Latvia's industrial production declined for the first time in sixteen months in July. Industrial output dropped a calendar-adjusted 0.2 percent year-on-year in July, slower than the 0.5 percent increase in June. Among sectors, mining and quarrying output also logged a renewed contraction of 0.5 percent, while the decline in the utility sector output eased markedly to 1.1 percent from 14.0 percent.
Ireland's economy expanded more than initially estimated in the second quarter. Gross domestic product rose a seasonally adjusted 10.2 percent sequentially in the second quarter, reversing a 7.8 percent sharp fall in the first quarter. The strong recovery in the second quarter was driven mainly by growth in the multinational-dominated sectors of the economy.
Czechia's consumer price inflation accelerated further as expected in August, while retail sales grew at a faster pace in July. Consumer prices climbed 1.9 percent year-over-year in August, faster than the 1.7 percent increase in July, flash data revealed. Retail sales, except for motor vehicles and motorcycles, rose a calendar-adjusted 4.8 percent year-on-year in July.
Eurozone retail sales declined unexpectedly in July after rising in the previous two months. Retail sales decreased 0.6 percent monthly in July, reversing a 0.2 percent rise in June. Meanwhile, economists had expected an increase of 0.3 percent. Moreover, this was the fastest drop since May 2025. Sales of non-food products, excluding automotive fuel, declined 1.4 percent.
The UK construction activity continued to deteriorate in August, led by weakness in the residential building segment. The construction purchasing managers' Index dropped to 44.3 in August from 44.7 in July. The survey revealed that the downturn was attributed to subdued demand conditions and a reduction in new projects, especially house building starts.
Germany's construction sector downturn moderated notably in August amid a fresh growth in commercial activity. The construction purchasing managers' index climbed to 48.7 in August from 42.1 in July. The decline in residential building activity softened sharply to the weakest since December 2025, while the civil engineering segment logged a renewed contraction.
Romania's retail sales fell by a working-day-adjusted 6.1 percent year-on-year in July, slower than the 7.4 percent decrease in June. Sales have been falling since August 2025. Sales of food products alone contracted 5.8 percent annually in July, and those of non-food products dropped 6.7 percent.
Germany's factory orders grew more than expected in July, reflecting the strong order growth in the manufacture of ships, railway rolling stock and aircraft, official data revealed Friday. Factory orders increased 2.5 percent on a monthly basis in July but slower than the revised 3.7 percent expansion seen in June. Orders were expected to rise 0.3 percent.
Estonia's industrial production expanded for the first time in six months in July. The volume of industrial production rose 2.3 percent year-on-year in July, reversing a 4.6 percent increase in June. Among sectors, output produced in the utility sector recovered sharply by 16.0 percent annually in July, and manufacturing production also logged a renewed upturn of 1.1 percent.
Croatia's industrial output expanded at the fastest pace in eight months in July. The seasonally and working-day adjusted industrial production advanced 7.2 percent year-on-year in July, faster than the 4.3 percent renewed growth in June. The intermediate goods industry grew sharply by 16.6 percent from last year, and the output growth in energy accelerated to 9.1 percent from 1.2 percent.
Cyprus' consumer price inflation accelerated in August to the highest level in nearly three years amid higher transportation charges. The consumer price index climbed 3.5 percent year-on-year in August, faster than the 2.9 percent increase in July. Inflation based on transportation quickened sharply to 11.4 percent from 6.0 percent a month ago.
The UK services activity grew at the fastest pace in four months in August reflecting an improvement in broader economic conditions, final survey data from S&P Global showed Thursday. The services Purchasing Managers' Index rose to a four-month high of 52.5 in August from 52.1 in the previous month....
Turkey's consumer price inflation moderated slightly in August to the lowest level in five months. Consumer price inflation slowed to 31.5 percent in August from 31.8 percent in July. The annual price growth in food and non-alcoholic beverages eased to 33.8 percent from 37.5 percent. producer price inflation increased to 27.95 percent in August from 27.83 percent in July.
The Austrian economy marked a renewed contraction in the second quarter, revised from a stagnation estimated initially. Gross domestic product decreased 0.1 percent in the June quarter after a revised 0.1 percent increase in the March quarter. The economic output was mainly dampened by a further rise in energy prices.
Russia's services activity expanded for the first time in six months in August amid a fresh upturn in news sales. The services purchasing managers' index, or PMI, rose to 51.3 in August from 49.0 in July. New orders showed a renewed increase in August on the back of strengthening demand conditions. The latest rise in new sales boosted business expectations for the year ahead.
September 04, 2026 15:08 ET The job report and foreign trade data were the main economic news from the U.S. in the first week of September. Elsewhere in North America, the Canadian central bank announced its latest policy decision. Inflation data from Eurozone was the highlight in Europe. The latest interest rate decision by the Reserve Bank of New Zealand drew attention in Asia.