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Sweden's National Institute of Economic Research on Wednesday lowered the country's growth forecasts for this year, citing the lack of stimulus from exports. The think tank cut the 2014 GDP growth projection to 1.8 percent from 2.2 percent seen in June. The forecast for 2015, meanwhile, was raised...

GFK-082714.jpg German consumer sentiment is set to weaken in September for the first time since early 2013 as intensified geopolitical tensions are likely to shift the economy into lower gears. The forward-looking consumer confidence index fell to 8.6 from a revised score of 8.9 in August, a survey by the market research group GfK, based on responses from 2,000 households, showed Wednesday.

Turkey's central bank lowered its overnight lending rate unexpectedly and kept other main rates unchanged on Wednesday. The Monetary Policy Committee, led by Governor Erdem Basci, maintained the one-week repo rate at 8.25 percent as widely expected by economists. The bank last month cut the rate by...

Lithuania's retail sales rose in July from a year ago, preliminary figures from the Department of Statistics showed Wednesday. Retail sales, excluding VAT, rose 4.1 percent year-on-year in July. Stripping off automotive fuel, sales climbed 3.9 percent. Sale of non-food products surged 6.3 percent...

Sweden's economic confidence improved in August, as majority of the sectors showed increased confidence, data from the National Institute of Economic Research showed Wednesday. The economic tendency indicator rose to 103.2 in August from 100.8 in July. Economists had expected a score of 101.3. The...

Slovenia's import prices continued to decline in July, figures from the Statistical Office of the Republic of Slovenia showed Wednesday. The import price index fell 1.1 percent year-on-year in July, but slightly slower than June's 1.2 percent decline. Import prices have been falling since last August. Import...

Iceland's consumer price inflation slowed in August, after accelerating in the previous month, a report from Statistics Iceland showed Wednesday. The consumer price index grew 2.2 percent year-over-year in August following the 2.4 percent increase in July. The increase in August equaled the growth...

Sweden's foreign trade surplus declined in July, figures from Statistics Sweden showed Wednesday. The foreign trade surplus fell to SEK 1.9 billion in July from SEK 5.4 billion in the previous month. During the same month last year, the surplus was SEK 3.8 billion. Economists had forecast the surplus...

The leading economic indicators index for the eurozone that reflects performance of the economy in the near term rebounded in July, the results of a survey by the Conference Board showed Wednesday. The Conference Board's leading economic indicators index increased 0.3 percent month-over-month in July...

Confidence among consumers in Italy declined more than expected in August, a report from statistical office Istat showed Wednesday. The consumer confidence index fell to 101.9 in August from 104.4 in July. Economists had expected the index to drop to 104. This marked the third straight month of fall. The...

Hungary's unemployment rate dropped slightly in the three months to July, figures from the Hungarian Central Statistical Office showed Wednesday. The jobless rate came in at 7.9 percent in the three month period to July. That was followed by an 8.0 percent rate for the April to June period. Economist...

Norway's unemployment rate came in at 3.3 percent in June, the labor force survey from Statistics Norway showed Wednesday. The expected rate for June was 3.2 percent. Nonetheless, the jobless rate was down 0.1 percentage points or 2,000 persons from March. But it remained within in the error margin....

Finland's business confidence improved in August, survey results from the Confederation of Finnish Industries showed Wednesday. The business confidence index rose by 2 points to -8 in August from a revised -10 points in the previous month. But the index still remains well below its long-term average...

Confidence among business managers in the main sectors in France declined unexpectedly in August, survey data from the statistical office INSEE showed Wednesday. The overall business confidence index fell to 91 in August from 93 in July. Economists had expected the index to remain stable at 93. The...

Finland's consumer confidence worsened notably in August to reach its lowest level since late 2012, after reaching a six-month high in the previous month, figures from Statistics Finland showed Wednesday. The consumer confidence index fell to 2.2 in August from 9.4 in July. The latest score was the...