European Economic News

Share SHARE

U.K. car production declined in September due to a planned re-tooling for model changes, the Society of Motor Manufacturers and Traders said Thursday. However, car manufacturing recorded its best year-to-date performance since 2008, the industry body said. Output totaling 137,068 units in September...

Ireland's house price inflation accelerated for a sixth straight month in September, figures from the Ireland Central Statistics Office showed Wednesday. The residential property price index rose 15 percent year-on-year following 14.9 percent increase in August. House prices have been rising since...

The incoming President of the EU executive Jean-Claude Juncker said he plans to present a EUR 300 billion investment package to bolster growth and create employment. "If you give us your support today, we will present the jobs, growth and investment package before Christmas," he told the European...

BoE-102214.jpg Bank of England policymakers decided to leave its key rate at a historic low of 0.50 percent in a split vote for the third straight time at the meeting held early this month as a majority of members noticed increased risks from slowing global economy, especially in euro area. Ian McCafferty and Martin Weale sought a quarter point hike in the bank rate, to 0.75 percent.

European Central Bank Governing Council member Luc Coene said the central bank could expand its stimulus measures to purchasing instruments other than covered bonds and asset-backed securities, but there is no concrete proposal on corporate bonds, currently. In an interview published in Belgian dailies...

Iceland's wage cost growth slowed in September, a report from Statistics Iceland showed Wednesday. Wage cost increased 6.2 percent year-on-year, slower than the 6.3 percent rise in August. On a monthly basis, wage cost gained 0.7 percent versus the 0.6 percent increase in the previous month. The...

Bank of England policymakers decided to maintain its key rate at a record low 0.50 percent in a split vote for the third straight time at the meeting held early this month. As seen in the previous two meetings, Ian McCafferty and Martin Weale sought a quarter point hike in the bank rate, to 0.75 percent,...

A leading indicator of Spain's economy decreased in August, results of a survey by the Conference Board showed Wednesday. The Conference Board leading economic index fell 0.2 percent month-over-month in August after a revised 0.4 percent increase in July. Two out of the six sub-components grew...

Denmark retail sales declined for the first time in three months in September, data from Statistics Denmark showed Wednesday. Retail sales were down 0.9 percent month-on-month in September following a 0.5 percent rise in August and flat growth in July. The decline was largely caused by a 7.1 percent...

EEP3-091614_22Oct14.jpg Monetary Policy minutes from the Bank of England and speeches by European Central Bank officials are among the few economic events expected on Wednesday. At 4:30 am ET, the Bank of England will release the minutes of its October monetary policy meeting. At the meeting, the monetary policy committee...

The European Central Bank is reportedly considering buying corporate bonds on the secondary market, reports said Tuesday. The central bank may take a decision regarding the matter as soon as December with an aim to start the purchases early next year, Reuters reported citing four unidentified sources...

Latvia's industrial producer prices rose at a slower annual rate in September, figures from the Central Bureau of Statistics showed Tuesday. The producer price index rose 0.3 percent year-on-year after climbing 0.5 percent in August. Prices increased for a fourth straight month. Prices in the...

The Eurozone 2013 budget deficit was lower than previous estimates, according to data based on European System of Accounts 2010 methodology. The budget deficit came in at 2.9 percent of GDP in 2013 instead of 3 percent calculated under ESA95 methodology, Eurostat reported Tuesday. The deficit...

Greece's current account surplus for August increased from the same month last year, figures from the Bank of Greece showed Tuesday. The current account surplus rose to EUR 1.8 billion from EUR 1.2 billion a year ago. This increase was mainly due to higher services surplus in August. The surplus...

The U.K. budget deficit increased in September from last year, data published by the Office for National Statistics showed Tuesday. Public sector net borrowing excluding interventions totaled GBP 11.8 billion in September, an increase of GBP 1.6 billion from the same period of last year. This increase...