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Belgium's consumer confidence rose for the first time in three months in May to reach its highest level in four years, on the back of significant improvement in the macroeconomic outlook during the month, the National Bank of Belgium said Friday. The consumer confidence indicator climbed to -3 from...

Bank of England Deputy Governor Minouche Shafik said productivity growth is likely to resume and factors pulling inflation down could be temporary. "I think it is reasonable to expect that resumption in productivity growth to come over the next year or so as the continued narrowing of slack in the...

Draghi-052215.jpg European Central Bank President Mario Draghi reiterated on Friday that euro area economic conditions have improved, indicating a cyclical recovery, and urged the region's governments to make progress on structural reform that is essential to sustain the momentum. "The economic outlook for the euro area is brighter today than it has been for seven long years," he said.

Turkey's manufacturing capacity utilization climbed for the second straight month in May, figures from the central bank showed Friday. The capacity utilization rate rose to 74.9 percent in May from 74.1 percent in the previous month. The latest figure was the highest since October last year, when...

GermanBusinessConfidence-052215.jpg German business confidence weakened marginally from a 10-month high in May and the economy grew at a slower pace in the first quarter, as initially estimated, revealed two separate reports released Friday. The business confidence index fell less-than-expected to 108.5 in May from 108.6 in April, according to a survey by Munich-based Ifo Institute. This was the first fall in seven months but the i

Iceland's wage growth eased for the second straight month in April and reached a 10-month low, figures from Statistics Iceland showed Friday. The wage index increased 5.2 percent year-over-year in April, slower than March's 5.6 percent climb. The latest rate of growth was the slowest since May last...

Italy's retail sales dropped unexpectedly in March, after staying flat in the previous month, figures from the statistical office Istat showed Friday. Retail sales fell 0.2 percent year-over-year in March, defying economists' expectations for a 0.4 percent climb. In February, sales showed no variations,...

Greece's current account deficit in March increased from a year ago, figures from the Bank of Greece showed Friday. The current account deficit widened to EUR 404.1 million in March from EUR 88.4 million in the same month of the previous year. The goods trade deficit narrowed to EUR 1.01 billion...

European Central Bank President Mario Draghi reiterated on Friday that euro area economic conditions have improved, indicating a cyclical recovery, and progress on structural reform is needed to sustain it. "The economic outlook for the euro area is brighter today than it has been for seven long years....

The U.K. budget deficit narrowed in April from last year, data published by the Office for National Statistics showed Friday. Public sector net borrowing excluding banks declined by GBP 2.5 billion to GBP 6.8 billion in April. This decrease in net borrowing was largely a result of a decline of...

Italy's industrial orders dropped unexpectedly in March, after rising in the prior month, figures from the statistical office Istat showed Friday. Industrial orders fell 0.3 percent month-over-month in March, defying economists' expectations for a 0.7 percent increase. In February, orders had risen...

German business confidence weakened less than expected in May, reports said citing survey results from Munich-based Ifo Institute on Friday. The business confidence index fell marginally to 108.5 in May from 108.6 in April. It was expected to decline to 108.3. Meanwhile, the current conditions...

Dutch consumer confidence improved as expected in May after stagnating in the previous month, while consumer speeding growth eased slightly in March, figures from the Central Bureau of Statistics showed Friday. The consumer confidence index rose to 2.0 In May from 0 in April. The score also in line...

Austria's production index increased in March from a year ago, figures from Statistics Austria showed Friday. The production index, which combines industrial production and construction, rose a working-day-adjusted 0.8 percent year-over-year in March. Production in the industrial sector grew 2.1...

Denmark retail sales declined in April from the prior month largely due to a fall in consumer goods demand, Statistics Denmark said Friday. Retail sales fell 0.2 percent month-on-month in April partially offsetting 0.4 percent increase in March. This was the second fall so far this year. Sale...

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