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Eurozone banks must prepare themselves for the worst case scenario of a hard Brexit and they must accelerate their preparatory work, European Central Bank Executive Board member Sabine Lautenschlager said Wednesday. "I have a very clear message to both smaller and larger banks: the clock is ticking,"...

EurozoneGDP-081617.jpg The euro area economy expanded as initially estimated in the second quarter with better contribution from individual economies. Gross domestic product grew 0.6 percent quarter-on-quarter, slightly faster than the 0.5 percent increase seen in the first three months of the year, the latest flash estimate from Eurostat showed Wednesday.

Slovakia's economic growth improved for the second straight quarter in the three months ended June, preliminary data from the Statistical Office of the Slovak Republic showed Wednesday. Gross domestic product advanced an unadjusted 3.3 percent year-over-year in the second quarter, faster than the...

UKunemployment-081617.jpg The UK unemployment rate declined further in the second quarter to the lowest level in 42 years and earnings growth exceeded expectations, but continued to lag behind inflation, squeezing consumers' disposable income. The ILO unemployment rate fell to 4.4 percent in the second quarter from 4.9 percent a year ago, data from the Office for National Statistics showed Wednesday.

Dutch export growth accelerated sharply in June to the highest level in six-and-a-half years, figures from the Central Bureau of Statistics showed Wednesday. The volume of exports surged a working-day-adjusted 11.0 percent year-over-year in June, much faster than the 3.2 percent rise in May. The measure...

Czech producer price inflation moderated for the third straight month in July, figures from the Czech Statistical Office showed Wednesday. Industrial producer prices rose 1.1 percent year-over-year in July, slower than the 1.3 percent increase in June. The measure has been rising since January. Among...

Bulgaria's economic growth improved for the second straight quarter in the three months ended June, though marginally, preliminary figures from the National Statistical Institute showed Wednesday. Gross domestic product advanced a seasonally adjusted 3.6 percent year-over-year in the second quarter,...

Poland's economic growth eased at a slower-than-expected pace in the three months ended June, preliminary figures from the Central Statistical Office of Poland showed Wednesday. Gross domestic product expanded an unadjusted 3.9 percent year-over-year in the second quarter, just below the 4.0 percent...

The euro area economy expanded as initially estimated in the second quarter, flash estimate from Eurostat showed Wednesday. Gross domestic product grew 0.6 percent quarter-on-quarter, slightly faster than the 0.5 percent increase seen in the first quarter. Eurostat confirmed the preliminary estimate...

Italy's economy expanded at a steady pace in the second quarter, preliminary data from Istat showed Wednesday. Gross domestic product grew 0.4 percent sequentially in the second quarter, the same rate as seen in the first quarter. The rate also came in line with expectations. On a yearly basis,...

The UK unemployment rate declined in the second quarter, data from the Office for National Statistics showed Wednesday. The ILO unemployment rate fell to 4.4 percent in the second quarter from 4.9 percent a year ago. This was the lowest since 1975. Economists had forecast a rate of 4.5 percent,...

Dutch economic growth rebounded strongly in the three months ended June, driven by higher exports and consumption, preliminary data from the Central Bureau of Statistics showed Wednesday. Gross domestic product advanced 1.5 percent sequentially in the second quarter, following a 0.6 percent rise in...

The Czech economy grew at a faster pace in the second quarter, preliminary data from the Czech Statistical Office showed Wednesday. Gross domestic product grew 2.3 percent sequentially in the second quarter, faster than the 0.8 percent growth economists had forecast and 1.5 percent seen in the first...

Hungary's economic growth eased more-than-expected in the three months ended June, preliminary figures from the Hungarian Central Statistical Office showed Wednesday. Gross domestic product advanced an unadjusted 3.2 percent year-over-year in the second quarter, slower than the 4.2 percent rise in...

Romania's economic growth moderated in the three months ended June, after accelerating in the previous quarter, preliminary data from the National Institute of Statistics showed Wednesday. Gross domestic product grew a seasonally adjusted 1.6 percent from the first quarter, when the economy expanded...

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