Austria's consumer price inflation increased further in May to the highest level in five months. The consumer price index climbed 3.7 percent year-over-year in May, faster than the 3.4 percent increase in April. The upward trend in inflation was largely attributed to higher costs for services, with the corresponding inflation rising to 4.4 percent from 4.1 percent in April.
Hungary's economy expanded at a faster pace in the first quarter of 2026, as estimated initially. On an unadjusted basis, gross domestic product rose 1.7 percent annually in the March quarter, following a 0.8 percent expansion in the fourth quarter. The expenditure breakdown showed that final consumption expenditure of households grew 4.9 percent, and government consumption was 5.4 percent higher.
Spain's unemployment declined less than forecast in May, data from the labor ministry showed Tuesday. The number of unemployed persons decreased 36,323 to 2.32 million in May. Economists had forecast a sharp decline of 56,800. Compared to last year, unemployment fell 134,162. Unemployment decreased...
Switzerland's foreign trade surplus grew in April as exports rose amid a fall in imports. The trade surplus rose to CHF 3.2 billion in April from CHF 2.6 billion in March. Exports increased slightly by 0.1 percent monthly in March, while imports declined by 3.0 percent. Exports of machines, electronics, and appliances advanced 5.5 percent.
Ireland's manufacturing activity grew at the strongest pace in four years in May, survey results published by S&P Global showed Tuesday. The AIB manufacturing Purchasing Managers' Index rose to 55.9 from 54.9 in April. A score above 50.0 indicates expansion. The improvement was driven by the strongest...
Dutch consumer price inflation increased further in May to the highest level in just over a year amid soaring energy costs. Consumer prices logged an annual increase of 3.5 percent in May, faster than the 2.8 percent rise in April. A 9.9 percent surge in energy costs, including motor fuels, primarily drove the upward trend in inflation. On a monthly basis, consumer prices edged up 1.1 percent.
Flash inflation from the euro area and mortgage approvals from the UK are the top economic news due on Tuesday. At 3.00 am ET, Spain's labor agency is scheduled to publish unemployment data for May. Unemployment is forecast to decline 56,800 compared to a drop of 62,700 in April.
Bulgaria's consumer price inflation accelerated further in May to the highest level in more than two-and-a-half years. The consumer price index, or CPI, climbed 7.0 percent year-over-year in May, faster than the 6.8 percent rise in April. The rise in inflation was largely driven by a 22.1 percent jump in transportation costs. On a monthly basis, consumer prices increased 0.2 percent.
The UK manufacturing activity expanded at the quickest pace in four years despite facing inflationary and supply chain pressures. The final manufacturing Purchasing Managers' Index rose to a 48-month high of 53.9 in May from 53.7 in the previous month. Output grew for the second successive month, led by expansions in the intermediate and investment goods industries.
The Swiss economy expanded less than estimated in the first quarter on subdued domestic demand, data from the State Secretariat for Economic Affairs, or SECO, showed Monday. Gross domestic product grew 0.4 percent in the first quarter, which was revised down from the initial estimate of 0.5 percent.
The Polish economic growth moderated slightly less than estimated initially in the first quarter. Gross domestic product advanced an unadjusted 3.5 percent yearly in the first quarter, slower than the 4.1 percent rise in the final quarter of 2025. On the expenditure side, the annual growth in household consumption eased to 3.3 percent from 4.3 percent.
Turkey's economic growth moderated further in the first quarter of 2026. Gross domestic product posted an annual growth of 2.5 percent after rising 3.4 percent in the fourth quarter. The expenditure breakdown showed that the yearly growth of household final consumption eased to 4.8 percent from 5.2 percent, and government expenditure rose by 2.1 percent.
The upturn in the euro area manufacturing sector lost momentum in May amid rising prices and supply disruptions due to the war in the Middle East, final survey results from S&P Global showed Monday. The manufacturing Purchasing Managers' Index fell to 51.6 in May from a near four-year high of 52.2 in the prior month. The flash score was 51.4.
Dutch manufacturing activity expanded at the quickest pace in almost four years due to a pick in demand amid efforts to build safety stocks as supply chain conditions declined further. The Nevi Manufacturing Purchasing Managers' Index rose to 55.9 in May from 54.4 in April. The increase in new orders was attributed to stockpiling efforts by customers amid disruptions to supply chains.
Loans to the euro area private sector registered a steady growth in April and the annual increase in money supply slowed to the lowest since mid-2024, the European Central Bank said Monday. Adjusted loans to the private sector increased 3.5 percent, unchanged from the previous month. Within this,...
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.