logo

European Economic News

Share

ukpublicfinance sept21 22jan21 The UK budget deficit surged to the third highest level on record in December as the government stepped up measures to support households and businesses amid the pandemic, official data revealed Friday. Public sector net borrowing, excluding public sector banks, totaled GBP 34.1 billion in December, which was GBP 28.2 billion more than in the same period last year.

Italy's construction output rose for the first time in three months in November, data from the statistical office ISTAT showed on Friday. The construction output rose a seasonally adjusted 1.7 percent month-on-month in November, after an 2.0 percent fall in October. On a yearly basis, the construction...

eurozonepmi nov23 22jan21 Amid the ongoing Covid-19 pandemic, euro area private sector activity contracted at an accelerated pace in January as factory output growth weakened to a seven-month low and services output dropped for the fifth straight month, flash survey data from IHS Markit showed Friday. The composite output index declined to 47.5 in January from 49.1 in December. The score was seen at 47.6.

Ireland's wholesale prices declined further in December, data from the Central Statistics Office showed on Friday. Wholesale prices decreased 14.5 percent annually in December, following a 10.7 percent decline in November. On a monthly basis, wholesale prices fell 4.1 percent in December, following...

Latvia's producer prices declined December, albeit at a softer pace, figures from the Central Statistical Bureau showed on Friday. The producer price index fell 0.3 percent year-on-year in December, following a 0.9 percent decrease in November. Among components, prices of electricity, gas, steam...

Poland's producer prices remained stable in December, data from Statistics Poland showed on Friday. The producer price index remained unchanged year-on-year in December, after a 0.2 percent decline in November. Economists had expected a 0.1 percent fall. Prices for manufacturing declined 0.9 percent...

Poland's retail sales declined more than expected in December, figures from Statistics Poland showed on Friday. Retail sales fell 0.8 percent year-on-year in December, after a 5.7 percent growth in the same month last year. Economists had expected a 0.7 percent decline. Sales of textiles, clothing,...

ukpmi aug03 22jan21 The UK private sector logged a renewed downturn in January as the third lockdown dampened the services economy and trimmed the manufacturing growth, flash survey results from IHS Markit and the Chartered Institute of Procurement & Supply showed Friday. The flash composite output index fell sharply to an eight-month low of 40.6 in January from 50.4 in December.

The French private sector logged a faster contraction in January partially driven by the imposition of stricter Covid-19 curfews, flash survey results from IHS Markit showed Friday. The composite output index slid to 47.0 in January from 49.5 in the previous month. The expected score was 49.0. A...

Eurozone private sector activity contracted at an accelerated pace in January amid the ongoing pandemic and related restrictions, flash data from IHS Markit showed Friday. The composite output index declined to 47.5 in January from 49.1 in December. The score was seen at 47.6. The score signaled...

Germany's private sector growth slipped to a seven-month low in January as the Covid-19 control measures depressed activity, flash survey results from IHS Markit showed on Friday. The flash composite output index fell to 50.8 in January from 52.0 in December. However, the reading was above the economists'...

The UK budget deficit widened to the third highest level on record in December, data from the Office for National Statistics showed Friday. Public sector net borrowing, excluding public sector banks, totaled GBP 34.1 billion in December, which was GBP 28.2 billion more than in the same period last...

UK retail sales recovered in December but the pace of growth was much slower than expected, data released by the Office for National Statistics showed Friday. The retail sales volume gained 0.3 percent month-on-month, reversing a 4.1 percent decline seen in November. However, the pace of growth was...

previewimage aug03 22jan21 Retail sales, public sector finances and flash Purchasing Managers' survey results from the UK are due on Friday, headlining a busy day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK budget balance and retail sales figures. Economists forecast retail sales to advance 1.2 percent on month in December, in contrast to a 3.8 percent fall in November.

christinelagarde 070319 21jan21 Risks surrounding the euro area growth outlook remain tilted to the downside, but are now less pronounced, the European Central Bank President Christine Lagarde said Thursday. "The news about the prospects for the global economy, the agreement on future EU-UK relations and the start of vaccination...

Follow RTT