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Michel Barnier, the former Vice-President of the European Commission, has been appointed as the chief "Brexit" negotiator for the EU. The President of the European Commission, Jean-Claude Juncker said, "I am very glad that my friend Michel Barnier accepted this important and challenging task. I wanted...

UK-GDP-072716.jpg The U.K. economy grew at a faster pace in the second quarter, weathering the uncertainty stemming from the run-up to the EU referendum. Gross domestic product expanded 0.6 percent in the three months to June from the previous quarter, preliminary estimates from the Office for National Statistics showed Wednesday.

Ireland's central bank slashed its economic growth forecast for this year and next, citing downside risks from the surprise "Brexit" vote that is set to have "both short and long-term" negative and material impacts on the economy. The growth forecast for this year was reduced to 3.6 percent from 4.2...

Italy's consumer confidence improved unexpectedly in June and business sentiment rebounded, figures from the statistical office ISTAT showed Wednesday. The consumer confidence index rose to 111.3 in June from 110.2 in the previous month. Meanwhile, economists had expected the index to fall to 109.2. Consumers'...

U.K. retail sales declined more rapidly than at any time since January 2012 as consumer confidence weakened following the EU referendum, the latest monthly Distributive Trades Survey from the Confederation of British Industry showed Wednesday. The retail sales balance fell to -14 percent in July from...

Lithuania's retail sales growth held steady in June after easing in the previous month, figures from the Department of Statistics showed Wednesday. Retail sales, excluding VAT, grew a working-day-adjusted 6.2 percent year-over-year in June, the same rate of increase as in May. Excluding automotive...

The U.K. economy grew at a faster pace in the second quarter amid the "Brexit" vote, the Office for National Statistics reported Wednesday. Gross domestic product expanded 0.6 percent in three months to June from the prior quarter. This was faster than the 0.5 percent growth forecast by economists...

Eurozone money supply and lending to private sector grew at faster pace in June, the European Central Bank reported Wednesday. The broad monetary aggregate M3 climbed 5 percent year-on-year in June, in line with expectations, but slightly faster than the 4.9 percent expansion posted in May. Meanwhile,...

Sweden's foreign trade surplus decreased markedly in June from a year ago, as exports fell and imports remained flat, preliminary figures from Statistics Sweden showed Wednesday. The trade surplus shrank to SEK 1.8 billion in June from SEK 6.3 billion in the corresponding month last year. In May,...

Spanish retail sales rose in June after a decline in the previous month, mainly driven by a jump in the sales of personal equipment, data from the statistical office INE showed Wednesday. Retail sales grew a seasonally and calendar-adjusted 1.7 percent from May, when they fell 0.9 percent, which was...

French producer prices in the domestic market increased in June, the statistical office Insee reported Wednesday. In the domestic market, producer prices climbed 0.4 percent on month, the same pace of increase as seen in May. On a yearly basis, producer prices declined 3.1 percent as refined...

Sweden's economic sentiment deteriorated at a faster-than-expected rate in July, amid weaker confidence among manufacturers, retailers and consumers, data from the National Institute of Economic Research showed Wednesday. The economic sentiment indicator declined to 102.2 from June's revised 103....

Finland's consumer confidence decreased in July after improving in the previous two months, figures from Statistics Finland showed Wednesday. The consumer confidence index fell to 13.1 in July from June's 13-month high of 14.9. In May, the reading was 12.5. The index measuring general economic...

France's consumer confidence weakened for a second successive month in July, as households' unemployment worries increased, figures from INSEE showed Wednesday. The survey was conducted between June 28 and July 16 and only 2 percent of participants responded after the July 14 terrorist attack in...

Finland's manufacturing confidence deteriorated in July after a modest improvement in June to its lowest level in nearly three years, data from the Confederation of Finnish Industries EK showed Wednesday. The industrial confidence indicator dropped to -13 from -11 in June. In May, the score was -12....

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