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Eurozone banks eased the credit standards for lending to businesses for the first time since the second quarter of 2007, the European Central Bank said in a report on Wednesday, helping to support economic recovery. "Credit standards for all loan categories eased in net terms in the second quarter...

German inflation slowed slightly in July, flash data from Destatis showed Wednesday. Inflation, based on harmonized consumer prices, eased to 0.8 percent, in line with expectations, from 1 percent in June. Likewise, consumer price inflation eased to 0.8 percent, as expected, from 1 percent in...

EurozoneEconomicConfidence-073014.jpg Eurozone economic sentiment rose unexpectedly in July driven by confidence improvements in industrial and construction, survey data revealed Wednesday. The economic confidence index rose marginally to 102.2 in July from 102.1 in June, figures from European Commission showed. Economists had forecast the score to fall to 101.9 from June's originally estimated value of 102.

Cyprus' industrial production declined annually for a second straight month in May, figures from the statistical service showed Wednesday. Industrial production dropped 0.7 percent year-on-year, after a 6.6 percent slump in April. In March, production grew 0.8 percent. Manufacturing output declined...

Ireland's unemployment rate eased for a fourth consecutive month in July to its lowest level in more than five years, figures from the Central Statistics Office showed Wednesday. The seasonally adjusted jobless rate dropped to 11.5 percent from 11.6 percent in June. The latest figure was the lowest...

BoE-073014.jpg The Bank of England on Wednesday outlined plans to tighten bankers' bonus rules that eventually limits their inclination to take high risk. According to the new proposal, bankers could be forced to pay back their bonuses up to seven years from the date of payment if they break financial conduct rules.

Portugal's industrial production declined in June, after rising in the previous two months, figures from Statistics Portugal showed Wednesday. The industrial production index fell 0.2 percent year-on-year in June, reversing a 0.2 percent growth seen in May. In April, production climbed 4.0 percent....

Latvia's retail sales growth accelerated in June, after easing sharply in the previous month, figures from the Central Statistical Bureau showed Wednesday. Retail sales rose a calender-adjusted 2.8 percent year-on-year in June, faster than May's 2.4 percent growth, revised from 2.1 percent. In April,...

Portugal's retail sales increased at a slower rate in June, a report from Statistics Portugal showed Wednesday. Retail sales grew 0.1 percent year-over-year in June following the 1.8 percent increase in May. It was the second consecutive month of sales growth. Sales decreased 1.3 percent from May,...

Bulgaria's producer prices declined in June, data from the National Statistical Institute showed Wednesday. The total producer prices decreased 0.7 percent year-on-year in June. Prices fell 0.1 percent from the previous month. Producer prices in the manufacturing sector remained unchanged annually,...

Belgium's consumer price inflation accelerated in July, after easing in the previous month, figures from Statistics Belgium showed Wednesday. The consumer price index rose 0.34 percent year-on-year in July after a 0.27 percent increase seen in the previous month. In May, inflation was 0.36 percent....

Portugal's consumer confidence improved to its highest level in seven-and-a-half years in July, as unemployment expectations fell to the lowest level in more than a decade, Statistics Portugal said Wednesday. The consumer confidence index rose to -25.3 in July from -27.6 in June. This marked the highest...

Austria's producer prices declined at a slower pace in June, figures from Statistics Austria showed Wednesday. The producer price index index fell 0.6 percent year-on-year in June, slower than May's 0.9 percent decline. Producer prices have been falling since February last year. Prices in the energy...

Austria's manufacturing sector signaled the fastest improvement in five months in July, despite a decline in overall new business, survey figures from Markit Economics showed Wednesday. The seasonally adjusted Bank Austria Manufacturing Purchasing Managers' Index rose slightly to 50.9 in July from...

Eurozone economic confidence rose unexpectedly in July driven by an improvement in industrial sentiment, survey data revealed Wednesday. The economic confidence index rose to 102.2 in July from revised 102.1 in June, figures from European Commission showed. Economists had forecast the score to fall...