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Poland's average gross wages increased less-than-expected in July, figures from Statistics Poland revealed Friday. Average gross wages advanced 7.2 percent year-on-year in July, slower than the 7.6 percent increase economists had forecast. On a monthly basis, average gross wages dropped 0.5 percent....

Croatia's consumer price inflation slowed in July, figures from the Croatian Bureau of Statistics showed Friday. Inflation eased to 2.1 percent in July from 2.4 percent in June. Excluding energy and food, core inflation slowed to 0.7 percent from 0.9 percent a month ago. Month-on-month, consumer...

Turkey's retail sales grew at the slowest pace in eight months in June, the Turkish Statistical Institute reported Friday. Retail sales climbed 4.3 percent year-on-year in June, slower than the 5.1 percent increase logged in May. This was the weakest growth since November 2017, when sales advanced...

Italy's current account surplus for June increased from a year ago, data from the Bank of Italy showed Friday. The current account surplus grew to EUR 5.13 billion from EUR 4.43 billion in the same month last year. In May, the current account had a surplus of EUR 2.36 billion. The deficit in the...

Eurozone inflation accelerated for a third straight month in July, as initially estimated, to its highest level since late 2012, final data from Eurostat showed Friday. The harmonized index of consumer prices rose 2.1 percent year-on-year in July, after climbing 2 percent in June. The rate came in...

The euro area current account surplus remained unchanged in June, data from the European Central Bank showed Friday. The current account surplus totaled a seasonally adjusted EUR 24 billion in June, the same as seen in May. The surplus on trade in goods rose to EUR 23 billion from EUR 22 billion...

Turkey's consumer confidence weakened to the lowest level seen so far this year, figures from the Turkish Statistical Institute showed Friday. The consumer confidence index dropped to 68.3 in August from 73.1 in July. This was the lowest score since December 2017. All components of the index deteriorated...

Austria's consumer price inflation increased in July on higher fuel prices, Statistics Austria reported Friday. Consumer price inflation rose to 2.1 percent in July from 2 percent in June. However, on a monthly basis, consumer prices fell 0.2 percent. Transport cost advanced 3.8 percent and food...

eurozoneflag-aug17.jpg Final inflation and current account from euro area are due on Friday, headlining a light day for the European economic news. At 3.00 am ET, Turkey's consumer confidence data is due for August. At 4.00 am ET, the European Central Bank releases euro area current account data for June. The current account surplus totaled EUR 22.4 billion in May.

ukretails-aug16.jpg UK retail sales rebounded strongly in July, exceeding expectations, thanks to store promotions and robust online sales. Retail sales rose 0.7 percent month-on-month in July, in contrast to a 0.5 percent fall in June, data from the Office for National Statistics showed Thursday. Sales were forecast to increase by 0.2 percent.

Poland core inflation remained unchanged in July, figures from the central bank showed Thursday. The consumer price index excluding food and energy prices rose 0.6 percent year-on-year, same as in June. In May, core inflation was 0.5 percent. On a month-on-month basis, the core CPI fell 0.5...

Euro area trade surplus decreased for a third straight month in June, albeit slightly, preliminary data from Eurostat showed Thursday. The seasonally adjusted trade surplus fell to EUR 16.7 billion from EUR 16.9 billion in May. Economists had expected the figure to remain unchanged at May's level.

UK retail sales increased more than expected in July, data from the Office for National Statistics showed Thursday. Retail sales including auto fuel, rose 0.7 percent month-on-month in July, in contrast to a 0.5 percent fall in June. Sales were forecast to increase by 0.2 percent. Excluding auto...

Norway's central bank left its key interest rate unchanged on Thursday, in line with economists' expectations, and suggested that the rate would most likely be raised in September. The Executive Board decided to keep the key policy rate unchanged at 0.50 percent, the Norges Bank said.

Czech producer price inflation accelerated in July to the highest level in nearly six-and-a-half years, figures from the Czech Statistical Office showed Thursday. Industrial producer prices climbed 3.4 percent year-over-year in July, faster than the 2.9 percent rise in June. The latest rate of...

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