logo

European Economic News

Share

Malta's producer prices rose in April after falling in the previous month, data from the National Statistics Office showed on Wednesday. The producer price index rose 0.6 percent year-on-year in April, after a 0.09 percent decrease in March. In February, producer prices had increased 1.63 percent. Prices...

Slovenia's retail sales declined at a slower pace in April, data from the Statistical Office of the Republic of Slovenia showed on Wednesday. The retail trade turnover declined 8.8 percent month-on-month in April after falling 12 percent in March. Sales in specialized stores with motor fuels decreased...

Sweden's producer price declined at a softer pace in April, figures from Statistics Sweden showed on Wednesday. The producer price index declined 3.0 percent year-on-year in April, following a 3.6 percent decrease in March. This was the fourth consecutive fall in prices. Import prices declined...

Hungary's jobless rate rose during the February to April period, data from the Hungarian Central Statistical Office showed on Wednesday. The jobless rate rose to 3.8 percent during the February to April period from 3.7 percent during the January to March period. The number of unemployed persons...

Lithuania's retail sales declined at a faster rate in April amid government measures introduced to control the spread of coronavirus, or Covid-19, pandemic, figures from the statistical office showed on Wednesday. Retail sales, excluding VAT, decreased a working-day adjusted 17.9 percent year-on-year...

ecb jan24 27may20 The European Central Bank President Christine Lagarde said the euro area economy is likely to contract as much as 12 percent in 2020 as member countries struggle to emerge from the coronavirus pandemic. On a live webinar, Lagarde said on Wednesday, the actual economic outcome would come between the ECB's "medium" and "severe" scenarios. The mild scenario is outdated.

The downturn in Austria's manufacturing sector caused by the coronavirus, or Covid-19, pandemic, showed signs of easing in May, survey results from IHS Markit showed Wednesday. The headline UniCredit Bank manufacturing Purchasing Managers' Index rose to 40.4 in May from a record low of 31.6 in April. Nonetheless,...

Norway's retail sales recovered in April and the jobless rate logged a moderate decline in March, figures from Statistics Norway showed on Wednesday. Retail sales rose 4.8 percent month-on-month in April, after a 0.9 percent fall in March. Economists had expected a 2.5 percent decline. Sales of...

Finland's consumer confidence improved in May, survey data from Statistics Finland showed on Wednesday. The consumer sentiment index rose to -9.0 in May from -13.9 in April. All four components of the confidence index improved in May compared to the previous month. Households' expectations concerning...

Finland's jobless rate rose notably in April from the previous month and retail sales turnover decreased from last year, figures from Statistics Finland showed on Wednesday. The jobless rate for the 15 to 74 age group rose to 8.1 percent in April from 7.3 percent in March. In the same month last year,...

French consumer confidence weakened to a 16-month low in May as households were concerned about general economic conditions amid coronavirus pandemic, survey results from the statistical office Insee showed Wednesday. The consumer sentiment index fell to 93 in May from 95 in April. The score remained...

preview2 sept20 27may20 Consumer and business sentiment survey results from France are due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, Statistics Norway is set to issue unemployment and retail sales data. The jobless rate is forecast to rise to 4 percent in March from 3.5 percent in the preceding period.

Hungary's central bank left its benchmark interest rates unchanged, as widely expected, on Tuesday. The Monetary Council of the Magyar Nemzeti Bank decided to maintain the base rate at 0.90 percent. The previous change in the rate was a 15 basis points reduction in May 2016. The overnight central...

Norwegian consumer confidence declined in the second quarter to the lowest since mid-2016 due to the coronavirus pandemic, survey data from Finans Norge showed on Tuesday. The consumer sentiment index fell to a seasonally adjusted -7.6 in the second quarter from +4.7 in the first quarter. This...

germany may25 26may20 German consumer confidence is set to recover marginally in June from a record low after the gradual reopening of many businesses, survey results from the market research group GfK showed Tuesday. The forward-looking consumer sentiment index rose to -18.9 in June from -23.1 in May. The score was expected to improve to -18.3.

Follow RTT