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Lithuania's industrial production increased notably in June from a year ago, figures from the Department of Statistics showed Friday. Industrial production climbed a working-day-adjusted 6.9 percent year-over-year in June. On an unadjusted basis, production expanded by 10.0 percent. The growth...

The International Monetary Fund on Thursday approved "in principle" a new loan worth $1.8 billion to Greece. However, the arrangement has been approved in principle, which means it will become effective only after IMF receives specific and credible assurances from Greece's European partners to ensure...

Draghi-ECB-072017.jpg Though the robust economic expansion provides confidence that euro area inflation will hit the target in future, it is yet to show any convincing trend of a pick up, prompting policymakers to delay a review of the massive stimulus until the fall, European Central Bank President Draghi said Thursday.

Eurozone consumer sentiment unexpectedly deteriorated in July, preliminary data from the European Commission showed Thursday. The flash consumer confidence index for the euro area fell to -1.7 from -1.3 in June, which was the highest since April 2001. Economists had forecast a score of -1.2 for July. The...

ECBrates-072017.jpg There was no surprises from the European Central Bank on Thursday as it left its key interest rates and massive stimulus unchanged for an eleventh straight session, and also kept the forward guidance intact, thus retaining the downward bias on asset purchases.

Italy's current account surplus increased in May from the previous year, the Bank of Italy reported Thursday. The current account surplus totaled EUR 3.26 billion compared to EUR 2.98 billion in the same period of last year. The surplus on trade in goods fell to EUR 5.49 billion from EUR 5.73 billion....

The European Central Bank left its key interest rates and massive stimulus unchanged for an eleventh straight month on Thursday and also left the forward guidance intact, thus retaining the downward bias on asset purchases. The Governing Council, led by ECB President Mario Draghi, kept all its three...

Ukretailsales-072017.jpg UK retail sales recovered at a faster-than-expected pace in June as warm weather boosted clothing demand. Retail sales grew 0.6 percent month-on-month in June, reversing a 1.1 percent fall in May, data from the Office for National Statistics showed Thursday. Sales were forecast to gain 0.4 percent.

Turkey's consumer sentiment improved in July after falling in the previous month, survey data from the Turkish Statistical Institute showed Thursday. The consumer sentiment index climbed to 71.3 in July from 70.0 in the previous month. In May, the reading was 72.8. The financial situation expectation...

Denmark's consumer confidence strengthened for the second straight month in July to the strongest level in more than two years, survey data from Statistics Denmark showed Thursday. The consumer consumer confidence index climbed to 10.5 in July from 7.1 in June. In May, the reading was 5.8. Moreover,...

Eurozone government debt to gross domestic product increased slightly in the first quarter, Eurostat reported Thursday. Government debt to GDP in euro area came in at 89.5 in the first quarter versus 89.2 percent in the previous quarter. In the EU28, the ratio increased to 84.1 percent from 83.6...

Czech producer price inflation eased for the second straight month in June, figures from the Czech Statistical Office showed Thursday. Industrial producer prices climbed at a slower pace of 1.3 percent year-over-year in June, following a 2.3 percent increase in May. The measure has been rising since...

UK retail sales recovered at a faster than expected pace in June, data from the Office for National Statistics revealed Thursday. Retail sales grew 0.6 percent month-on-month in June, reversing a 1.1 percent fall in May. Sales were forecast to gain 0.4 percent. Excluding auto fuel, retail sales...

The euro area current account surplus increased in May largely driven by trade surplus and primary income, data from the European Central Bank showed Thursday. The current account surplus increased to EUR 30.1 billion in May from 23.5 billion in April. The surplus on goods trade rose to EUR 26.9...

Dutch unemployment rate decreased in June after remaining stable in the previous two months, figures from the Central Bureau of Statistics showed Thursday. The seasonally adjusted jobless rate fell to 4.9 percent in June from 5.1 percent in May. In the corresponding month last year, the unemployment...

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