Bulgaria's consumer price inflation accelerated slightly less than estimated in May to the highest level in more than two-and-a-half years. The consumer price index, or CPI, climbed 6.9 percent year-over-year in May, faster than the 6.8 percent rise in April. The rise in inflation was largely driven by a 21.6 percent jump in transportation costs.
Slovakia's consumer price inflation softened slightly in May. Consumer prices rose 3.8 percent annually in May, following a 3.9 percent increase in April. Inflation based on food and non-alcoholic beverages eased to 0.3 percent from 1.0 percent. On the other hand, transport inflation was 9.4 percent, which was the highest growth in three-and-a-half years.
Switzerland's producer and import prices decreased for the first time in three months in May. The producer and import price index posted a monthly decrease of 0.4 percent in May, reversing a 0.8 percent increase in April. The falling trend in May was mainly driven by lower costs for pharmaceutical products, petroleum and natural gas, and electricity.
Poland's consumer price inflation eased slightly in May from a 10-month high in the previous month as estimated earlier. The consumer price index climbed 3.1 percent year-over-year in May, slower than the 3.2 percent increase in April. The overall inflation in May was largely driven by a 5.6 percent growth in transport charges and a 5.0 percent spike in housing and utility costs.
Turkey's industrial production rebounded sharply in April on the back of a strong manufacturing sector. Industrial output advanced 6.0 percent yearly in April, reversing a 1.1 percent fall in March. Among sectors, manufacturing output recovered 6.8 percent from last year, while the decline in mining and production eased to 2.8 percent from 6.8 percent.
UK house prices posted their worst June performance in 14 years as competition to attract buyers remained fierce among sellers, the property website Rightmove said Monday. Average property prices declined 0.6 percent from May, which was the biggest June fall in fourteen years. This followed a 1.2 percent rise in May. On a yearly basis, house prices dropped 0.5 percent.
Consumers in Switzerland remained slightly more negative in May. The consumer sentiment index dropped to -38.1 in April from -36.1 in the corresponding month last year. The score was expected to remain stable at -38. The sub-index measuring expected economic development worsened to -45.9 from -42.9, and the index for personal financial outlook dropped to -33.8 from -30.3.
Norway's foreign trade surplus increased sharply in May from a year ago as exports grew faster than imports. The trade surplus rose to NOK 62.6 billion in May from NOK 44.1 billion in the same month last year. Meanwhile, the surplus decreased from NOK 83.6 billion in April. Exports surged 15.2 percent annually in May, while imports were 2.6 percent higher.
The euro area trade balance shifted to a deficit in April due to the surge in imports, according to official data released Monday. The trade balance showed a shortfall of EUR 1.0 billion compared to a surplus of EUR 4.9 billion in March. In the same period last year, the trade surplus totalled EUR 8.7 billion.
Eurozone industrial production logged a marginal expansion in April, with consumer and intermediate goods offsetting declines in capital and energy sectors, official data showed Monday. Industrial output rose 0.1 percent from March, when production advanced 0.4 percent, Eurostat reported. Output was expected to climb 0.2 percent. Nonetheless, this was the third consecutive rise in production.
Italy's foreign trade surplus increased in April from a year ago as exports grew faster than imports. The trade surplus rose to EUR 4.3 billion in April from EUR 2.5 billion in the corresponding month last year. Exports climbed 8.8 percent annually in April, and imports were 5.5 percent higher. The export growth was sustained and involved most sectors, with the exception of pharmaceuticals.
Finland's consumer price inflation accelerated in May to the highest level in more than two years, driven primarily by higher transport charges amid rising fuel prices. The consumer price index rose 2.1 percent year-over-year in May, faster than the 1.5 percent increase in April. Further, this was the highest inflation rate since March 2024, when prices climbed 2.2 percent.
Germany's wholesale price inflation eased in May largely due to the reduction in the energy tax on mineral oil products, data from Destatis showed Monday. Wholesale prices increased 5.9 percent year-on-year in May after rising 6.3 percent in April. Destatis said the war in the Middle East pushed...
Industrial production and foreign trade from the euro area and wholesale prices from Germany are due on Monday. At 2.00 am ET, Destatis is slated to issue Germany's wholesale prices for May. Wholesale prices are forecast to grow 0.8 percent on a monthly basis, following a 2.0 percent rise in April.
The U.K. economy contracted for the first time since August last year as the U.S.-Iran war has started to take its toll on business activity, official data showed Friday. Real gross domestic product decreased 0.1 percent in April, in contrast to a 0.3 percent expansion in March, the Office for National Statistics reported. This was the first monthly fall since August 2025.
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.