RTTNews - Monday, there were no key statistical reports released from Europe, except purchasing managers index data for the region's manufacturing sector.

Eurozone

Reports said citing data released by the Markit Economics that the manufacturing purchasing mangers index or PMI for the euro area rose to a seven-month high of 40.7 in May from 36.8 in April and from the flash reading of 40.5.

Malta's National Statistics Office announced that the industrial producer price index of the sampled enterprises rose 5.8% year-over-year in March, faster than the 5.4% increase in the previous month.

Rest of Europe

UK house prices remained stable in May for the first time in 20 months, a survey conducted by Hometrack revealed. For the last 20 months, house prices were recording month-on-month declines. After falling 0.3% in April, average house prices stayed at GBP 155,600 in May.

Later in the day, a report from Land Registry showed that house prices in England and Wales dropped 16.2% in April, taking the average house price to GBP 152,898. On a monthly basis, house prices were down 0.3% in April versus a 0.4% fall in March.

David Blanchflower, a former member of the Bank of England's Monetary Policy Committee said in an interview to BBC radio that UK's jobless claims might increase around 100,000 a month for the next year or so.

The CIPS/Markit manufacturing PMI for the UK accelerated to 45.4 in May from the previous month's 43.1 as the pace of decline in new orders, output and employment eased further, reports said.

UK manufacturers expect the difficult trading conditions to ease later this year and forecast the sector to return to growth in 2010, results of the latest survey from the manufacturers' organization EEF showed.

The Czech Republic's Finance Ministry said the budget deficit widened to CZK 71.41 billion during January to May from CZK 38.3 billion deficit recorded in the previous year.

Macedonia's State Statistical Office announced that the consumer price index increased 0.4% year-over-year in May, compared with a 0.5% fall in the previous month.

The Central Statistical Bureau of Latvia said the value of exports decreased 5% year-over-year in the first quarter.

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