EUR News

The European Central Bank will continue acting in a forceful manner against risks of low inflation in the euro area, ECB Executive Board member Peter Praet said Monday.

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Germany's construction activity grew sharply March, although at the weakest pace in three months, survey figures from Markit Economics showed Wednesday.

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European Central Bank policymakers discussed the possibility of a sharper interest rate cut in March though they decided that a smaller one was appropriate for now as they saw the scope for further reductions if the inflation outlook worsens, the minutes of the Governing Council rate-setting meeting on March 9-10 released Thursday showed.

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Eurozone industrial production declined more than expected in February on a widespread weakness across sub-sectors, data from Eurostat revealed Wednesday. Industrial production fell 0.8 percent in February from January, when it grew by revised 1.9 percent. Economists had forecast a 0.7 percent drop. Output for January was revised down from 2.1 percent.

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Euro area trade surplus decreased more-than-expected in February, figures from the Eurostat showed Friday.

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The German economy grew strongly in the first quarter but it is likely to lose momentum in the second quarter, Bundesbank said in its monthly report on Monday.

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Eurozone private sector activity remained sluggish at the start of the second quarter with the pace of expansion easing unexpectedly in April, as manufacturing growth failed to gain momentum and services activity improved less-than-expected. The flash Composite Purchasing Managers' Index, or PMI, which combines manufacturing and services, fell to a two-month low of 53 from 53.1 in March.

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Europe's commercial vehicle sales grew for the fifteenth consecutive month in March, the European Automobile Manufacturers Association said Friday.

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German business confidence weakened unexpectedly in April as firms were less satisfied with their current situation, survey results from the Munich-based Ifo Institute showed Monday. The Ifo Business Climate indicator dropped to 106.6 in April, while economists expected the gauge to rise to 107 from March's score of 106.7.

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Latest stimulus measures adopted by the European Central Bank to boost growth and inflation in the euro area must be allowed more time to have an impact, ECB Vice-President Vitor Constancio said Monday.

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