Households in Turkey remained less pessimistic in June, and the confidence rose to the highest level in just over three years. The consumer confidence index rose to 87.9 in June from 85.8 in May. Moreover, this was the highest reading since May 2025. Nonetheless, a score below 100 indicates a pessimistic outlook.
Poland's producer prices increased at the fastest pace in three years, while retail sales growth rebounded. Producer prices rose 2.4 percent yearly in May, faster than the 2.1 percent increase in April. Retail sales climbed 3.0 percent annually in May, following a 1.3 percent rise in April, which was the slowest growth in the current sequence of expansion that began in April 2025.
Households in Denmark remained less pessimistic in June. The consumer confidence index rose to -14.0 in June from -19.8 in the previous month, which was the lowest reading in six months. he opinion regarding households' financial situation over the next year improved, with the respective index rising to -5.3 from -9.5 in May.
Dutch consumers remained less negative at the start of the year, marking the largest improvement in confidence in eleven years. The consumer confidence index rose to -39 in June from -46 in May. The economic climate index increased to -64 from -72, indicating that households' assessment of the economic situation in the past twelve months and in the coming twelve months improved.
The Bank of Russia reduced its benchmark interest rate by a quarter basis points on Friday, marking the ninth consecutive cut as inflation stays above the target. The Board of Directors decided to cut the key rate to 14.25 percent from 14.50 percent, the Russian central bank said. Markets had anticipated a 50 basis-point reduction.
Turkey's manufacturing capacity utilization rate increased further in June to the highest level in one year, while factory confidence remained more positive. The capacity utilization rate rose to 74.5 percent in June from 74.2 percent in the previous month. Moreover, this was the highest level since June 2025. The manufacturing confidence rose to a 4-month high of 103.5 in June from 103.3 in May.
Consumers in Slovenia remained less pessimistic in May, and the confidence strengthened to the highest level more than four-and-a-half years. The consumer sentiment index rose to -20 in May from -27 in April. Moreover, a similar reading was last seen in August 2021. Expectations regarding the general economic situation of the country over the next year strengthened notably to -20 from -35.
Greece's current account deficit decreased in April from a year ago, mainly due to improvements in the balance of goods and the secondary income account. The current account showed a deficit of EUR 1.4 billion in April, down from 2.3 billion in the corresponding month last year. The goods trade deficit narrowed to EUR 2.3 billion from EUR 2.9 billion as exports grew faster than imports.
Germany's producer prices increased at the fastest pace in three years in May, Destatis reported Friday. Producer prices grew 2.2 percent year-on-year in May, faster than the 1.7 percent rise seen in April. Prices grew the most since May 2023. Nonetheless, the pace of increase was slower than forecast...
UK retail sales rebounded in May as promotions and the hot weather drove consumer spending data, from the Office for National Statistics showed Friday. Retail sales grew by more-than-expected 1.2 percent on a monthly basis in May, in contrast to April's 1.0 percent fall. Sales were forecast to climb 0.5 percent. Excluding auto fuel sales, retail sales moved up 1.2 percent.
Italy's construction output increased for the second successive month in April. Construction production rose 0.3 percent month-on-month in April, though slower than the 1.9 percent strong recovery in March. The annual outcome was also an expansion of 2.7 percent versus a 3.0 percent growth in the prior month.
Poland's industrial production growth rebounded unexpectedly in May. Industrial production advanced 4.1 percent year-over-year in May, faster than the revised 2.9 percent growth in the prior month. The upturn in May was mainly supported by a 32.6 percent growth in mining and quarrying output and a 13.7 percent expansion in the utility segment.
The UK budget deficit widened more than officially estimated in May, data published by the Office for National Statistics showed Friday. Public sector net borrowing rose to GBP 23.3 billion from GBP 17.9 billion in the previous month. This was the second highest borrowing in any May on record....
Retail sales and public sector finances from the UK and monetary policy decision from Russia are due on Friday. At 2.00 am ET, the Office for National Statistics releases UK retail sales and public sector net borrowing figures.
Norway's central bank left its key interest rate unchanged on Thursday but hinted at a rate hike in one of the future sessions to bring the high inflation back to target. The Monetary Policy and Financial Stability Committee decided to keep the policy rate unchanged at 4.25 percent at its meeting on June 17, the Norges Bank said in a statement.
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.