logo

European Economic News

Share SHARE

UK-GDP-052517.jpg UK's economic growth eased more than previously estimated in the first quarter due to the downward revisions to services and production. Gross domestic product grew 0.2 percent sequentially in the first quarter instead of 0.3 percent estimated on April 28, the second estimates from the Office for National Statistics showed Thursday.

Malta's producer prices decreased for the seventh consecutive month in April, figures from the National Statistics Office showed Thursday. The producer price index fell 1.8 percent year-over-year in April, faster than the 0.89 percent drop in March. This was mainly to a decline of 3.56 percent in...

Bulgaria's money supply growth moderated in April, figures from the Bulgarian National Bank showed Thursday. M3, the broad measure of money supply, climbed 7.6 percent year-over-year in April, slower than the 8.5 percent spike in March. Similarly, the annual growth in the narrow measure, M1, eased...

Italy's industrial orders decreased in March after rebounding in the previous month, data from the statistical office Istat showed Thursday. Industrial orders fell a seasonally adjusted 4.2 percent month-over-month in March, reversing a 5.2 percent rise in February. Export orders dropped sharply...

UK mortgage approvals declined slightly in April, figures from the British Bankers' Association showed Thursday. The number of mortgages approved for house purchases fell to 40,750 in April from 40,872 in March. Gross mortgage borrowing in April totaled GBP 13.4 billion much in line with recent...

The UK economy expanded less than previously estimated in the first quarter, the second estimate from the Office for National Statistics showed Thursday. Gross domestic product grew 0.2 percent sequentially in the first quarter instead of 0.3 percent estimated on April 28. A similar slower growth...

Poland's unemployment rate decreased for the third straight month in April, in line with expectations, figures from the Central Statistical Office showed Thursday. The registered jobless rate fell to 7.7 percent in April from 8.1 percent in March. The figures also matched consensus estimated. In...

Spain's economic growth improved slightly, as estimated, in the first quarter, final data from the statistical office INE showed Thursday. Gross domestic product grew 0.8 percent sequentially in the first quarter, in line with preliminary estimate. The pace of expansion accelerated from 0.7 percent...

Quarterly national accounts from the UK is due on Thursday, headlining a light day for the European economic news. At 3.00 am ET, Spain's final GDP data is due. The statistical office is expected to confirm 0.8 percent sequential growth in the first quarter. At 4.00 am ET, Poland's unemployment...

The unwarranted side-effects from the unconventional monetary policy have so far remained limited and hence, there was no need to change the policy path currently being projected, European Central Bank President Mario Draghi said Wednesday. "When we introduced unconventional policy instruments in...

ECB-052417.jpg Eurozone financial market stress remained contained in the past six months, though the risk of further bond market repricing remains and the risk of a return of concerns over debt sustainability has risen, the European Central Bank said in a report released on Wednesday. Further, the ECB warned that excessive exuberance in regional house prices warranted close monitoring.

Iceland's unemployment rate increased in April after falling in the previous two months, figures from Statistics Iceland showed Wednesday. The seasonally adjusted jobless rate rose to 2.3 percent in April from 1.6 percent in March. In the corresponding month last year, the unemployment rate was...

Sweden's producer price inflation accelerated in April after easing in the previous two months, figures from Statistics Sweden showed Wednesday. Producer prices climbed 7.2 percent year-over-year in April, faster than the 6.5 percent increase in March. The measure has been rising since October last...

Austria's production index climbed in March from a year ago, figures from Statistics Austria showed Wednesday. The production index that combines output of both industry and construction, rose a working-day-adjusted 3.3 percent year-over-year in March. Construction output advanced 3.8 percent annually...

Sweden's economic sentiment declined more-than-expected in May, after improving in the previous month, survey data from the National Institute of Economic Research showed Wednesday. The economic tendency indicator dropped to 111.0 in May from 112.6 in April. Economists had expected the index to fall...

Follow RTT