EUR News

German investor confidence improved strongly in September, suggesting robust economic activity despite political and economic risks such as the recent troubles of the banking sector, results of a key survey showed Tuesday.

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Serious concerns over the sustainability of Greece's public debt and the return of confidence on the economy is still gradual, European Central Bank Executive Board member Benoit Coeure said Wednesday.

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Eurozone industrial production recovered in August as output grew in major factory sectors except non-durable consumer goods, boosting hopes of positive contribution to GDP growth. Industrial production expanded 1.6 percent in August from July, when it fell by a revised 0.7 percent, data from Eurostat showed Thursday. Output was forecast to grow 1.5 percent.

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European Central Bank President Mario Draghi ruled out any discussion of 'tapering' among policymakers in the latest rate-setting session, but added that it was unlikely that asset purchases would have an abrupt end, signaling that they may be extended beyond March 2017.

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Eurozone consumer confidence improved for a second straight month in October to its highest level in three months, preliminary data from European Commission showed Friday.

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Belgium's business confidence improved again and topped expectations in October, due to better morale in the trade, construction and business services sectors, a survey by the National Bank of Belgium showed Friday.

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Eurozone general government deficit narrowed and the public debt declined for a second straight quarter in the three months to June, data from Eurostat showed Monday.

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Eurozone private sector expanded at the fastest pace thus far this year, led by a strong rebound in Germany, while the pace of growth eased in France. The Composite Output Index, which combines manufacturing and services, rose to 53.7 from 52.6 in September, preliminary results of the purchasing managers' survey by IHS Markit showed Monday.

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German business confidence improved to a 30-month high in October reflecting the upturn gathering impetus in the economy, survey data from the Ifo Institute showed Tuesday. The Ifo business confidence index climbed to 110.5 in October from 109.5 in the previous month, while economists had forecast the index to rise slightly to 109.6.

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Germany's import prices decreased at a slower-than-expected pace in September, after rebounding in the previous month, figures from Destatis showed Wednesday.

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