logo

European Economic News

Share SHARE

Large majority of European Central Bank's policymakers supported the extension of the net asset purchases for nine months until the end of September 2018, amid robust and broad-based economic expansion in the bloc, an uptick in underlying inflation and the continued effective pass-through of the ECB's...

GermanGDP-112317.jpg Germany expanded at a faster pace in the third quarter on robust foreign demand and investment amid weak private consumption, official data showed Thursday. Despite political uncertainty, private sector activity growth in the largest euro area economy accelerated in November driven by a pick-up in manufacturing, a closely watched survey revealed today.

Iceland's unemployment rate increased for the third straight month in October, figures from Statistics Iceland showed Thursday. The seasonally adjusted jobless rate rose to 3.6 percent in October from 3.3 percent in September, which was revised up from 3.0 percent. In the corresponding month last...

British retail sales expanded in November following a significant contraction in October, the latest Distributive Trades survey from the Confederation of British Industry showed Thursday. About 39 percent of respondents reported that sales volumes were up on a year ago in November, while 13 percent...

eurozonepmi-112317.jpg The Eurozone private sector showed signs of growth momentum picking up in the fourth quarter with production, demand and employment hitting multi-year highs. The headline composite output index increased to 57.5 in November from 56.0 in October, flash survey data from IHS Markit showed Thursday. This was the highest reading since April 2011.

Bulgaria's money supply growth held steady in October, figures from the Bulgarian National Bank showed Thursday. M3, the broad measure of money supply, climbed 8.2 percent year-over-year in October, the same rate of rise as in September. The annual growth in the narrow measure, M1, eased marginally...

The UK economy expanded at a faster pace in the third quarter, largely driven by private consumption, second estimate from the Office for National Statistics showed Thursday. Gross domestic product grew 0.4 percent sequentially, slightly faster than the 0.3 percent expansion posted in the second...

Eurozone private sector activity growth strengthened in November, flash survey data from IHS Markit showed Thursday. The headline composite output index increased to 57.5 in November from 56.0 in October. This was the highest score since April 2011. The reading was forecast to remain unchanged at...

Germany's private sector growth accelerated in November, driven by pick-up in performance in the manufacturing sector, flash survey results from IHS Markit showed Thursday. The flash composite output index rose to 57.6 in November from 56.6 in October. Any reading above 50 indicates expansion in the...

France's private sector expanded at the fastest pace in six-and-a-half years in November, flash survey data from IHS Markit showed Thursday. The composite output index rose unexpectedly to 60.1 in November from 57.4 in October. The expected score was 57.2. The increase in output remained broad-based...

French manufacturing confidence increased unexpectedly in November, survey results from the statistical office Insee showed Thursday. The manufacturing confidence index, already at a ten-year high, climbed by 1 point to 112 in November from 111.0 in October. Meanwhile, economists had expected the...

Germany's economic growth accelerated as estimated in the third quarter, detailed report from Destatis revealed Thursday. Gross domestic product grew 0.8 percent sequentially, faster than the 0.6 percent expansion logged in the second quarter. The rate came in line with the estimate published on November...

UK car production expanded in October driven by foreign demand, the Society of Motor Manufacturers and Traders reportedly said Thursday. Car production increased 3.5 percent year-on-year to 157,056 units in October. Domestic demand fell 2.9 percent, while exports advanced 5 percent. During January...

EEP2-091614_23Nov17.jpg Flash Purchasing Managers' survey results from euro area and revised quarterly national accounts from Germany and the UK are due on Thursday.

PhilipHammond-Budget-112217.jpg The UK government set aside an additional GBP 3 billion over the next two years to aid the process of the country's exit from the European Union and slashed the growth forecasts for the next few years mainly due to a significant downward revision to potential productivity growth.

Follow RTT