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Sweden's unemployment rate is likely to ease in the coming months of this year, while the annual employment growth may slow, Stephen Brown, an economist at Capital Economics, said this week. Official data released on June 20 showed that the seasonally adjusted jobless held steady at 6.7 percent in...

The improvement in the economic sentiment suggest strong and broad-based growth in the Swedish economy over the coming months of 2017, consistent with an acceleration in wage growth and a pick-up in underlying inflation, Stephen Brown, an economist at Capital Economics, said this week. The economic...

Eurozone consumer confidence is unlikely to rise much further in the next year, despite a fairly strong economic outlook, Jack Allen, an economist at Capital Economics, said. The euro-zone consumer confidence improved to -1.3 in June from -3.3 in May, official data revealed on June 22. The score was...

Belgium's business confidence deteriorated for a second consecutive day in June amid weakness in manufacturing, business services and trade, survey data from the National Bank of Belgium showed Friday. The business confidence index dropped to -2 from -1.1 in May. The confidence measure for the...

Eurozonepmi-062317.jpg Eurozone private sector growth moderated in June from a six-year high due to a slowdown in services activity, yet the economy enjoyed the best quarter for six years, the flash data from the Purchasing Managers' survey by IHS Markit showed Friday. The composite output index fell to 55.7 in June from a joint six-year high of 56.8 in May.

Turkey's manufacturing capacity utilization increased for a third straight month in June to its highest level in nearly nine years, figures from the Turkish central bank showed Friday. The capacity utilization rate rose to 79 percent from 78.8 percent in May. The rate was the highest since September...

Iceland's wage growth accelerated for the first time in thirteen months in May, figures from Statistics Iceland showed Friday. The wage cost index climbed 7.8 percent year-over-year in May, faster than the 4.9 percent rise in April. On a monthly basis, wage index rose 3.2 percent from April, when...

ECB-062317.jpg The European Central Bank has sought more supervisory powers over the clearing activities, in a bid to secure control of the London-based euro clearing post-Brexit. The Governing Council, led by ECB President Mario Draghi, has recommended an amendment to Article 22 of the Statute of the European System of Central Banks and of the European Central Bank, the bank announced on Friday.

Germany's real wages grew at a slower pace in the three months ended March, figures from Destatis showed Thursday. Real wages rose 0.6 percent year-over-year in the first quarter, following a 1.1 percent increase in the previous quarter. Although consumer prices increased 1.9 percent during the...

Switzerland's economy is forecast to grow at a slightly slower than previously projected pace in 2017, the KOF Economic Institute said in its Summer Forecast, released on Friday. The think tank forecast economic growth of 1.3 percent instead of 1.5 percent projected in March. The downward revision...

The total value of new orders received by the German construction industry increased in April, data from Destatis showed Friday. The seasonally, working-day and price-adjusted orders in construction rose 0.9 percent month-over-month in April. On a yearly basis, construction new orders climbed...

Austria's production index increased in April from a year ago, figures from Statistics Austria showed Friday. The production index that combines output of both industry and construction, rose a working-day-adjusted 3.3 percent year-over-year in April. Construction output advanced 4.3 percent annually...

The French economy expanded more than previously estimated in the first quarter, detailed report from the statistical office Insee showed Friday. Gross domestic product grew 0.5 percent sequentially, revised up from 0.4 percent estimated previously. The pace of growth thus matched the rate seen in...

Italy's industrial orders decreased for the second straight month in April, figures from the statistical office Istat showed Friday. Industrial orders fell a seasonally adjusted 0.7 percent month-over-month in April, much slower than the 4.3 percent decline in March. Exports orders slid 1.0 percent...

The euro area private sector grew at the slowest pace in five months in June, flash survey data from IHS Markit showed Friday. The composite output index fell to 55.7 in June from a joint six-year high of 56.8 in May. The score was forecast to drop moderately to 56.6. However, at 56.4, the average...

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