The European passenger car market logged further strong expansion in registrations in May amid sharp increases in the four major markets in the region along with robust demand for electric vehicles, monthly data from the Brussels-based European Automobile Manufacturers' Association, or ACEA, showed on Wednesday.
New car sales in the European Union rose 18.5 percent year-on-year in May, following a 17.2 percent growth in April, the ACEA said.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.