EUR News

Germany's private sector expanded at the slowest pace in eight months in June, flash survey data from Markit Economics revealed Monday.

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The French private sector contracted further in June, reflecting weakness in new orders and employment, flash survey data from Markit Economics showed Monday.

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European Central Bank President Mario Draghi said on Thursday that euro area interest rates are set to remain low amid low inflation and as the liquidity measures announced last month are expected to boost lending to the real economy.

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Eurozone industrial production declined in May for the second time this year, denting hopes that economic recovery continued into the second quarter. Industrial production fell 1.1 percent month-on-month in May, the biggest drop since September 2012, and reversed the 0.7 percent rise in April, estimates published by Eurostat showed Monday. This was also the second monthly decline so far this year.

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Italy's industrial orders declined in May after two consecutive months of rise, dragged by a decline in international orders, a report from the statistical office Istat showed Monday.

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Germany's leading index, which measures perceptions on future economic activity, rose for the second straight month in May, survey figures from Conference Board showed Tuesday.

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Euro area consumer confidence deteriorated for a second straight month in July, preliminary data from the European Commission showed Wednesday.

The flash consumer confidence index for Eurozone fell to -8.4 from -7.5 in June. Economists had forecast the score remain unchanged.

The confidence index for the EU declined by 1.2 points to -5.5.

The final figures will be released along with the economic sentiment data on July 30

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German consumer confidence and business climate data along with preliminary second quarter U.K. GDP data are among the important economic releases scheduled for Friday.

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German business confidence eased for the third successive month to its lowest level since October, amid rising concerns over the impact of the worsening conflicts in Ukraine and the Middle East on the largest Eurozone economy. The Business Climate Index for industry and trade fell to 108.0 points in July from 109.7 in June, the results of a survey by the Munich-based Ifo Institute showed Friday.

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Commercial vehicle registrations in the European Union rose for the tenth consecutive month in June, a report from the European Automobile Manufacturers Association, or ACEA, showed Tuesday.

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