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Belgium's economy expanded at the fastest pace in three years in 2014, preliminary estimates from the National Bank of Belgium showed Friday. Gross domestic product grew a calendar-adjusted 1 percent, much better than the 0.3 percent expansion registered in 2013. In the fourth quarter, the economy...

EurozoneJoblessRate-013015.jpg The euro area jobless rate fell unexpectedly to the lowest level since August 2012, yet remains elevated. The unemployment rate came in at a double-digit 11.4 percent in December, slightly down from 11.5 percent in November. It was expected to remain unchanged at 11.5 percent in December.

Latvia's economic growth eased in the three months ended in December, after growing slightly in the third quarter, preliminary figures from the Central Statistical Bureau showed Friday. Gross domestic product climbed a seasonally non-adjusted 1.9 percent year-on-year in the fourth quarter, after a...

Spainflag-013015.jpg Spain's economy grew at the fastest pace in seven years during the final three months of 2014 even as the worsening deflation picture cast a cloud on the recovery. Gross domestic product advanced 0.7 percent sequentially, preliminary figures from the statistical office INE showed Friday. The growth...

EurozoneInflation-013015.jpg Eurozone consumer prices declined for the second straight month in January largely due to lower energy prices, posting the biggest annual fall since 2009. The harmonized index of consumer prices in the 19-nation currency bloc fell 0.6 percent year-on-year in January, with a similar rate of decline last seen only in July 2009. Final data is due on February 24.

Russia-013015.jpg Russia's central bank on Friday cut its key interest rate, after raising it massively in December to shore up the ruble, in a bid to underpin economic activity that remains hurt by falling oil prices and economic sanctions. The Bank of Russia Board of Directors decided to reduce the key rate to 15.00 percent from 17.00 percent. Economists had expected the bank to retain the policy rate.

The eurocoin indicator, which measures the current economic situation in the euro area, increased for the second straight month in January, a survey by the Bank of Italy and the Centre for Economic Policy Research showed Friday. The eurocoin indicator rose to 0.16 in January from 0.11 in December....

Greece's retail sales declined in November for the first time in six months, preliminary figures from the Hellenic Statistical Authority showed Friday. The volume of retail trade fell 1.5 percent year-on-year in November, in contrast to a 2.1 percent climb in the previous month. Sales rose in the...

Bulgaria's producer prices declined in December from a year ago, figures from the National Statistical Institute showed Friday. The producer index dropped 1.6 percent year-on-year in December. Producer prices in the manufacturing sector fell by 3.3 percent. At the same time, prices in the utility...

The euro area jobless rate fell unexpectedly in December to the lowest rate since August 2012, data from Eurostat showed Friday. The unemployment rate came in at a double-digit 11.4 percent in December, slightly down from 11.5 percent in November. It was expected to remain at 11.5 percent in December. This...

Russia's central bank on Friday unexpectedly cut the key interest rate by 200 basis points to 15 percent. On December 15, the Bank of Russia hiked the rate to 17 percent from 10.5 percent in a surprise move, just a week after raising it by 100 basis points. The hikes were aimed at limiting the slide...

Eurozone harmonized consumer prices decreased for the second straight month in January and marked the biggest fall since 2009. The harmonized index of consumer prices fell 0.6 percent year-on-year in January, a similar rate of decline was last seen in July 2009. This was the second consecutive...

Lithuania's economy grew at a slower pace in the fourth quarter, preliminary estimates from the Department of Statistics showed Friday. Gross domestic product, or GDP, rose by a seasonally and working day adjusted 2.4 percent year-on-year in the fourth quarter, the slowest pace since the third quarter...

U.K. mortgage approvals increased in December from a 17-month low in the prior month, the Bank of England reported Friday. The number of mortgages approved for house purchases rose to a 3-month high of 60,275 from 58,956 in November. It was forecast to rise slightly to 59,000 in December. Secured...

Turkey's foreign trade deficit in December narrowed from a year ago, as exports rose and imports fell, preliminary figures from the Turkish Statistical Institute showed Friday. The trade deficit declined to $8.5 billion in December from $9.96 billion in the same month last year. This was also in line...

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