European Economic News

Share SHARE

Estonia's industrial production declined in August after recovering a month ago, Statistics Estonia reported Wednesday. Industrial output fell 2 percent from July, when it was up around 2.8 percent. Production decreased as energy and mining recorded sharp declines, while manufacturing expanded only...

Ireland's manufacturing sector expanded at a slower rate in September, survey figures from Markit Economics showed Wednesday. The seasonally adjusted Investec purchasing managers' index, or PMI, fell to 55.7 in September from 57.3 in August. This marked the sixteenth consecutive month of growth in...

EEP2-091614_01Oct14.jpg Results of manufacturing purchasing managers' surveys for major eurozone countries are due on Wednesday. At 1 am ET, Markit Economics will release its September manufacturing purchasing managers' index, or PMI, data for Ireland. In August, the PMI was at 57.3. Around the same time Markit Economics...

Romania's central bank on Tuesday cut its key interest rate for a second straight session to a record low amid slowing inflation and growth. The Board of the National Bank of Romania cut the monetary policy rate to a new record low 3 percent from 3.25 percent. The decision was in line with economists'...

UKflag-093014.jpg The U.K. economy grew more than estimated in the second quarter and the current account deficit widened from the first quarter, the Office for National Statistics said Tuesday. Gross domestic product grew 0.9 percent sequentially, up from the prior estimate of 0.8 percent. The annual growth was confirmed at 3.2 percent.

EurozoneJobles-Inflation-093014.jpg Eurozone inflation slowed in September, as expected, to the lowest since late 2009 and the unemployment rate remained stable at a double digit level in August putting pressure on the European Central Bank to launch a full-blown easing. Inflation came in at 0.3 percent, slower than August's 0.4 percent. This was the lowest since October 2009, when prices fell 0.1 percent.

Denmark's economy grew in the second quarter instead of contracting as estimated earlier, revised figures from Statistics Denmark showed Tuesday. Gross domestic product grew 0.2 percent sequentially versus a 0.3 percent contraction reported on August 29. Data were adjusted to comply with the new...

Italy's inflation remained negative for the second straight month in September, provisional estimates from the statistical office Istat showed Tuesday. At the same time, the producer price index showed negative change over the last 18 consecutive months. Consumer prices dropped 0.1 percent year-on-year...

Norway's retail sales rose at a slower than expected rate in August, figures from Statistics Norway showed Tuesday. Retail sales increased 0.6 percent month-over-month in August. This was less than the 0.8 percent growth expected by economists. In July, retail sales had declined 1.5 percent. On...

The unemployment rate in the eurozone remained stable as expected in August, a report from Eurostat showed Tuesday. The jobless rate came in at 11.5 percent in August, the same rate as in July. This matched economists' expectations. In the corresponding month of the previous year, the unemployment...

Eurozone inflation slowed marginally in September as expected, flash data from Eurostat showed Tuesday. Inflation came in at 0.3 percent, down from 0.4 percent in August. It continues to stay below the European Central Bank's target of 'below but close to 2 percent'. Core inflation that excludes...

The unemployment rate in Italy decreased unexpectedly in August but jobless rate among youth was at a record-high, a report from the statistical office Istat showed Tuesday. The jobless rate fell to 12.3 percent in August from 12.6 percent in July. Economists had expected the jobless rate to remain...

The U.K. economy grew more than estimated in the second quarter, the Office for National Statistics said Tuesday. Gross domestic product grew 0.9 percent sequentially, up from the prior estimate of 0.8 percent. The annual growth was confirmed at 3.2 percent. The peak to trough fall of the economic...

Turkey's trade deficit widened unexpectedly in August, preliminary figures from the Turkish Statistical Institute showed Tuesday. The foreign trade deficit increased to $ 8.36 billion in August from $ 7.08 billion in the same month of the previous year. Economists had expected the deficit to decrease...

German unemployment increased unexpectedly in September, official data showed Tuesday. The number of unemployed increased by 12,000 in September from last month, the Federal Labor Agency said. Economists had forecast a decline of 2,000. The jobless rate came in at seasonally adjusted 6.7 percent,...