EUR News

Eurozone economic confidence rose to a four-month high in May, driven by marked improvements in sentiment among consumers and managers in the retail trade and construction sectors. The economic sentiment index improved more-than-expected to 104.7 from a revised score of 104.0 in the previous month, survey results from the European Commission showed Monday.

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The European Central Bank raised its euro area growth and inflation forecasts for this year, while retained the outlook for next year.

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Pre-emptive and strongly counter-cyclical actions must be taken against systemic risk in the financial sector, while banking regulation reforms must avoid incentivising excessive risk taking in the non-banking sector, European Central Bank Vice-President Vitor Constancio said Monday.

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Germany's factory orders decreased unexpectedly in April on weak demand from non euro area economies. Gactory orders declined 2 percent in April from March, when they grew by revised 2.6 percent, figures from Destatis revealed Monday. Economists had forecast a 0.3 percent rise for April.

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Belgium's central bank retained the growth forecast for this year, as increased public spending on boosting national security offset the dampening effect of the terrorist attacks.

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Eurozone must hasten with structural reforms as the cost of delaying them further is too high, by hurting labor and productivity that reduces economic potential in the long run, European Central Bank President Mario Draghi said Thursday.

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The euro area current account surplus increased notably in April largely on higher primary income, figures from the European Central Bank showed Friday.

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Belgium's consumer confidence rose for the first time in seven months in June, survey data from the National Bank of Belgium showed Friday.

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Germany's economic confidence strengthened sharply to a 10-month high in June, weathering the risks of a possible 'Brexit', survey results from the Centre for European Economic Research or ZEW, showed Tuesday. The economic sentiment index rose to 19.2 from 6.4 in the previous month, while it was forecast to fall to 4.8 points. This was the highest reading since last August, when the score was 25

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Eurozone consumer confidence deteriorated for the first time in three months in June, defying expectations for stability, preliminary data from the European Commission showed Wednesday.

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