logo

European Economic News

Share SHARE

Germany's economic sentiment weakened for the first time in three months, defying expectations for improvement as financial experts do not expect the strong performance of the economy in the first quarter to continue, results of the latest survey from the Centre for European Economic Research or ZEW...

Iceland's wages increased at a faster pace in April, Statistics Iceland reported Tuesday. The wage index climbed 13.4 percent year-on-year in April following a 13.3 percent rise in March. On a monthly basis, growth in wages slowed to 0.3 percent from 0.9 percent a month ago. The real wage...

The U.K. budget deficit narrowed less than expected in April, figures from the Office for National Statistics showed Tuesday. Public sector net borrowing excluding public sector banks decreased GBP 0.3 billion from last year to GBP 7.2 billion in April. It was forecast to fall to GBP 6.4 billion....

Finland's producer prices declined at a strong pace for the third straight month in April, mainly due to lower prices for oil, basic metals and chemical products, figures from Statistics Finland showed Tuesday. The total producer prices index dropped 4.7 percent year-on-year following 4.2 percent...

Sweden's jobless rate declined to a 4-month low in April, Statistics Sweden reported Tuesday. The unemployment rate fell to 7.3 percent in April from 7.7 percent in March. This was the lowest since December 2015, when the rate was 6.7 percent. It was forecast to drop marginally to 7.6 percent. The...

Finland's unemployment rate dropped in April after rising strongly in the previous month, data from Statistics Finland showed Tuesday. The unemployment rate fell to 9.8 percent from 10.1 percent in March. In February, the figure was 9.4 percent. A year ago, the jobless rate was 10.3 percent. The...

Czech economic confidence improved slightly in May after easing in April, the Czech Statistical Office reported Tuesday. The economic confidence index rose to 11.0 from 10.5 in April. In industry, the sentiment index climbed to 2.7 from 1.7, while that in trade fell to 17.7 from 18.3. At the...

French business confidence weakened in May after strengthening in the previous month as export demand weakened sharply, figures from INSEE showed Tuesday. The manufacturing business confidence index fell to 104 from a revised 105 in April. Economists had expected the figure to hold steady at 104...

Edited last paragraph Switzerland's trade surplus increased in April as exports recovered amid a fall in imports, data from the Federal Customs Administration showed Tuesday. The trade surplus increased to CHF 2.5 billion in April from CHF 2.2 billion in March. Exports grew 0.3 percent from...

The German economy expanded at the fastest pace in two years as estimated in the first quarter, detailed quarterly national accounts from Destatis showed Tuesday. Gross domestic product climbed 0.7 percent sequentially, faster than the 0.3 percent rise seen in the fourth quarter. GDP climbed...

EEP13-011515_24May16.jpg Economic confidence and revised quarterly national accounts from Germany are due on Tuesday, headlining a busy day for the European economic news.

Eurozone consumer confidence improved for a second straight month and at a faster-than-expected pace in May to its highest level in four months, preliminary data from the European Commission showed Monday. The flash consumer confidence index climbed to -7 from -9.3 in April. Economists had forecast...

ECBPeterPraet-052316.jpg The risks of a de-anchoring of inflation expectations to below 1 percent or close to zero in the euro area have increased and hence, the central bank acted forcefully, ECB Executive Board member Peter Praet said in an interview to newspaper, published Monday.

Eurozonepmi-052316.jpg Eurozone private sector growth weakened to the lowest level in more than a year in May as improvements in Germany and France were offset by softening of activity outside the big-two economies. The flash composite output index fell unexpectedly to a 16-month low of 52.9 from 53 in April, the results of the Purchasing Managers' Survey by Markit Economics revealed Monday.

The risks of a de-anchoring of inflation expectations to below 1 percent or close to zero in the euro area have increased and hence, the central bank acted forcefully, ECB Executive Board member Peter Praet said in an interview to newspaper, published Monday. "We have seen in some countries some...

Follow RTT