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The European Central Bank do not have to wait until inflation reaches the target of 'below, but close to 2 percent' to normalize policy and now there are good arguments for slowing asset purchases, ECB Governing Council member Ewald Nowotny said in an interview published in an Austrian daily on Thursday....

Belgium's consumer confidence rose for a second straight month to its highest level since the middle of 2001, driven by the improved outlook for the economy and the unemployment situation, survey data from the National Bank of Belgium showed Thursday. The consumer confidence index climbed to 4 from...

The German Chamber of Industry and Commerce (DIHK) on Thursday raised the biggest euro area economy's growth forecast for this year and projected an acceleration in the pace of expansion next year, citing the prospect of further consumption gains, stronger exports and record investment intentions. Germany's...

Retailsales-UK-101917.jpg UK retail sales declined the most in six months in September as high inflation squeezed household spending amid subdued wage growth. Retail sales including auto fuel dropped 0.8 percent month-on-month in September, reversing a 0.9 percent rise in August, figures from the Office for National Statistics revealed Thursday.

Portugal's producer price inflation accelerated for the second successive month in September, figures from Statistics Portugal showed Thursday. Industrial producer prices climbed 2.7 percent year-over-year in September, faster than the 2.5 percent increase in August. The measure has been rising since...

UK retail sales declined more than expected in September, figures from the Office for National Statistics revealed Thursday. Retail sales including auto fuel, dropped 0.8 percent month-on-month in September, reversing a 0.9 percent rise in August. This was the first fall in four months and the...

Sweden's unemployment rate climbed in September, data from Statistics Sweden showed Thursday. The jobless rate rose to 6.2 percent in September from 6 percent in August. The rate was forecast to remain stable at 6 percent. In the corresponding period of 2016, the unemployment rate was 6.1 percent....

Switzerland's foreign trade surplus increased in September, as imports fell faster than exports, figures from the Federal Customs Administration showed Thursday. The trade surplus climbed to CHF 2.9 billion in September from CHF 2.2 billion in August. In real terms, both exports and imports declined...

Retail sales data from the UK is due on Thursday, headlining a light day for the European economic news. At 2.00 am ET, Swiss foreign trade data is due for September. The trade surplus totaled CHF 2.17 billion in August. At 3.30 am ET, Statistics Sweden is scheduled to issue unemployment data...

Dutch unemployment rate held steady in September, after falling in the previous three months, figures from the Central Bureau of Statistics showed Thursday. The seasonally adjusted jobless rate came in at 4.7 percent in September, the same rate as in August. In the corresponding month last year,...

Further slowdown in London house price inflation suggest that the British house price growth is set to soften in the months ahead, Hansen Lu, an economist at Capital Economics, said. House price inflation rose to 5.0 percent in August from 4.5 percent in July, official data from ONS showed on October...

Poland's industrial production expanded in September and producer prices climbed at a faster pace, figures from the Central Statistical Office showed Wednesday. Industrial production climbed 6 percent on month in September, but slower than the expected 6.8 percent expansion. Manufacturing output...

unemployment-UK-101817.jpg The UK unemployment rate held steady at the lowest level since 1975 and the wage squeeze continued, data from the Office for National Statistics showed Wednesday. The ILO jobless rate came in at 4.3 percent in the three months to August, the lowest since 1975, and in line with expectations. In the same period of 2016, the rate was 5 percent.

Eurozone's strengthening economy suggest that it may be time to think of modest tightening of monetary policy, European Central Bank policymaker Ardo Hansson said in an interview published Wednesday. "The economy is in much better shape than it was a while ago...in this situation I think it's better...

Bulgaria's current account surplus increased in August from a year ago, figures from the Bulgarian National Bank showed Wednesday. The current account surplus rose to EUR 751.1 million in August from EUR 570.5 million in the corresponding month last year. However, the goods trade deficit widened...

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