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Belgium's business confidence deteriorated in May after improving in the previous two months, mainly due to weaker morale among manufacturers, survey data from the National Bank of Belgium showed Wednesday. The business confidence indicator declined to -2.8 from -2.4 in April. The score was in line...

The risks to the euro area remain on the downside and pose significant challenges to policymakers, European Central Bank Governing Council member and Bank of Spain Governor Luis Maria Linde said Wednesday. "Uncertainty and a weak global economy keep the balance of risks to the downside, posing important...

GBC-052516.jpg German business confidence strengthened more-than-expected to a 5-month high in May as companies were more satisfied with their current situation and turned noticeably optimistic regarding months ahead despite "Brexit" fears, results of a key survey showed Wednesday. Consumer morale is set to strengthen in June as the economy is expected to grow over coming months, a separate survey revealed.

An exit from the European Union, dubbed the "Brexit", would cost the U.K. billions and the country would also be forced to re-negotiate its membership of the World Trade Organisation, the WTO Director General Roberto Azevedo warned. "Pretty much all of the UK's trade would somehow have to be negotiated,"...

Ireland's property price inflation eased for the second straight month in April to the lowest level in four months, figures from the Central Statistics Office showed Wednesday. Property prices climbed 7.1 percent year-over-year in April, slower than the 7.4 percent rise in the previous month. In February,...

Italy's foreign trade surplus with non-EU countries increased markedly in April from a year ago, as imports fell faster than exports, figures from the statistical office Istat showed Wednesday. The trade surplus climbed to EUR 3.6 billion in April from EUR 2.4 billion in the corresponding month of...

Swiss economic confidence rose to a seven-month high in May, a survey conducted by the Centre for European Economic Research/ZEW in cooperation with Credit Suisse showed Wednesday. The ZEW-CS-Indicator for the economic sentiment rose 6 points to 17.5 in May, the highest since October 2015. The...

Italy's industrial orders decreased for the first time in three months in March, figures from the statistical office Istat showed Wednesday. New orders fell a seasonally adjusted 3.3 percent month-over-month in March, reversing a 0.7 percent increase in February. Domestic demand dropped 1.5 percent...

British car production rose strongly in April driven by a surge in export volumes and marked the ninth straight month of growth survey data from the Society of Motor Manufacturers and Traders revealed Wednesday. Car production grew 16.4 percent year-on-year to 149,334 units, the SMMT said. Export...

Corrected second and fourth paragraphs of the article German business confidence strengthened more than expected in May, reports said citing survey results from Ifo Institute on Wednesday. The Ifo Business Climate indicator rose to 107.7 in May from revised 106.7 in April. It was forecast to rise...

Poland's unemployment rate decreased more-than-expected in April, figures from the Central Statistical Office showed Wednesday. The registered jobless rate dropped to 9.5 percent in April from 10.0 percent in the previous month. Economists had expected the rate to fall to 9.6 percent. In the corresponding...

Spain's producer prices declined at the fastest pace in more than six years in April, the statistical office INE said Wednesday. Producer prices declined 6.1 percent year-on-year in April, after easing 5.6 percent in March. This was the biggest fall since July 2009, when prices slid 6.7 percent. Energy...

Eurogroup-052516.jpg Greece's creditors agreed early Wednesday to release the next tranche of bailout funds and allowed debt relief after the International Monetary Fund relaxed its tough stance. After the meeting in Brussels on Tuesday, Eurozone finance ministers welcomed the accord reached between Greece and the institutions that paved the way for the disbursement of EUR 10.3 billion bailout fund.

Austria's production index increased in March from a year ago, figures from Statistics Austria showed Wednesday. The production index, which combines industrial production and construction, grew a working-day-adjusted 2.5 percent year-over-year in March. Industrial production expanded 3.7 percent...

A measure of Swiss consumption increased again in April, largely driven by the positive trends in domestic tourism and new car registrations, survey data from the UBS investment bank showed Wednesday. The UBS Consumption Indicator climbed to 1.47 points in April from 1.40 in the previous month, signalling...

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