European Economic News

Germany's construction sector continued to contract in May, largely due to a further plunge in housing activity amid weaker demand conditions, survey results published by S&P Global showed on Tuesday. The HCOB construction Purchasing Managers' Index climbed to 43.9 in May from 42.0 in the previous...

Romania's producer price inflation slowed for an eighth month in a row to reach its lowest level in two years, data from the National Institute of Statistics showed on Tuesday. The producer price index increased 11.6 percent year-on-year in April, after a 13.6 percent growth in March. The latest...

Euro area retail sales remained unchanged in April after falling in the previous two months, preliminary data from Eurostat showed Tuesday. Retail sales was unchanged from March, when they fell 0.4 percent from the previous month, which was revised from a 1.2 percent decrease. Economists were looking for a 0.2 percent growth.

The Netherlands' consumer price inflation accelerated for the second straight month in May, as initially estimated, the latest data from the Central Bureau of Statistics showed Tuesday. The consumer price index rose 6.1 percent year-over-year in May, faster than the 5.2 percent increase in April....

Ireland's service sector continued to expand strongly in May amid a sustained rise in new business and activity, survey data from S&P Global showed Tuesday. The AIB Services Purchasing Managers' Index dropped to 57.0 in May from 58.4 in April. However, a score above 50 indicates expansion in the sector. Among...

Germany's manufacturing orders decreased further in April, but the fall was less severe than expected, led by decline in the manufacture for machinery and equipment and a massive slump in demand for vehicles such as ships and aircraft, preliminary data from the statistical office Destatis showed Tuesday.

Euro area investor confidence dropped sharply in June, led by the "problem-child" Germany that already entered a technical recession in the first quarter, as fears of a severe economic downturn intensified, results of the latest survey by the behavioral research institute Sentix showed Monday.

Eurozone producer price inflation eased further in April to the lowest level in more than two years amid a sharp fall in energy prices, data from Eurostat showed on Monday. The producer price index rose 1.0 percent year-over-year in April, much slower than the 5.5 percent increase in March. Economists...

Switzerland's consumer price inflation eased as expected in May to the lowest level in more than a year amid a slowdown in prices for a broad number of categories, the Federal Statistical Office reported Monday. The consumer price index, or CPI, climbed 2.2 percent year-over-year in May, slower than...

The UK service sector continued to expand at a solid pace in May amid robust rises in output and new business despite mounting inflationary pressures fueled by higher wage costs, survey data from S&P Global revealed Monday. The final Chartered Institute of Procurement & Supply services Purchasing Managers' Index dropped to 55.2 in May from 55.9 in April.

Germany's merchandise exports grew unexpectedly in April led by strong demand from China amid the post-pandemic re-opening, but the rebound was not strong enough to ward off the worries surrounding the biggest euro area economy that slid into a technical recession in the first quarter in the backdrop of persistently high inflation.

Russia's service sector activity continued to expand strongly in May, underpinned by a sustained rise in new orders, survey results from S&P Global showed on Monday. The Services Purchasing Managers' Index, or PMI, dropped to 54.3 in May from 55.9 in the previous month. However, any reading above...

Ireland's economy contracted more than initially estimated in the first quarter of 2023, driven by weaker performance in the multi-national-dominated industry sector, latest figures from the statistical office CSO showed on Friday. Gross domestic product fell a seasonally adjusted 4.6 percent sequentially in the March quarter.

Slovenia trade balance registered a deficit in April as imports and exports value went down, yet the values were the second highest in the past decade, figures from the statistical office showed on Friday. Exports fell 5.8 percent year-on-year in April and imports dropped 12.6 percent. Shipments...

Spain's unemployment declined notably in May to the lowest level for the month since 2008, data from the labor ministry showed Friday. The number of registered unemployed decreased 49,260, or 1.77 percent from the previous month. The expected fall was 40,100. Registered unemployment totaled 2.739...