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ECB-Draghi-092517.jpg Euro area economic recovery is now firm and broad-based, and the latest data suggest that the momentum is set to continue in the period ahead and policymakers are more confident that inflation will converge at the target eventually, European Central Bank President Mario Draghi said Monday.

Euro area economic recovery is now firm and broad-based, and the latest data suggest the momentum is set to continue in the period ahead, European Central Bank President Mario Draghi said Monday. "The ongoing recovery is, crucially, driven by domestic forces, and the labor market has notably improved,"...

Germanbusinessentiments-092517.jpg German business sentiment dropped for the second straight month in September as companies were less satisfied with their current business situation and their short-term outlook, survey data from the Ifo Institute showed Monday. The business confidence index fell to 115.2 in September, while it was expected to remain unchanged at 115.9 seen in August.

The European Central Bank will review its policy toolbox and withdraw some of the temporary stimulus measures once inflation adjusts in a sustainable manner, ECB Executive Board member Yves Mersch said Monday. "Where necessary, some temporary measures will be rolled back," Mersch said in a speech...

There is a pocket of risk in the rapid growth of UK consumer credit, the Financial Policy Committee of the Bank of England said Monday. Lenders overall are placing too much weight on the recent performance of consumer lending in benign conditions as an indicator of underlying credit quality.

Germany's business confidence weakened in September, reports said citing survey results from Ifo Institute on Monday. The business confidence index fell to 115.2 in September. Economists had forecast the indicator to remain at August's initially estimated value of 115.9. The current situation...

Austria's economic growth eased slightly in the three months ended June, revised from a steady growth reported earlier, latest figures from the Austrian Institute of Economic Research/WIFO revealed Monday. Gross domestic product advanced 0.8 percent sequentially in the second quarter, in line with...

Austria's production index climbed notably in July from a year ago, data from Statistics Austria showed Monday. The production index that combines output of both industry and construction, climbed 5.7 percent year-on-year in July. Industrial output logged an annual growth of 5.9 percent and construction...

Czech economic sentiment strengthened for the third straight month in September to the highest level in eight months, survey data from the Czech Statistical Office showed Monday. The economic sentiment indicator climbed to 14.6 in September from 14.1 in August. Moreover, the latest reading was...

Spain's producer price inflation increased in August, figures from the statistical office INE showed Monday. Producer price inflation accelerated to 3.2 percent in August from 3 percent in July. Excluding energy, producer prices gained 2.1 percent after rising 2 percent in the previous month. Among...

Finland's producer price inflation accelerated for the second straight month in August, though marginally, figures from Statistics Finland showed Monday. Producer prices for manufactured products climbed 3.8 percent year-over-year in August, just above the 3.7 percent increase in July. The measure...

EEP18-011515_25Sep17.jpg Business sentiment from Germany is due on Monday, headlining a light day for the European economic news.

Norway's interest rate increases seem very far with inflation likely to remain below the central bank's target in the medium term and a cooling housing market environment, Jack Allen, an economist at Capital Economics, said. Norges Bank retained its key policy rate at 0.50 percent in a unanimous vote...

Euro-PMI-092217.jpg Eurozone's private sector expanded at the fastest pace in four months in September signaling that the economy ended the third quarter on a strong note. The headline composite output index rose unexpectedly to 56.7 in September from 55.7 in August, flash data from IHS Markit showed Friday. The expected score was 55.6.

Russia's central bank is likely to cut interest rates in the near future amid lower inflation expectations as the economy is facing the large amount of spare capacity, William Jackson, an economist at Capital Economics, said. The Board of Directors decided to cut the key rate by 50 basis points to...

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