logo

European Economic News

Share

preview-oct24.jpg The interest rate announcement from the European Central Bank is due on Thursday, headlining a busy day for the European economic news. The ECB is unlikely to announce any monetary policy change after the Governing Council meeting at 7.45 am ET. President Mario Draghi is set to begin his customary post-decision press conference at 8.30 am ET. This will be the final meeting of Draghi as ECB chie

ecbank-sep13_23oct19.jpg European Central Bank President Mario Draghi will be chairing his final monetary policy meeting on Thursday, but the savior of euro known for his buzzwords "whatever it takes", leaves behind a legacy marred by controversy. Draghi, who is set to handover the reins of the ECB to former IMF Managing Director Christine Lagarde at the end of the month, is unlikely to announce any policy change.

Eurozone consumer confidence weakened more-than-expected in October to its lowest level in 10 months, preliminary data from the European Commission showed on Wednesday. The flash consumer confidence index fell to -7.6 from -6.5 in September. Economists had forecast a score of -6.7. The latest...

Germany has nominated academic Isabel Schnabel to the European Central Bank's executive board. German Finance Minister Olaf Scholz confirmed the nomination on Wednesday, Reuters reported. Schnabel, who is a professor of financial economics at the University of Bonn, of welcomed here nomination...

Poland's jobless rate fell marginally in September, data from Statistics Poland showed on Wednesday. The registered jobless rate fell to 5.1 percent in September from 5.2 percent in August and July. That was in line with economists' expectation. In the same month last year, the jobless rate was...

Moody's Investors Service downgraded Russia's banking system outlook to stable from positive citing sluggish economic growth. "Russia continues to face a range of economic challenges, and reflecting that we have lowered our real GDP growth forecast for the country to 1.2% from 1.6% for 2019," Olga...

South Africa's consumer price inflation eased in September after rising in the previous month, data from Statistics South Africa showed on Wednesday. The consumer price index climbed 4.1 percent year-on-year in September, after a 4.3 percent increase in August. Economists had expected inflation...

Turkey's consumer confidence rose in October after falling in the previous month, underpinned by a broad improvement in expectations, figures from the Turkish Statistical Institute showed on Wednesday. The consumer confidence index rose to 57.0 in October from 55.8 in September. In August, the confidence...

Denmark consumer confidence fell for the second straight month in October, survey data from Statistics Denmark showed on Wednesday. The consumer confidence index fell to 1.7 in October from 4.3 in September. In August, the confidence index reading was 6.3. The index measuring consumer's view regarding...

France manufacturing confidence weakened to the lowest level in more than four years in October, survey results from the statistical office Insee showed Wednesday. The manufacturing sentiment index fell to 99 in October from 102 in September. This was the lowest reading since March 2015. The score...

preview-oct23.jpg Manufacturing sentiment from France is due on Wednesday, headlining a light day for the European economic news. At 2.45 am ET, the French statistical office Insee is slated to issue monthly manufacturing sentiment data. Economists forecast the confidence index to remain unchanged at 102 in October.

Hungary's central bank kept its benchmark interest rates unchanged, as expected, on Tuesday, citing asymmetric risks to inflation. The Monetary Council of the Magyar Nemzeti Bank decided to hold the base rate unchanged at 0.90 percent. The previous change in the rate was a 15 basis points reduction...

ecb-102418_22oct19.jpg Euro area banks slightly eased the credit standards for loans to enterprises and those to households for house purchase in the third quarter, data from the third quarter euro area bank lending survey from the European Central Bank showed on Tuesday. Banks had expected them to remain broadly unchanged in the previous survey.

ukpublicfinance-sept21_22oct19.jpg The UK budget deficit widened in the first half of the fiscal year raising the possibility of the government overshooting the target in 2019-20, after a decade-long austerity. During the April to September period, the budget deficit climbed 21.6 percent on a yearly basis to GBP 40.3 billion, data from the Office for National Statistics showed Tuesday.

Ireland wholesale prices declined at a slower rate in September, data from the Central Statistics Office showed on Tuesday. The wholesale price index fell 1.7 percent year-on-year in September, following a 4.4 percent decline in August. Prices decreased for the nineteenth straight month. On a...

Follow RTT
>