European Economic News

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Eurozone economic sentiment and German consumer prices are some of the important economic data scheduled for release on Wednesday. At 5 am ET, the European Commission is scheduled to release its business sentiment report for the eurozone. The economic sentiment index is estimated to edge down to 101.9...

Inflation in the OECD area remained unchanged in June, after rising slightly in the previous month, the Organization for Economic Co-operation and Development said Tuesday. The consumer price index rose 2.1 percent year-on-year in June, same as in the previous month. Excluding food and energy, inflation...

Malta's producer prices continued to decline in June, but at a slightly slower pace than from the previous month, figures from the National Statistics Office showed Tuesday. The producer price index fell 3.0 percent year-on-year in June, after a 3.33 percent decline logged in the previous month. In...

UK-Houses-072914.jpg U.K. mortgage approvals increased more-than-expected to a 4-month high in June, recovering from a temporary slowdown caused by mortgage lending regulations. After four months of decline, approvals for house purchases increased to 67,196 in June from 62,007 in May, the Bank of England data showed Tuesday. It was forecast to rise to 63,000. The latest figure was the highest since February.

Croatia's industrial production declined notably in June from a year ago, after growing in the previous five months, figures from the Croatian Bureau of Statistics showed Tuesday. The industrial production index fell a working-day adjusted 1.7 percent year-on-year in June, reversing a 1.2 percent...

Greek producer prices increased at the faster rate in eighteen months in June, a report from the Hellenic Statistical Authority showed Tuesday. Producer prices increased 1.1 percent year-over-year in June following the 0.6 percent rise in May. This marked the fastest growth in prices since December...

U.K. mortgage approvals increased more than expected in June to the highest level since last February, data showed Tuesday. Approvals for house purchases increased to 67,196, a 4-month high, from 62,007 in May, the Bank of England said. It was forecast to rise moderately to 63,000. Total lending...

Lithuania's consumer confidence decreased in July after improving slightly in June, a report from the the Lithuanian Department of Statistics showed Tuesday. The consumer confidence index declined to -14 in July from -11 in June. In May, the score was -12. Among the sub-indexes, expectations on...

Permits issued for residential buildings in Romania increased in June as well as during the first half of the year, a report from the National Institute of Statistics showed Tuesday. The number of dwelling permits issued rose 7.3 percent year-over-year to 3,824 in June from the corresponding month...

There is a long way from saying that the current account deficit poses an 'existential threat' to UK growth, Ben Broadbent, Deputy Governor for Monetary Policy of the Bank of England said Tuesday. Speaking at Chatham House, Broadbent said the deficit is irrelevant for growth. The rest of Europe...

The number of new dwellings built in the first of half of this year in Hungary rose from a year ago, figures from the Hungarian Central Statistical Office showed Tuesday. The number of new dwellings built during the January to June period was 3,265, which was 22 percent higher than the same period...

Slovakia's consumer confidence increased to its highest level in more than six years in July, data from the Statistical Office of the Slovak Republic showed Tuesday. The consumer confidence index rose to -9.9 in July from -11.6 in June. This marked the highest score since October 2008 when the index...

Spain retail sales growth slowed for the second month in June, the statistical office INE said Tuesday. Retail sales grew by an adjusted 0.2 percent year-on-year, slower than the 0.5 percent rise posted in May and 0.7 percent in April. On an unadjusted basis, retail sales remained flat in June after...

Commercial vehicle registrations in the European Union rose for the tenth consecutive month in June, a report from the European Automobile Manufacturers Association, or ACEA, showed Tuesday. Demand for commercial vehicles increased 10.3 percent year-on-year to 166,107 units in June. This was a slightly...

Germany's import prices continued to decline in June, data from Destatis showed Tuesday. Import prices were down 1.2 percent year-on-year in June, slower than the 2.1 percent decrease seen in May. The rate of decline came in line with economists' expectations. On a monthly basis, import prices...