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Poland's average gross wages increased in May from a year ago, in line with expectations, figures from the Central Statistical Office showed Monday. Average gross wages grew 7.0 percent year-over-year in May, following a 7.8 percent rise in April. On a monthly basis, gross wages decreased 3.0...

Italy's foreign trade surplus decreased in April from a year ago, as imports grew faster than exports, data from the statistical office Istat showed Monday. The trade surplus fell to EUR 2.94 billion in April from EUR 3.60 billion in the corresponding month last year. The surplus also declined from...

russia-june18.jpg Russia's biggest two banks, Sberbank and Alfa Bank, are planning to test several private banking products based on cryptocurrencies in a regulatory sandbox environment hosted by the Russian central bank, the Kommersant newspaper reported.

Turkey's unemployment rate decreased further in March to the lowest level in nearly two years, the Turkish Statistical Institute reported Monday. The unemployment rate fell to 10.1 percent in March from 10.6 percent in February. In the corresponding month last year, the jobless rate was 11.7 percent. Moreover,...

Turkey's retail sales growth accelerated slightly in April after easing in the previous two months, figures from the Turkish Statistical Institute showed Monday. The volume of retail sales climbed 8.0 percent year-over-year in April, faster than the 7.7 percent rise in March. Sales of food, drinks...

Czech producer prices increased at a faster-than-expected pace in May, figures from the Czech Statistical Office showed Monday. Industrial producer prices climbed 1.5 percent year-over-year in May, after remaining flat in the previous month. That was above the 1.0 percent rise economists had forecast. Among...

British households' financial pressures intensified slightly in June, largely reflecting greater living costs, results of a survey by IHS Markit and market research company Ipsos Mori revealed Monday. The seasonally adjusted Household Finance Index, or HFI, dropped to 43.4 in June from May's 25-month...

The average asking price for a house in the United Kingdom was up 0.4 percent on month in June, property tracking website Rightmove said on Monday. That followed the 0.8 percent increase in May. On a yearly basis, house prices advanced 1.7 percent, accelerating from 1.1 percent in the previous month.

Switzerland's KOF Economic Institute, on Friday, downgraded its economic outlook for this year but lifted 2019 projection. In the Economic Forecast, the think tank said the economy is growing quite strongly. The institute projected 2.3 percent growth this year versus prior estimate of 2.5 percent. Meanwhile,...

Italy's industrial orders dropped in April from March and turnover grew at a slower pace, data from the statistical office said Friday. Industrial orders fell 1.3 percent month-on-month in April, in contrast to a 0.3 percent rise in March. Demand from domestic market fell 1 percent and that from non-domestic...

Italy's consumer prices rose less than initially estimated in May, final data from the statistical office Istat showed Friday. Inflation doubled to 1 percent in May from 0.5 percent in April. But this was slightly below the flash estimate of 1.1 percent. On a monthly basis, consumer prices gained...

Russia's central bank decided to leave its key interest rate unchanged as planned sales tax hike in 2019 is set to raise inflation going forward. In a statement released Friday, the Board of Directors of the Bank of Russia said they maintained the key rate at 7.25 percent. The bank had lowered its...

The euro area trade surplus declined to a six-month low in April on higher imports, figures from Eurostat revealed Friday. The trade surplus fell to a seasonally adjusted EUR 18.1 billion in April from EUR 19.8 billion in March. This was the lowest since October, when the surplus totaled EUR 17.7...

Eurozone consumer prices increased as estimated in May, final data from Eurostat revealed Friday. Inflation rose to 1.9 percent in May from revised 1.3 percent in April. A similar high rate was last seen in April 2017. The latest rate matched the initial estimate released on May 31. Inflation...

Germany's central bank downgraded its growth outlook for this year as exports and business investment are expected to be less strong. The economy is forecast to grow 2 percent this year instead of 2.5 percent projected in December. Meanwhile, the projection for 2019 was raised to 1.9 percent from...

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