logo

European Economic News

Share

Portugal's economy contracted slightly less than initially estimated, but the rate of decline remained sharp, amid the severe hit from the coronavirus pandemic, latest figures from Statistics Portugal showed on Friday. Gross domestic product fell 16.3 percent year-on-year, which was initially estimated...

The Netherlands' economy shrank at a record pace in the second quarter and entered a severe recession, due to the impact of the coronavirus, or Covid-19, pandemic, preliminary estimates from the Central Bureau of Statistics showed on Friday. Gross domestic product decreased 8.5 percent sequentially...

Slovakia's economy shrank further in the second quarter amid the disruption caused by the coronavirus, or Covid-19, pandemic, preliminary estimates from the Statistical Office of the Slovak Republic showed on Friday. Gross domestic product decreased a seasonally adjusted 12.1 percent year-on-year...

Finland's economy shrank for a third consecutive quarter in the three months to June and at a steeper rate, plunging into a deep recession propelled by the harsh impact of the coronavirus or Covid-19 pandemic. Gross domestic product decreased 3.2 percent sequentially in the second quarter, preliminary...

eurozone 112819 14aug20 Employment in the euro area declined at a record pace in the second quarter as the imposition of the coronavirus containment measures dragged the currency bloc into a historic recession, flash estimates from Eurostat revealed Friday. Another report from Eurostat showed that the trade surplus nearly doubled in June from the previous month as the growth in exports far exceeded the rise in imports.

Romania's economic output dropped in the second quarter, amid the disruption caused by the coronavirus or Covid-19 pandemic, preliminary figures from the statistical office showed on Friday. Gross domestic product decreased a seasonally adjusted 12.3 percent in the second quarter, after a 0.3 percent...

Bulgaria's economy contracted in the second quarter as investments and foreign trade declined sharply amid the coronavirus pandemic, preliminary estimates from the statistical office showed on Friday. Gross domestic product fell a seasonally adjusted 8.2 percent year-on-year in the second quarter,...

The German economic recovery is likely to take a long time, the economy ministry said in its monthly report, released Friday. The economy has started to recover since May. The ministry said gross domestic product will recover strongly in the third quarter. However, the recovery process will be...

France's consumer price inflation rose as initially estimated in July, final data from the statistical office Insee showed on Friday. Consumer prices grew 0.8 percent year-on-year in July, following a 0.2 percent rise in June, as estimated. The latest inflation was mainly driven by a sharp increase...

Estonia's jobless rate rose in the second quarter, data from Statistics Estonia showed on Friday. The jobless rate rose to 7.1 percent in the second quarter from 5.0 percent in the first quarter. In the same quarter last year, the unemployment rate was 5.1 percent. The number of unemployed persons...

Ireland's trade surplus increased in June as exports rose and imports fell, figures from the Central Statistics Office showed on Friday. The trade surplus increased to EUR 6.589 billion in June from EUR 6.305 billion in May. In the same month last year, the trade surplus was EUR 4.936 billion. Exports...

Denmark's economy shrunk at a record pace in the second quarter of 2020 to enter a technical recession, due to the disruption caused by the coronavirus, or Covid-19, pandemic, preliminary figures from Statistics Denmark showed on Friday. Gross domestic product decreased 7.4 percent from the first...

The euro area economy contracted at a record pace in the second quarter, as initially estimated, due to the containment measures taken by member countries to control the spread of the coronavirus, flash estimate from Eurostat showed Friday. Gross domestic product fell 12.1 percent sequentially in...

Poland's consumer price inflation eased to more than estimated in July, final data from Statistics Poland showed on Friday. The consumer price index rose 3.0 percent year-on-year in July, after 3.3 percent increase in June. According to the initial estimate, inflation was 3.1 percent. Prices for...

Dutch exports and imports continued to fall in June, figures from the statistical office CBS showed on Friday. Merchandise exports fell 2.9 percent year-on-year in June, following a 11.4 percent decrease in May. Exports declined for the third consecutive month. In June, exports of transport, metal...

Follow RTT