August 29, 2024 9:29 am
Retail sales in Norway have increased 1.2% in July over June, the latest data by Statistics Norway showed. The latter followed a 5.1% slump in June and topped market consensus of a 0.9% surge. In July, sales rebounded for: – non-specialized stores (1.5% after a 6.4% slump in June); – food and beverages (1.3% after […]
Read moreAugust 26, 2024 1:04 pm
The seasonally adjusted unemployment rate in Norway has decreased to 3.9% in July from 4.1% in June, data by Statistics Norway showed. It has been the lowest jobless rate since February. The number of unemployed individuals dropped by 5,000 from a month ago to 118,000 in July. At the same time, the number of employed […]
Read moreAugust 26, 2024 9:10 am
The USD/CHF currency pair plunged to a fresh three-week low of 0.8456 on Monday, after Federal Reserve Chair Jerome Powell solidified market expectations of a rate cut in September. In a speech at the Jackson Hole symposium last week, the Fed Chair signaled the central bank was ready to adjust monetary policy, as the timing […]
Read moreAugust 25, 2024 11:48 am
Annual consumer inflation in Singapore has remained stable at 2.4% in July, data by Statistics Singapore showed. It has been the lowest inflation level since August 2021. The actual figure compares with market consensus of 2.5%. Food inflation has been the lowest in more than 2 years in July, at 2.7%, while easing from 2.8% […]
Read moreAugust 24, 2024 2:21 pm
France’s business confidence has improved in August, the latest data by INSEE showed. The gauge of business morale came in at a reading of 98.8 in August, while rebounding from a 3 1/2-year low of 95.4 in July. Still, the indicator remained below its long-term average level of 100.0. In August, businesses were less pessimistic […]
Read moreAugust 24, 2024 11:55 am
The general public’s domestic loan debt in Norway has grown at an annualized rate of 3.7% to NOK 7.41 billion at the end of July, data by Statistics Norway showed. It has been the fastest domestic loan debt growth since December 2023 and followed a 3.6% YoY increase in June. Municipal government loan debt increased […]
Read moreAugust 23, 2024 11:01 am
The rate of unemployment in Sweden was reported at 7.7% in July, up from 6.2% in the same month of the preceding year. The number of unemployed persons went up by 88,000 from July 2023 to 454,000, data by Statistics Sweden showed. In the meantime, the number of employed individuals dropped by 5,000 to 5.444 […]
Read moreAugust 23, 2024 9:17 am
Retail sales in New Zealand were reported to have decreased at a quarterly pace of 1.2% in Q2 of 2024, after a revised down 0.5% rise in the first quarter. Market consensus had pointed to a 1% quarter-on-quarter decline. The Q2 sales drop extended the downward trend observed over the past eight quarters. In Q2, […]
Read moreAugust 21, 2024 1:42 pm
Annual consumer price inflation in South Africa has eased to 4.6% in July from 5.1% in June, data by Statistics South Africa showed. It has been the lowest inflation rate in three years and it further approached the South African Reserve Bank’s target of 4.5%. Last month, inflation eased for: – food and non-alcoholic beverages […]
Read moreAugust 21, 2024 9:58 am
Japan’s trade deficit has widened to JPY 621.84 billion in July, data showed, from JPY 61.33 billion in July of 2023. In comparison, market consensus had pointed to a shortfall of JPY 330.7 billion. Total imports went up 16.6% year-on-year to a 19-month high of JPY 10,241,008 billion in July. At the same time, Japan’s […]
Read more