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Isabel Schnabel, Germany's nominee to the European Central Bank's Executive Board, urged fellow German economists to tone down their criticism of the central bank's policies. "Dear fellow German economists, if you are wondering what you can do for Europe: Please help to dispel the harmful & wrong...

Eurozone's economy is growing more slowly than expected, but is unlikely to enter a recession, European Central Bank Executive Board member Philip Lane said in an interview to the La Repubblica newspaper. The 19-nation economy is likely to recover in the next year or two, the policymakers said in...

Greece's current account surplus in September grew from a year ago, helped by an improvement in the services balance and the merchandise trade balance and primary account, the Bank of Greece said Wednesday. The current account surplus grew to EUR 886.6 million from EUR 548.1 million in the same month...

The euro area financial stability environment remains challenging and non-banks have increased their exposure to riskier assets to address profitability challenges, the European Central Bank said in its Financial Stability Review released Wednesday. The bank noted that investment funds and insurers...

Sweden's capacity utilization rose further in the third quarter, figures from Statistics Sweden said on Wednesday. The seasonally adjusted capacity utilization rose to 91.4 percent in the third quarter from 90.9 percent in the previous quarter. In the same quarter last year, capacity utilization...

Germany producer prices declined for the second straight month in October largely driven by energy prices, data from Destatis showed Wednesday. Producer prices fell by 0.6 percent year-on-year in October, bigger than the 0.1 percent drop in September. This was the second straight decrease. Economists...

Estonia's producer prices decline in October, data from Statistics Estonia showed on Wednesday. The producer price index declined 1.7 percent year-on-year in October, following a 1.0 percent fall in September. Prices of mining and quarrying industry grew 2.8 percent annually in October and prices...

preview-nov20.jpg Producer price data from Germany is due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, Destatis is slated to issue Germany's producer price figures for October. Prices are forecast to drop 0.4 percent on a yearly basis, following a 0.1 percent fall in September. At...

Economic growth in the OECD that comprises of 36 member countries slowed further in the third quarter. Gross domestic product in the OECD area grew 0.3 percent from the second quarter, when the economy expanded 0.4 percent, provisional data from the Paris-based Organization for Economic Co-operation...

Hungary's central bank left its benchmark interest rate unchanged on Tuesday, in line with economist' expectations. The Monetary Council of the Magyar Nemzeti Bank decided to leave the base rate unchanged at 0.90 percent. The previous change in the rate was a 15 basis points reduction in May 2016. The...

UK manufacturers continued to log a decline in orders in November but the pace of decrease slowed from October, survey data from the Confederation of British Industry, or CBI, showed Tuesday. The order book balance fell to -26 percent in November from -37 percent in October, the Industrial Trends...

Portugal producer prices fell for the fifth month in a row in October, figures from Statistics Portugal showed on Tuesday. The producer price index fell 2.0 percent year-on-year in October, following a 1.8 percent decrease in September. Excluding the energy grouping, producer prices declined...

Eurozone's construction output rose for the first time in three months, data from Eurostat showed on Tuesday. Construction output grew 0.7 percent in September, reversing a 0.8 percent fall in August. Building and civil engineering works increased 0.6 percent and 1.2 percent, respectively. On...

Italy's industrial orders rose for the second straight month in September, figures from Istat showed on Tuesday. Industrial orders rose a seasonally adjusted 1.0 percent month-on-month in September, following a 0.8 percent increase in August. Orders from domestic and foreign market rose by 0.7...

Switzerland's exports declined in October after rising in the previous month and imports fell for the second straight month, data from the Federal Customs Administration showed on Tuesday. Exports declined by real 1.3 percent month-on-month in October, after a 2.7 percent rise in September. On...

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