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The International Monetary Fund recommended the Irish government to focus on rebuilding fiscal buffers, strengthening economic resilience and fostering sustainable and inclusive growth. Concluding the Article IV consultation, the executive board of the IMF said Ireland should adopt growth-friendly...

Germanbusinessconf-062617.jpg German business confidence strengthened to a record high in June, breaking last month's record, as companies were more satisfied with their current situation amid improved outlook. The business confidence index rose unexpectedly to 115.1 in June from 114.6 in May, survey data from the Munich-based Ifo institute showed Monday.

Poland's unemployment rate decreased for the fourth straight month in May, in line with expectations, figures from the Central Statistical Office showed Monday. The registered jobless rate fell to 7.4 percent in May from 7.7 percent in April. The figure also matched consensus estimate. In the corresponding...

UK mortgage approvals declined to an eight-month low in May, the British Bankers' Association reported Monday. The number of mortgages approved in May totaled 40,347, the lowest since September 2016. Economists had forecast approvals to drop to 40,250 from 40,686 in April. Remortgaging approval...

German business confidence strengthened in June, the Ifo Institute reportedly said Monday. The business confidence index rose to 115.1 in June from 114.6 in May. The reading was expected to fall to 114.4. The current conditions index came in at 124.1, above the expected reading of 123.3. At...

Czech Economic confidence weakened for the second straight month in June, though marginally, survey data from the Czech Statistical Office showed Monday. The economic sentiment indicator dropped to 12.3 in June from 12.4 in the previous month. The consumer confidence index fell notably to 3.8 in...

Spain's producer price inflation eased in May, figures from the statistical office INE showed Monday. Producer prices advanced 5.3 percent year-on-year in May, following April's 6 percent increase. Excluding energy, producer prices increased only 2.6 percent after rising 2.8 percent in the previous...

Finland's producer price inflation eased in May after accelerating in the previous month, figures from Statistics Finland showed Monday. Producer prices for manufactured products rose 4.1 percent year-over-year in May, slower than the 5.0 percent climb in April. The measure has been rising since November...

EEP17-011515_26Jun17.jpg Business sentiment survey data from Germany is due on Monday, headlining a light day for the European economic news.

Britishchamberofcommerce-062617.jpg The UK growth over the next few years is forecast to remain anaemic, the British Chambers of Commerce said Monday. Nonetheless, in its Economic Forecast, the BCC upgraded its growth outlook for 2017 to 1.5 percent from 1.4 percent, citing strong global growth outlook. Moreover, lower sterling is likely to boost short-term export activity this year.

Sweden's unemployment rate is likely to ease in the coming months of this year, while the annual employment growth may slow, Stephen Brown, an economist at Capital Economics, said this week. Official data released on June 20 showed that the seasonally adjusted jobless held steady at 6.7 percent in...

The improvement in the economic sentiment suggest strong and broad-based growth in the Swedish economy over the coming months of 2017, consistent with an acceleration in wage growth and a pick-up in underlying inflation, Stephen Brown, an economist at Capital Economics, said this week. The economic...

Eurozone consumer confidence is unlikely to rise much further in the next year, despite a fairly strong economic outlook, Jack Allen, an economist at Capital Economics, said. The euro-zone consumer confidence improved to -1.3 in June from -3.3 in May, official data revealed on June 22. The score was...

Belgium's business confidence deteriorated for a second consecutive day in June amid weakness in manufacturing, business services and trade, survey data from the National Bank of Belgium showed Friday. The business confidence index dropped to -2 from -1.1 in May. The confidence measure for the...

Eurozonepmi-062317.jpg Eurozone private sector growth moderated in June from a six-year high due to a slowdown in services activity, yet the economy enjoyed the best quarter for six years, the flash data from the Purchasing Managers' survey by IHS Markit showed Friday. The composite output index fell to 55.7 in June from a joint six-year high of 56.8 in May.

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