News from Europe

Investors undettered by Putin’s strengthening of Kremlin control

The prospect of President Vladimir Putin staying in the Kremlin until 2036 does not seem to be deterring buyers of Russia's high-yielding sovereign bonds as investors...

Zanardi undergoes third brain surgery after handbike accident

Former Formula One driver and Paralympic champion Alex Zanardi underwent further neurological surgery on Monday after being seriously injured in a handbike accident last month, a hospital...

Werder Bremen avoid relegation on away goals

Four-time Bundesliga winners Werder Bremen, up to a few years ago considered as one of the best teams in Germany, managed so stave off relegation...

180 migrants disembark Ocean Viking ship in Sicily

At least 180 migrants rescued by a humanitarian aid boat in the Mediterranean Sea began to leave the vessel in Porto Empedocle, Sicily late on...

EPA’s Eye in the Sky: Istanbul, Turkey

An aerial view of people sitting in a circle marked by the municipality with social distance, because of the pandemic of the COVID-19 disease caused...

Moderate rebound in German industry orders points to slow recovery

Orders for German industrial goods rose by 10.4% in May, rebounding from their biggest drop since records began in 1991 the previous month, data showed...

Pret A Manger to cut 1,000 plus’ jobs and close 30 stores in the UK

Pret A Manger, the food-to-go chain, has announced plans to cut 1,000 or more jobs and close 30 stores as it wrestles with a precipitous...

Photo Story: The Louvre Museum reopens to public

Visitors wearing protective face masks line up to see Leonardo da Vinci's painting La Gioconda (Mona Lisa), at the Louvre Museum in Paris, France, 06...

UK universities facing possible financial disaster

As many as 13 British universities could face financial disaster from the after-effects of the coronavirus outbreak, affecting one in 20 students in the UK...

Putin’s relative elected leader of Russian political party

One of President Vladimir Putin's relatives has been elected leader of a small Russian political party which he hopes will win seats in the national...

British holidaymakers can only visit 25 of the 74 ‘travel corridor’ countries without restrictions

The Government has been accused of confusing holidaymakers after it emerged only 25 of the 74 destinations on their “travel corridor” list are fully accessible...

UK’s Sunak plans tax cuts to boost COVID recovery

British finance minister Rishi Sunak will try to restart the country's economy by giving homebuyers a tax break and cutting value-added tax for pubs, restaurants...

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Eurostat

  • Volume of retail trade up by 17.8% in euro area

    In May 2020, when Member States began easing the COVID-19 containment measures, the seasonally adjusted volume of retail trade increased by 17.8% in the euro area and by 16.4% in the EU, compared with April 2020, according to estimates from Eurostat, the statistical office of the European Union. In April 2020, the retail trade volume decreased by 12.1% in the euro area and by 11.4% in the EU.

  • EU current account surplus €59.9 bn

    In the first quarter of 2020, when COVID-19 containment measures began to be widely introduced by Member States, the EU seasonally adjusted current account of the balance of payments recorded a surplus of €59.9 billion (1.8% of GDP), down from a surplus of €78.6 billion (2.2% of GDP) in the fourth quarter of 2019 and from a surplus of €102.0 billion (3.0% of GDP) in the first quarter of 2019, according to estimates released by Eurostat, the statistical office of the European Union.

  • Household saving rate all time high at 16.9% in the euro area while household investment rate down to 8.7%

    The household saving rate in the euro area was at 16.9% in the first quarter of 2020, when Member States began to widely introduce COVID-19 containment measures in March 2020, compared with 12.7% in the fourth quarter of 2019. This was the highest increase since the beginning of the series in 1999.

  • Business profit share recorded sharpest drop to 37.9% while business investment is slightly down to 25.5% in the euro area

    In the first quarter of 2020, when Member States began to widely introduce COVID-19 containment measures in March 2020, the business profit share dropped to 37.9% in the euro area, compared with 39.6% in the previous quarter. This decline of the business profit share is the highest since the beginning of the series in 1999.

  • Industrial producer prices down by 0.6% in euro area

    In May 2020, a third month still marked by COVID-19 containment measures in most Member States, industrial producer prices fell, compared with April 2020, by 0.6% in the euro area and by 0.5% in the EU, according to estimates from Eurostat, the statistical office of the European Union. In April 2020, prices decreased by 2.0% in the euro area and by 1.9% in the EU.

  • Euro area unemployment at 7.4%

    In May 2020, a third month marked by COVID-19 containment measures in most Member States, the euro area seasonally-adjusted unemployment rate was 7.4%, up from 7.3% in April 2020. The EU unemployment rate was 6.7% in May 2020, up from 6.6% in April 2020. These figures are published by Eurostat, the statistical office of the European Union.

  • Euro area annual inflation up to 0.3%

    In June 2020, a month in which many COVID-19 containment measures have been gradually lifted, Euro area annual inflation is expected to be 0.3%, up from 0.1% in May according to a flash estimate from Eurostat, the statistical office of the European Union.