logo

European Economic News

Share SHARE

Greeceflag2-070615.jpg EU leaders await proposals from Greece Prime Minister Alexis Tsipras after the public voted against conditions placed by creditors. European Council President Donald Tusk has convened a special Euro Summit on July 7 to discuss the situation after the referendum in Greece. Ahead of the Euro summit, German Chancellor Angela Merkel and French President Francois Hollande are set to hold talks in Pari

The export value of goods in Macedonia decreased in the five months ended May, preliminary figures from the State Statistical Office showed Monday. The export value declined to $1751.5 million in the January to May period from $1957.4 million in the corresponding period of the previous year. The...

Gremanfactoryordrs-070615.jpg Germany's factory orders decreased for the first time in three months in May reflecting the weakness in domestic market. Factory orders fell 0.2 percent month-on-month in May, in contrast to a 2.2 percent increase in April, which was revised up from a 1.4 percent growth, Destatis reported Monday.

Latvia's industrial production growth slowed in May after accelerating in the previous month, figures from the Central Statistical Office showed Monday. Industrial production climbed a calendar-adjusted 6.5 percent year-over-year in May, much slower than April's 10.2 percent gain. It was the third...

U.K. new car registrations increased to the highest half-year total on record in the first half of 2015, the Society of Motor Manufacturers and Traders, or SMMT, reported Monday. The number of registered cars increased 7 percent to 1,376,889 units in the first half from 1,287,265 units in the previous...

Eurozone investor confidence improved from a four-month low despite Greece crisis, survey data from the think tank Sentix showed Monday. The investor confidence index rose unexpectedly to 18.5 in July from 17.1 in June. It was forecast to fall to 16. The current conditions index climbed to 14.8...

Switzerland's consumer prices continued to decline in June, though at a slower pace than in the prior month, figures from the Federal Statistical Office showed Monday. The consumer price index dropped 1.0 percent year-over-year in June, slower than May's 1.2 percent decrease. Prices have been falling...

Germany's construction sector activity grew at the weakest pace in five months in June as new orders declined, survey data from Markit Economics showed Monday. The seasonally adjusted Purchasing Managers' Index, or PMI, for the construction sector, declined to 50.7 in June from 50.8 in the previous...

Spain's industrial production growth accelerated in May after easing sharply in the previous month, figures from the statistical office INE showed Monday. Industrial production expanded a seasonally and calendar-adjusted 3.4 percent year-over-year in May, faster than previous month's 1.7 percent climb....

In a surprise move, Greece Finance Minister Yanis Varoufakis said Monday that he is resigning despite the Greek people rejecting proposals by the creditors in Sunday's referendum, as requested by his government. "Soon after the announcement of the referendum results, I was made aware of a certain...

Germany's factory orders decreased at a slower-than-expected pace in May, preliminary figures from Destatis showed Monday. New orders in the manufacturing sector fell a seasonally and working-day-adjusted 0.2 percent monthly in May, in contrast to a 2.2 percent climb in April, which was revised up...

EEP15-011515_06Jul15.jpg Factory orders from Germany and investor confidence from Eurozone are due on Monday, headlining a light day for the European economic news.

Greek Prime Minister Alexis Tsipras again asked his country to say no to austerity in the referendum on Sunday and said that an assessment by the International Monetary Fund justified the government's position. In a televised address on Friday, Tsipras said Greeks must "say no to ultimatums and division"...

Sweden's services sector expanded at a slower pace in June primarily due to sluggish business volume, survey data from the Swedbank showed Friday. The services Purchasing Managers' Index fell to 54.9 in June from 58.2 in May. Any reading above 50 indicates expansion in the sector. The negative...

Sweden's industrial production dropped less-than-expected in May after an increase in the previous month, while orders declined for the first time in three months, figures from Statistics Sweden showed Friday. Industrial production declined a seasonally adjusted 0.1 percent month-over-month in May,...

Follow RTT