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UK-Pound-072117.jpg The UK budget deficit widened more-than-expected in June as debt interest increased notably after inflation lifted the cost of index-linked bonds. Public sector net borrowing, excluding interventions, increased by GBP 2.0 billion from a year ago to GBP 6.9 billion in June, data from the Office for National Statistics showed Friday. The expected figure was GBP 4.9 billion.

Croatia's unemployment rate declined for the fifth straight month in June, figures from the Croatian Bureau of Statistics showed Friday. The registered jobless rate fell to 10.8 percent in June from 11.7 percent in May. In the corresponding month last year, the unemployment rate was 13.4 percent.

Latvia's producer prices increased for the fifth successive month in June, figures from the Central Statistical Bureau showed Friday. Industrial producer prices rose 3.1 percent year-on-year in June, faster than the 2.9 percent climb in May. Domestic market producer prices grew 3.4 percent annually...

Ireland's factory gate prices decreased for the first time in seven months in June, figures from the Central Statistics Office showed Friday. The manufacturing industries output price index, excluding VAT, dropped 0.4 percent year-over-year in June, reversing a 1.1 percent rise in May. The price...

Spain's foreign trade gap widened in May from a year ago, as imports grew faster than exports, preliminary figures from the Economy Ministry showed Friday. The trade deficit rose to EUR 1.43 billion in May from EUR 0.94 billion in the corresponding month last year. Exports climbed 15.2 percent...

The Eurozone economy is forecast to expand at faster than expected pace, according to the Survey of Professional Forecasters published by the European Central Bank. SPF respondents lifted 2017 growth outlook to 1.9 percent from 1.7 percent and that for next year to 1.8 percent from 1.6 percent. Expectations...

Switzerland's money supply growth accelerated for the third straight month in June, data from the Swiss National Bank showed Friday. The monetary aggregate M3 grew 4.1 percent year-on-year in June, faster than the 3.9 percent increase seen in May. At the same time, the annual growth in the narrow...

The UK budget deficit increased in June, data from the Office for National Statistics showed Friday. Public sector net borrowing, excluding interventions increased by GBP 2.0 billion from previous year to GBP 6.9 billion in June. The expected level was GBP 4.9 billion. In the current financial...

Lithuania's industrial production increased notably in June from a year ago, figures from the Department of Statistics showed Friday. Industrial production climbed a working-day-adjusted 6.9 percent year-over-year in June. On an unadjusted basis, production expanded by 10.0 percent. The growth...

The International Monetary Fund on Thursday approved "in principle" a new loan worth $1.8 billion to Greece. However, the arrangement has been approved in principle, which means it will become effective only after IMF receives specific and credible assurances from Greece's European partners to ensure...

Draghi-ECB-072017.jpg Though the robust economic expansion provides confidence that euro area inflation will hit the target in future, it is yet to show any convincing trend of a pick up, prompting policymakers to delay a review of the massive stimulus until the fall, European Central Bank President Draghi said Thursday.

Eurozone consumer sentiment unexpectedly deteriorated in July, preliminary data from the European Commission showed Thursday. The flash consumer confidence index for the euro area fell to -1.7 from -1.3 in June, which was the highest since April 2001. Economists had forecast a score of -1.2 for July. The...

ECBrates-072017.jpg There was no surprises from the European Central Bank on Thursday as it left its key interest rates and massive stimulus unchanged for an eleventh straight session, and also kept the forward guidance intact, thus retaining the downward bias on asset purchases.

Italy's current account surplus increased in May from the previous year, the Bank of Italy reported Thursday. The current account surplus totaled EUR 3.26 billion compared to EUR 2.98 billion in the same period of last year. The surplus on trade in goods fell to EUR 5.49 billion from EUR 5.73 billion....

The European Central Bank left its key interest rates and massive stimulus unchanged for an eleventh straight month on Thursday and also left the forward guidance intact, thus retaining the downward bias on asset purchases. The Governing Council, led by ECB President Mario Draghi, kept all its three...

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