logo

European Economic News

Share

ecb-102418_22aug19.jpg The European Central Bank policymakers supported the proposal to design a stimulus package for the euro area as growth is likely to be weaker than earlier forecast, minutes of the July 24-25 Governing Council meeting showed on Thursday.

eurozonepmi-0822.jpg The euro area private sector growth improved unexpectedly in August from a three month-low, but the overall pace of expansion remained subdued amid Germany facing a risk of recession, a closely watched survey showed Thursday. The IHS Markit flash composite output index rose unexpectedly to 51.8 in August from 51.5 in July. Economists had forecast a score of 51.2.

Ireland's wholesale prices fell at a slower rate in July, data from the Central Statistics Office showed on Thursday. The wholesale price index fell 5.9 percent year-on-year in July, after a 6.8 percent decline in June. In May, prices decreased 6.3 percent. On a month-on-month basis, wholesale...

Poland's retail sales rose at a slower-than-expected rate in July, figures from Statistics Poland showed on Thursday. Retail sales climbed 5.7 percent year-on-year in July, after a 7.1 percent increase in the same period last year. Economists had expected a 7.8 percent rise. Sales of furniture,...

British retailers reported the sharpest decline in sales volumes and orders since 2008, the Distributive Trades Survey from the Confederation of British Industry showed Thursday. About 10 percent of respondents reported that sales volumes were up on a year ago in August, while 58 percent said they...

Germany's private sector continued to underperform in August as growth in services activity was countered by a marked contraction in manufacturing, flash survey data from IHS Markit showed Thursday. The flash composite output index rose to 51.4 in August from 50.9 in July. The reading signaled one...

Turkey's consumer confidence rose to the highest level in four months in August, figures from the Turkish Statistical Institute showed on Thursday. The consumer confidence index rose to 58.3 in August from 56.5 in July. The index reflecting financial expectations of households in the next 12...

France's private sector rose at the fastest pace in two months in August, the flash survey data from IHS Markit showed on Thursday. The composite output index rose to 52.7 in August from 51.9 in July, results of the monthly Purchasing Managers' survey showed. Economists had forecast a score of 51.8....

The euro area private sector grew at a moderate pace in August, flash survey data from IHS Markit showed Thursday. The composite output index rose unexpectedly to 51.8 in August from a 3-month low of 51.5 in July. Economists had forecast a score of 51.2. Nonetheless, the reading was one of the weakest...

Swiss industrial production grew at a faster pace in the second quarter, the Federal Statistical Office reported Thursday. Industrial production advanced 4.8 percent year-on-year in the second quarter, following a 4.5 percent rise a quarter ago. This was the fastest annual increase in a year. Data...

Denmark's consumer confidence strengthened to a 11-month high in August, survey data from Statistics Denmark showed on Thursday. The consumer confidence index rose sharply to 6.3 in August from 2.9 in July. This was the highest reading since September 2018. The index measuring consumer's view regarding...

preview-aug22.jpg Flash Purchasing Managers' survey data from euro area is due on Thursday, headlining a light day for the European economic news. At 2.30 am ET, the Federal Statistical Office is scheduled to publish Swiss industrial output figures for the second quarter. At 3.15 am ET, IHS Markit releases France's composite PMI results. Economists forecast the composite PMI to remain unchanged at 51.9 in August.

us-chinese-flags-080318_21aug19.jpg The International Monetary Fund cautioned that monetary policy easing are unlikely to lead to currency devaluations that are adequate enough to cause a sustained improvement in a country's trade balance. Trade wars and currency devaluation concerns are set to be intensively discussed later this week when global central bankers will gather in Jackson Hole, Wyoming.

Spanish merchandise exports rose 0.9 percent year-on-year in June, mainly due to increased demand from the European Union, customs data from the Ministry of Finance revealed Wednesday. Exports to the EU climbed 1.7 percent, while those to the countries outside the bloc declined 0.7 percent. Among...

Belgium's consumer confidence dropped sharply in August after a modest improvement in the previous month, as households' economic expectations weakened, survey data from the National Bank of Belgium showed on Wednesday. The consumer confidence index dropped to -9 from -6 in July. The latest reading...

Follow RTT