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Poland's unemployment rate continued to decline in July, data from the statistical office showed Wednesday. The registered unemployment rate dropped to 8.6 percent from 8.8 percent in June. The decrease was in line with economists' expectations. The jobless rate has steadily decreased since March.

Iceland's central bank cut its key interest rate for the first time since 2014 as inflation is expected to remain below target. The Monetary Policy Committee of the Central Bank of Iceland decided to reduce the rate on seven-day term deposits to 5.25 percent from 5.75 percent. This was the first...

Germany-GDP-082416.jpg Germany's economy expanded in the second quarter on the back of foreign trade and spending, providing support to overall euro area expansion, which was weighed down by flat growth in France and Italy ahead of "Brexit" vote.Gross domestic product climbed 0.4 percent quarter-on-quarter, in line with the preliminary estimate, but slower than the 0.7 percent expansion seen in the March quarter.

U.K. mortgage approvals declined to the lowest level since early 2015, the British Bankers' Association reported Wednesday. The number of mortgages approved in July dropped more-than-expected to 37,662 in July from 39,763 in June. This was the lowest since January 2015, when approvals totaled...

Norway's unemployment rate increased slightly in June, the labor force survey from Statistics Norway showed Wednesday. The jobless rate rose to 4.8 percent in June from 4.7 percent in March. Economists had expected the rate to remain unchanged at 4.7 percent. The number of unemployed increased...

Czech economic sentiment increased further in August to the strongest level in six months, figures from the Czech Statistical Office showed Wednesday. The composite leading indicator climbed to 12.0 in August from 10.3 in July. In June, the score was 10.2. The latest reading was the highest since...

Finland's producer prices declined at a faster pace in July, figures from Statistics Finland showed Wednesday. The producer price index fell 3.8 percent year-over-year in July, which was worse than the 3.4 percent decrease in June. The measure has been falling since August 2013. The fall in the...

Germany's economy continued to expand in the second quarter but the pace growth eased as estimated, detailed report from Destatis showed Wednesday. Gross domestic product climbed 0.4 percent quarter-on-quarter, in line with preliminary estimate, and slower than the 0.7 percent expansion seen in the...

EEP07-011515_24Aug16.jpg Revised quarterly national accounts from Germany is due on Wednesday, headlining a light day for the European economic news.

Hungary's central bank held key interest rates steady for a third month running, amid low inflationary pressures in the economy and as policymakers plan to use more unconventional tools going forward. The Monetary Council of the Magyar Nemzeti Bank on Tuesday held the base rate steady at 0.90 percent,...

Eurozone consumer confidence deteriorated for a third straight month in August to its lowest level since April, defying expectations for a rebound, preliminary figures from the European Commission showed Tuesday. The flash consumer confidence index dropped to -8.5 from -7.9 in July. Economists had...

EU-082316.jpg Eurozone private sector expanded at the fastest pace in seven months in August, mirroring no major signs of "Brexit" impact in the region. The composite output index rose unexpectedly to 53.3 in August from 53.2 in July, flash results from Markit's Purchasing Managers' survey showed Tuesday.

Turkey's central bank trimmed its key lending rate further by a quarter point, while maintaining the repo and borrowing rates on Tuesday. The Monetary Policy Committee of the Turkish central bank lowered the Marginal Funding Rate by 25 basis points to 8.50 percent. This was the sixth consecutive reduction...

The U.K. export order books reached a 2-year high as the depreciation of sterling boosted overseas demand, the Industrial Trends Survey from the Confederation of British Industry showed Tuesday. Despite an improvement in exports, the order books balance fell to -5 percent in August compared to the...

Luxembourg's unemployment rate held steady in July, after easing slightly in the previous month, figures from the statistical office STATEC showed Tuesday. The seasonally adjusted jobless rate came in at 6.4 percent in July, the same rate as in June, which was revised down from 6.5 percent. In...

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