The French economic growth improved as initially estimated in the three months ended March, latest figures from the statistical office Istat showed Friday.
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German consumer confidence is set to improve in July as their spirits are yet to be affected by discussions surrounding the impact of Brexit on the largest euro area economy. Consumer prices rose at the fastest pace in three months in June, as expected by economists, preliminary estimate from Destatis revealed Wednesday.
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Germany's factory orders remained unchanged in May, despite an increase in demand from euro area economies. Factory orders stayed flat from April, when they fell by a revised 1.9 percent, the biggest decrease since July 2015, provisional data from Destatis showed Wednesday.
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Policymakers described the "Brexit" referendum as a major source of uncertainty for the euro area economic outlook and warned that the impact from a decision by the U.K. to leave the European Union would be significant, the minutes of the June 1-2 European Central Bank rate-setting session showed Thursday.
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While the the U.K. decision to exit the European Union, dubbed the "Brexit" is a serious event with significant impact, such an incident will not be repeated, European Council President Donald Tusk said Friday.
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Consumer confidence in the 27 European Union countries decreased sharply in July after the "Brexit" vote late last month, while the indicator for the euro area eased moderately, preliminary data from the European Commission showed Wednesday.
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