logo

European Economic News

Share

The Norwegian central bank raised its benchmark interest rate further by 50 basis points in its August meeting, as widely expected, and policymakers hinted that there will be another rate hike in September in order to curtail soaring inflation. The Monetary Policy and Financial Stability Committee...

Mainland Norway's economy expanded in the second quarter after contracting in the previous quarter, preliminary data from Statistics Norway showed on Thursday. Gross domestic product of the mainland rebounded 0.7 percent from the first quarter, when it declined 0.4 percent. That was in line with...

Spain's foreign trade deficit increased sharply at the end of the second quarter, as imports grew more rapidly than exports, preliminary data from the Economy Ministry showed on Thursday. The trade deficit rose to EUR 5.39 billion in June from EUR 0.97 billion in the corresponding month last year....

Slovakia's EU measure of inflation increased further in July, data from the Statistical Office Of the Slovak Republic showed on Thursday. The EU measure of harmonized index of consumer prices, or HICP, rose 12.8 percent year-on-year in July, following an 12.6 percent increase in June. Economists had...

Austria's consumer price inflation rose more than initially estimated in July, final data from Statistics Austria showed on Thursday. Consumer prices rose 9.3 percent yearly in July, following an 8.7 percent increase in June. In the initial estimate, inflation was 9.2 percent. The latest inflation...

Eurozone construction output declined for the fourth straight month in July, data from Eurostat showed on Thursday. Construction output dropped 1.3 percent month-over-month in July, after a 0.3 percent decrease in June, which was revised from the 0.4 percent increase seen in the previous estimate. Civil...

Switzerland's exports declined for the first time in four months in July, data from the Federal Customs Administration showed on Thursday. Exports fell by a real 2.9 percent month-on-month in July, reversing a 1.0 percent increase in June. Imports decreased at a faster pace of 3.4 percent over...

The Dutch unemployment rate increased for the third month in a row in July to its highest rate since the start of the year, data from the Central Bureau of Statistics showed on Thursday. The seasonally adjusted ILO jobless rate for the 15-75 year old age group, rose to 3.6 percent in July from 3.4...

preview sept20 17aug22 Final consumer price data from Eurozone is due on Thursday, headlining a light day for the European economic news. At 2.00 am ET, Statistics Norway releases quarterly GDP data. The economy is forecast to grow 0.7 percent sequentially, in contrast to the 0.6 percent fall in the first quarter.

Norwegian consumer confidence worsened to a record low in the third quarter amid rising inflation and higher interest rates, results of a survey by Finance Norway showed on Wednesday. The seasonally adjusted consumer confidence fell sharply to -26.8 in the third quarter from -15.3 in the second quarter. Further,...

Portugal's producer price inflation slowed in July, after accelerating in the previous month, figures from Statistics Portugal showed on Wednesday. The producer price index climbed 24.8 percent year-on-year in July, slower than the 25.6 percent rise in June. The overall price growth in July was...

Poland's economy contracted for the first time in two years in the second quarter, preliminary data from Statistics Poland showed on Wednesday. Gross domestic product fell 2.3 percent sequentially in the second quarter, reversing a 2.5 percent growth in the first quarter. Further, this was the...

UK house price inflation eased notably in June, the Office for National Statistics said on Wednesday. Average house prices grew 7.8 percent on a yearly basis in June, following May's 12.8 percent increase. The ONS said annual house price inflation slowed due to the rises in prices seen in June...

The Dutch economy expanded at a faster pace in the three months ended June on the back of strong investment, net exports and household consumption, preliminary data from the Central Bureau of Statistics showed on Wednesday. Gross domestic product grew 2.6 percent sequentially in the second quarter,...

The euro area economy expanded slightly less than estimated in the second quarter, the flash estimate from Eurostat showed on Thursday. Gross domestic product grew 0.6 percent in the second quarter instead of 0.7 percent estimated on July 29. Nonetheless, this was faster than the 0.5 percent expansion...

Follow RTT