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Iceland's wage cost growth slowed in September, a report from Statistics Iceland showed Wednesday. Wage cost increased 6.2 percent year-on-year, slower than the 6.3 percent rise in August. On a monthly basis, wage cost gained 0.7 percent versus the 0.6 percent increase in the previous month. The...

Bank of England policymakers decided to maintain its key rate at a record low 0.50 percent in a split vote for the third straight time at the meeting held early this month. As seen in the previous two meetings, Ian McCafferty and Martin Weale sought a quarter point hike in the bank rate, to 0.75 percent,...

A leading indicator of Spain's economy decreased in August, results of a survey by the Conference Board showed Wednesday. The Conference Board leading economic index fell 0.2 percent month-over-month in August after a revised 0.4 percent increase in July. Two out of the six sub-components grew...

Denmark retail sales declined for the first time in three months in September, data from Statistics Denmark showed Wednesday. Retail sales were down 0.9 percent month-on-month in September following a 0.5 percent rise in August and flat growth in July. The decline was largely caused by a 7.1 percent...

EEP3-091614_22Oct14.jpg Monetary Policy minutes from the Bank of England and speeches by European Central Bank officials are among the few economic events expected on Wednesday. At 4:30 am ET, the Bank of England will release the minutes of its October monetary policy meeting. At the meeting, the monetary policy committee...

The European Central Bank is reportedly considering buying corporate bonds on the secondary market, reports said Tuesday. The central bank may take a decision regarding the matter as soon as December with an aim to start the purchases early next year, Reuters reported citing four unidentified sources...

Latvia's industrial producer prices rose at a slower annual rate in September, figures from the Central Bureau of Statistics showed Tuesday. The producer price index rose 0.3 percent year-on-year after climbing 0.5 percent in August. Prices increased for a fourth straight month. Prices in the...

The Eurozone 2013 budget deficit was lower than previous estimates, according to data based on European System of Accounts 2010 methodology. The budget deficit came in at 2.9 percent of GDP in 2013 instead of 3 percent calculated under ESA95 methodology, Eurostat reported Tuesday. The deficit...

Greece's current account surplus for August increased from the same month last year, figures from the Bank of Greece showed Tuesday. The current account surplus rose to EUR 1.8 billion from EUR 1.2 billion a year ago. This increase was mainly due to higher services surplus in August. The surplus...

The U.K. budget deficit increased in September from last year, data published by the Office for National Statistics showed Tuesday. Public sector net borrowing excluding interventions totaled GBP 11.8 billion in September, an increase of GBP 1.6 billion from the same period of last year. This increase...

Hungary's employee wage growth slowed notably in August from a year ago, figures from the Hungarian Central Statistical Office showed Tuesday. Gross earnings rose 2.2 percent year-on-year in August, slower than July's 3 percent rise. In June, earnings went up 3.7 percent. Net earnings also increased...

Switzerland's money supply growth increased in September, the Swiss National Bank reported Tuesday. M3, the broad measure of money supply, grew 3.4 percent year-on-year in September after rising 3.3 percent in August. Likewise, annual growth in the narrow measure, M1 rose to 2.9 percent from 2.8...

The unemployment rate in Finland rose more than expected in September, figures from Statistics Finland showed Tuesday. The jobless rate increased to 8.2 percent in September from 7.6 percent in the same month of the previous year. Economists had expected the unemployment rate to rise to 7.9 percent. The...

The Switzerland's trade surplus increased in September, data from the Swiss Federal Customs Administration showed Tuesday. The trade surplus rose to CHF 2.45 billion in September from around CHF 1.3 billion in August. The expected level was CHF 2.49 billion. Exports climbed 2.2 percent to CHF 17.52...

EEP-102114.jpg Public sector finance from the U.K. is the major report due on Tuesday, headlining a light day for the European economic news.