logo

European Economic News

Share

ukbank-sep12_21mar19.jpg Bank of England policymakers decided that it was appropriate to keep the interest rate and monetary stimulus unchanged this month as UK lawmakers scramble to secure an extension of the deadline for leaving the European Union. The bank also released results of a survey which showed that "a significantly greater number of companies had judged themselves ready for a no-deal, no-transition Brexit.

norwaycentralbank-062217_21mar19.jpg Norway's central bank left its key interest rate unchanged on Thursday and signaled that the next hike would come in the second half of this year. The Executive Board raised the key policy rate by 25 bps to 1 percent, in line with economists' expectations. The bank had signaled a hike in March in...

The Bank of England kept its key interest rate and bond purchases unchanged on Thursday, and reiterated that a further tightening of policy at a gradual pace may be needed if the economy expands in line with projections. The nine-member Monetary Policy Committee, led by Governor Mark Carney, held...

uk-aug15_21mar19.jpg UK retail sales rose in February, defying expectations for a decline, despite a sharp decline in food sales, preliminary data from the Office for National Statistics showed on Thursday. Retail sales grew 0.4 percent month-on-month after a 0.9 percent rise in January. Sales rose for a second straight month. Economists had forecast a 0.4 percent decline.

Switzerland's central bank on Thursday kept its expansionary monetary policy unchanged by holding the key interest rate unchanged, citing a still strong franc, and trimmed the inflation forecast for this year due to weaker outlook for global economy. The Swiss National Bank left its interest rate...

The Netherlands' consumer confidence fell for the eighth month in a row in March to the weakest level since late 2014, data from the Central Bureau of Statistics showed on Wednesday. The consumer confidence index dropped to minus 4 from minus 2 in February. The latest reading was the lowest since...

ukinflation-oct17_20mar19.jpg UK consumer price inflation unexpectedly accelerated in February for the first time in six months, led by higher prices for food and alcohol, while house price inflation was the weakest in nearly six years at the start of the year. The consumer price index rose 1.9 percent year-on-year following a 1.8 percent increase in January, preliminary data from the Office for National Statistics showed.

Estonia's producer price inflation rose in February, data from Statistics Estonia showed on Wednesday. The producer price index rose 0.6 percent year-on-year in February, following a 0.3 percent rise in January. Data showed that prices in electricity, gas, steam and air conditioning supply gained...

UK consumer price inflation unexpectedly accelerated in February for the first time in six months, preliminary data from the Office for National Statistics showed on Wednesday. The consumer price index rose 1.9 percent year-on-year following a 1.8 percent increase in January. Economists had expected...

Germany's producer price inflation was unchanged in February, defying expectations for an acceleration, after slowing in the previous two months, preliminary figures from the Federal Statistical Office showed on Wednesday. The producer price index rose 2.6 percent year-on-year, same as in January....

Portugal's producer price inflation eased for the fourth consecutive month in February, figures from Statistics Portugal showed on Tuesday. The producer price index rose 1.0 percent year-on-year in February, slower than a 1.3 percent increase in January. In December, the price growth was 2.7 percent....

Italy's trade surplus rose in January with rise in exports, the statistical office Istat reported on Tuesday. The seasonally adjusted trade surplus rose to EUR 322 million in January from a deficit of EUR 91 million in the corresponding month of the previous year. Exports rose a seasonally adjusted...

Hong Kong's unemployment rate held steady for a tenth straight month during the December to February period, data from the Census and Statistics Department showed on Tuesday. The jobless rate remained stable at 2.8 percent during the period of December to February, in line with the economists expectation....

Eurozone construction output fell in January after rising in the previous two months, reflecting declines in both building and civil engineering segments, data from the statistical office Eurostat showed on Tuesday. Construction output declined a calendar and seasonally adjusted 1.4 percent month-on-month...

Switzerland's exports rose the most in four months in February, while imports decreased steeply, data from the Federal Customs Administration showed on Tuesday. Exports grew a real 1.3 percent month-on-month in February, after a 0.9 percent rise in January. That was the biggest increase since a 6.7...

Follow RTT