logo

European Economic News

Share SHARE

Sweden's economy continue to boom with high levels of investment and rapidly rising employment, but the country's structural deficit is set to widen this year and next, leaving no respite for policymakers, the National Institute of Economic Research said Wednesday. The think tank trimmed this year's...

Belgium's economy expanded at a faster pace in the second quarter, as estimated earlier, latest data from the National Bank of Belgium showed Wednesday. Gross domestic product grew 0.5 percent from the first quarter, when the economy expanded 0.2 percent. On a year-on-year basis, the economy...

Mainland Norway's economy expanded for the second successive quarter in the three months ended June, preliminary data from Statistics Norway revealed Wednesday. Gross domestic product for the mainland advanced 0.4 percent from the first quarter, when the economy expanded by 0.3 percent. Economists...

Slovenia's economic growth accelerated in the three months ended June, after easing in the previous quarter, figures from the Statistical Office of the Republic of Slovenia showed Wednesday. Gross domestic product advanced an unadjusted 2.7 percent year-over-year in the second quarter, faster than...

EurozoneInflation-Jobless-083116.jpg Euro area inflation remained stable at a very low level in August, underscoring the difficulties in achieving the inflation target as economic growth remains subdued, official data revealed Wednesday. Separate data showed that the unemployment rate remained unchanged at a five-year low in July. Inflation held steady at 0.2 percent in August, a flash estimate from Eurostat showed.

A measure of signaling the pace of growth in the euro area rose for the third straight month in August, though slightly, data from the Bank of Italy and think tank CEPR showed Wednesday. The Eurocoin indicator virtually unchanged in August. It rose to 0.32 from 0.31 in July. In June, the reading was...

Portugal's economy expanded more than initially estimated in the three months ended June, latest figures from Statistics Portugal showed Wednesday. Gross domestic product rose 0.3 percent in real terms in the second quarter instead of a 0.2 percent stable rate of growth reported earlier. Domestic...

Latvian economy expanded more than initially estimated in the second quarter, after contracting in the previous two quarters, latest figures from the Central Statistical Bureau showed Wednesday. Gross domestic product rose a seasonally and working-day-adjusted 0.6 percent quarterly in the three months...

Croatia's economic growth improved for the second straight quarter in the three months ended June, albeit marginally, preliminary figures from the Croatian Bureau of Statistics showed Wednesday. The gross domestic product advanced an unadjusted 2.8 percent year-over-year in the second quarter, following...

Italy's consumer prices decreased unexpectedly in August, marking its seventh consecutive monthly fall, preliminary figures from the statistical office ISTAT showed Wednesday. The consumer price index edged down 0.1 percent year-over-year in August, the same rate as in July. Economists had expected...

The euro area unemployment rate remained unchanged at the lowest level since July 2011, Eurostat reported Wednesday. The jobless rate held steady at 10.1 percent in July. Economists had forecast the rate to fall to 10 percent. The number of unemployed decreased by 43,000 from June to 16.307 million....

The European Central Bank's sustained monetary stimulus reduces the risk of adverse spillovers into the global financial system, Executive Board Member and chief economist of the bank Peter Praet said Wednesday. "Domestic monetary policy inevitably entails international spillovers," Praet said in...

Italy's unemployment rate decreased unexpectedly in July, after rising in the previous month, preliminary figures from the statistical office Istat showed Wednesday. The jobless rate fell to 11.4 percent in July from 11.6 percent in June. Economists had expected the rate to remain stable at 11.6 percent. In...

Euro area inflation remained stable in August, flash estimate from Eurostat showed Wednesday. Inflation held steady at 0.2 percent in August, while economists expected the rate to rise marginally to 0.3 percent. Headline inflation has been below the European Central Bank's target of 'below, but...

Hungary's producer prices decreased further in July, though at a slower pace than in the previous month, figures from the Hungarian Central Statistical Office showed Wednesday. Producer prices fell 2.3 percent year-over-year in July, following a 2.6 percent decline in June. The measure has been falling...

Follow RTT