Poland's consumer price inflation slowed further in December to the lowest level in more than one-and-a-half years. The consumer price index climbed 2.4 percent year-over-year in December, slower than the 2.5 percent increase in November. The slowdown in inflation was driven by a 3.1 percent decline in costs for fuels for personal transport equipment. Monthly, consumer prices remained flat.
Turkey's trade deficit widened in November as imports grew faster than exports. The trade deficit increased to $8.0 billion from $7.5 billion in the same period last year. The shortfall was $7.5 billion in October. Exports registered an annual increase of 1.3 percent, and imports were 2.6 percent higher.
Latvia's retail sales growth moderated in November after rebounding in the previous month. Retail sales rose a calendar-adjusted 3.3 percent year-over-year in November, slower than the 5.1 percent surge in October. Sales have been rising since June. Turnover of retail trade in non-food products, grew 4.4 percent yearly in November, while those of food products increased only by 0.8 percent.
Croatia's retail sales expanded at a slower pace in November. Retail sales in volume terms rose by a working day and a seasonally adjusted 1.4 percent year-on-year in November, much slower than the 4.1 percent growth in the prior month. On a monthly basis, retail sales decreased 1.7 percent, in contrast to a 1.1 percent rise in October.
Slovenia's consumer price inflation accelerated in December after easing in the previous month. The consumer price index climbed 2.7 percent year-on-year in December, faster than the 2.3 percent increase in November. Prices for food and non-alcoholic beverages grew 4.5 percent, and those of housing and utilities climbed 4.3 percent.
Turkey's unemployment rate increased marginally in November. The seasonally adjusted unemployment rate rose to 8.6 percent in December from 8.5 percent in the previous month. The number of people out of work increased by 54,000 over the month to 3.98 million. The employment rate was 49.2 percent compared to 49.1 percent a month ago.
A measure signalling future turning points in the Swiss economy improved at the end of the year to the highest level in more than a year. The economic barometer rose to 103.4 in December from 101.7 in November. Moreover, the outlook for the Swiss economy for the start of 2026 is above average.
Spain's consumer price inflation moderated to the lowest level in four months in December, while retail sales growth rebounded sharply in November. The consumer price index posted an annual increase of 2.9 percent in December, slightly slower than the 3.0 percent rise in November. The slowdown in inflation was mainly due to the drop in fuel and lubricant prices for personal vehicles.
Russia's service sector growth accelerated slightly in December to the highest level in nearly a year as output and new orders logged faster upturns. The services purchasing managers' index, or PMI, rose to 52.3 in December from 52.2 in November. New orders grew at the sharpest pace in seven months on the back of stronger demand conditions.
Finland's economic output expanded in November after contracting in the previous month. Output of the national economy rose a working-day-adjusted 0.3 percent year-over-year in November, reversing a 1.8 percent drop in October, which was revised from the 0.1 percent decrease estimated previously. On a seasonally adjusted basis, output grew 1.3 percent.
Lithuania's retail sales growth moderated further in November to the lowest level in six months. Retail sales, excluding VAT, climbed a calendar-adjusted 3.3 percent year-on-year in November, slower than the 3.8 percent rise in October. The annual sales growth in non-food products eased to 7.9 percent from 10.3 percent, while sales of automotive fuel logged a decline of 3.9 percent.
Consumers in Finland showed a more pessimistic attitude at the end of the year. The consumer confidence index dropped to -7.3 in December from -6.5 in November. Moreover, the score is well below the long-term average of -2.8. The industrial confidence index rose and returned to its long-term average of 0 in December from -6.0 in November
Sweden's foreign trade surplus increased notably in November from a year ago as imports fell faster than exports. The trade surplus rose to SEK 11.6 billion in November from SEK 5.2 billion in the corresponding month last year. In October, the trade balance showed a surplus of SEK 2.3 billion. On an annual basis, exports fell 6.0 percent, and imports were 9.0 percent lower.
Austria's manufacturing activity slipped into the contraction territory in December as the renewed fall in new orders weighed on production growth, survey data from S&P Global showed on Monday. The UniCredit Bank Austria manufacturing Purchasing Managers' Index fell to 49.3 in December from 50.4 in...
Slovenia's economic confidence turned positive in December to the highest level in three-and-a-half years. The economic sentiment rose to 0.6 in December from -0.6 in the previous month. Further, this was the highest reading since June 2024. The survey also showed that the confidence among consumers remained equally pessimistic at -24 in December.
December 26, 2025 08:42 ET Third quarter economic growth data from some major economies including the U.S. were the main news in this holiday shortened week. GDP growth and industrial production data from the U.S. helped to boost morale, while the consumer confidence survey results were less upbeat. In Europe, the quarterly economic growth data from the U.K. drew attention, while the minutes of the Australian central bank’s latest policy session was in focus in Asia.