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Belgium's business confidence deteriorated more-than-expected in July, after improving in the previous month, mainly due to revision in demand forecasts, survey data from the National Bank of Belgium showed Friday. The business confidence index dropped to -7.5 from June's -6.2. Economists had expected...

UKGDP-072514.jpg British economic growth remained high as expected in the second quarter as a robust expansion in the dominant service sector, and industry completely offset the slight weakness in the construction sector. With the second quarter expansion, GDP returned to its pre-crisis level. Gross domestic product grew 0.8 percent sequentially in the second quarter, the same rate as seen in the first quarter.

GermanIFO-072514.jpg German business confidence eased for the third successive month to its lowest level since October, amid rising concerns over the impact of the worsening conflicts in Ukraine and the Middle East on the largest Eurozone economy. The Business Climate Index for industry and trade fell to 108.0 points in July from 109.7 in June, the results of a survey by the Munich-based Ifo Institute showed Friday.

Capacity utilization in the Turkish manufacturing sector eased in July, after improving to a six-month high in the previous month, data from the central bank showed Friday. The capacity utilization rate of the manufacturing industry dropped to 74.9 percent from 75.3 percent in June. The rate was...

RussiaFlag-072514.jpg Russia's central bank decided to lift its key rate unexpectedly on Friday as geopolitical tensions increased risks of inflation amid rising threats to growth. The Board of Directors of Bank of Russia raised the key rate by 50 basis points to 8 percent. The bank was widely expected to leave rates unchanged. The rate has been hiked by a cumulative 250 basis points since February.

Germany's building industry orders rose in May from a year ago, as civil engineering work increased, figures from the statistical office Destatis showed Friday. The value of orders received by the construction industry, which includes building construction, civil and underground engineering enterprises,...

The leading index for eurozone rose at a slower rate in June, results of a survey by the Conference Board revealed Friday. The Conference Board leading economic index increased 0.1 percent month-on-month to 112.2 in June, slower than the 0.4 percent rise in May. In April, the index fell 0.2 percent. The...

Sweden's foreign trade balance registered a surplus in June, as exports grew faster than imports, figures from Statistics Sweden showed Friday. The foreign trade balance showed a surplus of SEK 5.2 billion in June. That followed a SEK 0.2 billion deficit in May. The surplus was SEK 3.9 billion in...

Italy's contractual hourly wages increased for a second straight month and at a steady rate in June, a report from the statistical office ISTAT showed Friday. Hourly wages increased 0.1 percent month-over-month in June, the same rate as in May. Wages had remained stagnant in April and March. On...

The U.K. economy expanded as expected in the second quarter underpinned by services and manufacturing, data showed Friday. Gross domestic product grew 0.8 percent sequentially in the second quarter, the same rate as seen in the first three months of the year, preliminary data from the Office for...

Sweden's retail sales rose more-than-expected in June, after declining in the previous month, figures from Statistics Sweden showed Friday. Retail sales grew a seasonally adjusted 0.5 percent monthly in June, in contrast to a 0.7 percent fall seen in the previous month. Economists had forecast a 0.4...

Austria's production index that combines industry and construction output dropped in May, figures from Statistics Austria showed Friday. The production index declined a working-day adjusted 2.1 percent year-on-year in May. Industrial production fell by 1.7 percent and construction output declined...

Germany's business confidence declined for a third successive month in July and at a faster-than-expected pace, reports said Friday, citing the survey results from the Ifo Institute. The Ifo Business Climate Index fell to 108, which was worse than the 109.4 score forecast by economists. In June,...

Eurozone money supply growth accelerated again in June, while lending to private sector continued to fall, data from the European Central Bank showed Friday. The broad money supply, M3 increased 1.5 percent year-on-year in June, faster than the 1 percent rise seen in May and 1.2 percent growth forecast...

Dutch producer confidence increased to its highest level in three years in July as assessment on new orders improved, a report from Statistics Netherlands showed Friday. The producer confidence index climbed to 1.2 in July from 0.7 in June. It was more than double the 0.5 consensus estimate. This...