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.
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.