European Economic News

Share SHARE

ECB-Draghi-091814.jpg Banks took up less-than-expected amount of funds at the European Central Bank's first targeted longer term refinancing operation, damping hopes of the success of the measure that was aimed to boost liquidity to help revive lending to small businesses and households.

UK-Retail-Sales-091814.jpg U.K. retail sales increased in August as sale of high powered vacuum cleaners and furniture, offset the decline in food store demand. Including auto fuel, retail sales volume increased 0.4 percent in August from July, when it remained flat, the Office for National Statistics reported Thursday. The monthly growth rate matched expectations.

Ireland's economy grew for the second consecutive quarter in the three months to June, latest figures from the Central Statistics Office showed Thursday. Gross domestic product grew a seasonally adjusted 1.5 percent sequentially following 2.8 percent expansion in the first quarter, revised from 2.7...

U.K. industrial orders declined more than expected in September as export demand fell to a 21-month low, survey data from the Confederation of British Industry showed Thursday.

Norway's central bank left the key interest rate unchanged for the fifteenth rate-setting session in a row, as inflation and output outlook remained broadly unchanged from the previous decision in June. The Executive Board decided to keep the key policy rate unchanged at 1.5 percent, the Norges Bank...

U.K. mortgage lending increased from a year ago in August, figures from the Council of Mortgage Lenders, or CML, showed Thursday. Gross mortgage lending grew 13 percent year-on-year to GBP 18.6 billion in August. Meanwhile, compared to the previous month, lending fell 5 percent. The latest figure...

The European Central Bank announced Thursday the results of its first targeted longer term refinancing operation, or TLTRO, which is aimed to boost liquidity at Eurozone banks to help revive lending to small businesses and households. The central bank announced that 255 bidders were allotted EUR 82.60...

Italy's current account surplus for July increased from a year ago, figures from the Bank of Italy showed Thursday. The current account surplus rose to EUR 6.82 billion in July from EUR 6.52 billion in the same month last year. In July, the goods trade surplus rose to EUR 7.35 billion from EUR...

Swiss-National-Bank-091814.jpg The Swiss National Bank on Thursday reaffirmed its currency ceiling and interest rate unchanged, as expected by economists, and expressed willingness to do more to defend the franc. The central bank maintained the minimum exchange rate of CHF 1.20 per euro and left the target range for the three-month Libor unchanged at 0.0-0.25 percent.

U.K. retail sales increased as expected in August on non-food store sales, data from the Office for National Statistics showed Thursday. Including auto fuel, retail sales volume increased 0.4 percent from July, when it remained flat. The monthly growth rate matched expectations. Meanwhile, sales...

Dutch consumer confidence worsened unexpectedly in September, figures from the Central Bureau of Statistics showed Thursday. The consumer confidence index fell to -7 in September from -6 in August. Economists had expected the index to remain at -6. The latest index was just above -8, which is the...

The unemployment rate in the Netherlands declined for the third straight month in August, figures from the Central Bureau of Statistics showed Thursday. The unemployment rate fell to a seasonally adjusted 8 percent in August from 8.2 percent in July. A year ago, the jobless rate was at 8.6 percent. The...

Sweden's economic growth for the second quarter was revised up sharply after national accounts calculations were based on the new ESA 2010 regulation. Gross domestic product grew working-day adjusted 2.6 percent year-on-year, much faster than the first quarter 1.7 percent expansion, data from Statistics...

The Swiss National Bank on Thursday reaffirmed its currency ceiling and interest rate unchanged as expected by economists. The central bank maintained the minimum exchange rate of CHF 1.20 per euro and left the target range for the three-month Libor unchanged at 0.0-0.25 percent. As the interest...

Corrects third para Switzerland's trade surplus decreased in August as imports rebounded, data from the Swiss Federal Customs Administration showed Thursday. The trade surplus fell to CHF 1.39 billion in August from CHF 3.9 billion in the previous month. Exports fell 0.7 percent month-over-month...