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Italy's current account surplus increased for the first time in four months in July, mainly due to the strong performance of the goods balance and a recovering tourism surplus, preliminary figures from the Bank of Italy showed on Friday. The current account surplus rose to EUR 9.308 billion from...

Croatia's unemployment rate remained unchanged in August after easing in the previous two months, preliminary figures from the Croatian Bureau of Statistics showed on Friday. The total registered unemployment rate was 9 percent, unchanged from July. The rate had peaked at 9.5 percent in May. In...

Poland's industrial production grew less than expected in August, data from Statistics Poland revealed Friday. Another report showed that producer prices declined at a faster pace in August due to lower cost in manufacturing. Industrial production advanced 1.5 percent annually versus a 1.5 percent...

Russia's central bank left its key interest rate unchanged at a record low as widely expected after cutting the rate by 200 basis points so far this year. The Board of Directors, led by Governor Elvira Nabiullina, on Friday decided to retain the benchmark rate to 4.25 percent. The bank had reduced...

Italy's industrial orders and turnover increased for the third consecutive month in July, albeit at slower rates, data from the statistical office Istat showed Friday. Industrial orders grew 3.7 percent on month, following June's 23.7 percent increase. Domestic orders were up 1.3 percent, while foreign...

The euro area current account surplus declined in July due to a fall in primary income, the European Central Bank reported Friday. The current account surplus decreased to a seasonally adjusted EUR 17 billion from EUR 21 billion in June. In the same period last year, the surplus was EUR 24 billion. ...

ukretails aug16 18sep20 UK retail sales grew for the fourth straight month in August surpassing the pre-pandemic level, data from the Office for National Statistics showed Friday. Retail sales volume increased 0.8 percent month-on-month in August, but slower than July's 3.7 percent increase. This was the fourth consecutive monthly rise. Sales were forecast to climb 0.7 percent.

Germany's producer prices declined at the slowest pace in five months in August, preliminary data from the Federal Statistical Office showed on Friday. Producer prices declined 1.2 percent year-on-year following a 1.7 percent fall in July. Economists had expected a 1.4 percent decrease. The pace...

UK retail sales grew for the fourth straight month in August but the pace of expansion slowed markedly, data from the Office for National Statistics showed Friday. Retail sales volume increased 0.8 percent month-on-month in August, but slower than July's 3.7 percent increase. Sales were forecast...

Nearly half of the UK firms plan to either reduce or not recruit at all over the coming year, according to an annual survey conducted by the Confederation of British Industry released Friday. About 47 percent plan to maintain or increase recruitment, compared to 45 percent of respondents who expect...

preview sept19 18sep20 Retail sales data from the UK is due on Friday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics is slated to issue UK retail sales data for August. Sales are forecast to grow 0.7 percent on month, slower than the 3.6 percent rise seen in July.

bankofengland march18 17sep20 The Bank of England retained its interest rate at a record low on Thursday, but policymakers started to assess how negative interest rates work amid talks on post Brexit trade deal, the recent rise in Covid-19 cases and the rising risk of elevated unemployment. The nine-member Monetary Policy Committee unanimously decided to hold the interest rate at 0.10 percent, as widely expected.

Eurozone construction output growth eased sharply in July, Eurostat reported on Thursday. The construction output increased 0.2 percent month-on-month in July, after a 5.1 percent rise in June. Production in building construction remained unchanged, while that of civil engineering rose 1.1 percent....

Poland's average gross wages grew in August, data from Statistics Poland showed on Thursday. Average gross wages and salaries increased 4.1 percent year-on-year in August. Economists had forecast a rise of 4.0 percent. On a monthly basis, average gross wages fell 0.8 percent in August. Average...

Policymakers of the Bank of England unanimously decided to hold its record low interest rate and quantitative easing unchanged on Thursday. The nine-member Monetary Policy Committee unanimously voted to hold the interest rate at 0.10 percent, as widely expected. The bank had altogether reduced the...

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