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germanyflag-aug27_23may19.jpg German business confidence eroded to the lowest level in over four years in May amid rising concerns over global trade tensions, thus shrugging off the positive impact of the modest economic growth in the first quarter, and damping hopes of a recovery in the biggest euro area economy in the near term.

European Central Bank policymakers acknowledged that they were less confident regarding a return of solid growth in the euro area in the second half of the year, minutes of the April 9-10 policy session showed on Thursday. While the more protracted "soft patch" suggested by the latest data remained...

Switzerland's industrial production grew at a steady pace in the first quarter, provisional data from the Federal Statistical Office showed Thursday. In the first quarter, industrial output grew 4.3 percent from the previous year, the same rate as seen in the fourth quarter. Production advanced 4.2...

eurozonepmi-may23.jpg Eurozone private sector growth remained subdued in May as manufacturing contracted further, survey data from IHS Markit showed Thursday. The composite output index rose marginally to 51.6 in May from 51.5 in April. The score was forecast to rise to 51.7. A reading above 50 indicates expansion.

Latvia's producer price inflation slowed for the fourth straight month in April, figures from the Central Statistical Bureau showed on Thursday. The consumer price index climbed 3.8 percent year-on-year in April, following a 4.1 percent rise in March. In December, prices rose 5.4 percent. Among...

Poland retail sales grew at a faster-than-expected rate in April, figures from Statistics Poland showed on Thursday. Retail sales rose 11.9 percent year-on-year in April, compared to a 4.0 percent increase in April 2018. Economists had expected a 10.0 percent gain. Other retail sales in non-specialized...

France's private sector activity expanded at the fastest pace in six months in May, flash survey data from IHS Markit showed Thursday. Another monthly survey from the statistical office Insee showed that manufacturing confidence also improved to a 6-month high in May. The flash composite output...

Germany's business confidence weakened for a second straight month and at a faster-than-expected pace in May, survey results from the Ifo Institute showed Thursday. The Ifo business confidence index fell to 97.9 from 99.2 in April. Economists had forecast a score of 99.1. The current assessment...

The euro area private sector expanded in May but the pace of growth remained subdued, survey data from IHS Markit showed Thursday. The composite output index rose marginally to 51.6 in May from 51.5 in April. The score was forecast to rise to 51.7. A score above 50 indicates expansion. However,...

Finland's jobless rate rose in April after easing in the previous month, data from Statistics Finland showed on Thursday. The jobless rate for the 15 to 74 age group rose to 8.0 percent in April from 7.0 percent in March. In the corresponding month last year, the unemployment rate was 8.6 percent. ...

Germany's private sector expanded at a moderate pace in May, survey data from IHS Markit showed Thursday. The composite output index rose unexpectedly to a 3-month high 52.4 in May from 52.2 in April. Economists had forecast a reading of 52.0 for May. A reading above 50 indicates expansion in the...

Norway's unemployment rate dropped in March, labor force survey from Statistics Norway showed Thursday. The jobless rate fell to a seasonally adjusted 3.5 percent in March from 3.7 percent in December. The expected rate was 3.7 percent. The rate for March indicates average for February to April...

Germany's economy expanded as initially estimated in the first quarter on investment and household spending, detailed results from Destatis showed Thursday. Gross domestic product advanced 0.4 percent sequentially in the first quarter, after staying flat in the fourth quarter and contracting 0.2 percent...

preview-may23.jpg Revised quarterly national accounts, flash purchasing managers' survey results and Ifo business confidence are due from Germany, headlining a busy day for the European economic news. At 2.00 am ET, Destatis is slated to issue Germany's GDP data. GDP is forecast to grow 0.4 percent sequentially in the first quarter, the same pace as initially estimated.

iceland-central-bank-110718_22may19.jpg Iceland's central bank slashed its key interest rate and the economic growth forecast for this year on Wednesday, citing weaker tourism business and a fall in marine product exports. The Monetary Policy Committee, or MPC, decided to lower the rate on seven-day term deposits by 0.5 percentage points to 4 percent, the Central Bank of Iceland or Sedlabanki said.

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