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The European Union (EU) made official the reduction in the tariffs on Argentinean biodiesel, following the decision to reopen the bloc to the product earlier this month. As a result, the Argentinean biodiesel exports to the EU would be taxed at 15% on average. According to the Argentinean Ministry...

OECD-092017.jpg Global growth momentum has improved and is more broad-based now, yet a self-sustained recovery is far from secured as inflation remains subdued and there exists an unmet need for structural reforms, the Organization for Economic Cooperation and Development said Wednesday.

Retailsales-UK-092017.jpg UK retail sales grew the most in four months in August as consumers spend more despite higher inflation, vindicating a possible stimulus withdrawal in the months ahead. According to data published by the Office for National Statistics, the retail sales volume including auto fuel advanced 1 percent in August from July, the biggest growth in four months.

The global economy is set for a further uptick next year, but strong sustainable, and inclusive medium-term growth is not yet secured, the Organisation for Economic Co-operation and Development said in its Interim Economic Outlook, released Wednesday. The global economy is forecast to grow 3.5 percent...

UK retail sales increased at a faster pace in August, data from the Office for National Statistics showed Wednesday. Retail sales volume including auto fuel advanced 1 percent in August from July, the biggest growth in four months and exceeded the expected rate of 0.2 percent and July's increase of...

Germany's producer prices increased at the fastest pace in three months in August, Destatis reported Wednesday. Producer prices increased 2.6 percent year-on-year in August, faster than the 2.3 percent rise seen in July. This was the fastest growth since May, when prices climbed 2.8 percent. Prices...

Estonia's producer price inflation accelerated further in August, figures from Statistics Estonia showed Wednesday. The producer price index rose 4.7 percent year-over-year in August, faster than the 4.1 percent rise in July. The price index for the utility sector grew the most by 10.4 percent...

British employers' confidence in the economy fell to the lowest level since Brexit, the latest JobsOutlook survey by the Recruitment & Employment Confederation showed Wednesday. A net balance of -7 said the economic conditions are getting worse in September versus -3 in August. Despite falling...

Retail sales data from the UK is the major report due on Wednesday, headlining a light day for the European economic news. At 1.00 am ET, Estonia's producer price figures are due for August. Prices had advanced 4.1 percent year-on-year in July. At 2.00 am ET, Destatis releases Germany's producer...

Belgium's consumer confidence strengthened in September after stagnating in the previous month, survey data from the National Bank of Belgium showed Tuesday. The consumer confidence index climbed to 3 from 2 logged in both July and August. The score was -2 in June. The latest reading was the highest...

Hungary's central bank left its key interest rate unchanged for a sixteenth straight session on Tuesday, while it cut the overnight deposit rate deeper into negative territory. The Monetary Council of the Magyar Nemzeti Bank held the base rate at 0.90 percent, in line with economists' expectations....

Poland's industrial production grew more than forecast in August and producer price inflation accelerated, data from the Central Statistical Office revealed Tuesday. Industrial production increased 8.8 percent year-on-year in August, faster than the expected growth of 5.9 percent. The annual...

GermanEcoConfidence-091917.jpg Germany's economic confidence strengthened for the first time in four months in September as solid economic growth and increased investment lifted financial market experts' optimism. The ZEW Indicator of Economic Sentiment rose by a more-than-expected seven points to 17.0 in September, survey data from the Mannheim-based Centre for European Economic Research/ZEW showed Tuesday

Bulgaria's current surplus increased notably in July from a year ago, figures from the Bulgarian National Bank showed Tuesday. The current account surplus rose to EUR 1.14 billion in July from EUR 690.3 million in the corresponding month last year. The goods trade balance turned to a surplus of...

Eurozone construction output increased for the second straight month in July, and at a stable pace, data from Eurostat showed Tuesday. Construction output climbed 0.2 percent month-over-month in July, the same rate of rise as in June, which was revised from a 0.5 percent decrease reported earlier. The...

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