likely to tighten more this year than markets anticipate...

The world is entering a critical period of intensified risk in 2018, the World Economic Forum said in the Global Risks Report 2018, published on Wednesday. According to the annual report, structural and interconnected nature of risks in 2018 threaten the very system on which societies, economies...

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