German Export had highest cut on August

German export declined on August and reached its four months’ lows. As for import, this indicator increased with higher speed. German export reached -1,8%. July’s growth was 0,8%. Economists expected the indicator to decline for 1%.

Industrial production declined in France

Industrial production index has shown a significant decline according to Insee. This indicator declined for 0,9%. Economists expected the indicator to reach 0,2% growth.

UK attempts to avoid recession

UK economy take steps to avoid recession before Brexit. Great Britain’s GDP had 0,3% growth. Economists expected this indicator to have 0,1% growth. The head of the Bank of England forecasts 0,2% growth for the third trimester.

ECB is going to take appropriate measures

The European central Bank’s representatives has agreed to take the appropriate steps in order to provide economic growth. Low inflation level is the key problem currently.