July 21, 2024 7:58 am
Spain’s trade balance deficit has narrowed to EUR 2.3 billion in May, data showed, from EUR 3.1 billion in May 2023. Total exports went up 2.3% year-on-year to EUR 34.7 billion in May, driven by higher sales of energy products (up 35.9%), raw materials (up 13.1%) and food, beverages & tobacco (up 9.1%). Total imports […]
Read moreJuly 20, 2024 12:22 pm
Retail sales in the United Kingdom shrank 1.2% month-over-month in June, after a 2.9% surge in May, pressured by election uncertainty and poor weather. June’s drop was much steeper than market consensus of a 0.4% decrease. Sales at non-food stores (department stores, clothing and footwear stores, furniture stores) dropped at a monthly rate of 2.1% […]
Read moreJuly 20, 2024 10:23 am
Italy’s current account surplus has increased to EUR 2.078 billion in May, data showed, from EUR 0.999 billion in May 2023. The nation’s goods surplus expanded to EUR 6.814 billion in May from EUR 5.313 billion a year earlier. Italy’s services deficit narrowed to EUR 0.076 billion in May from EUR 0.634 billion a year […]
Read moreJuly 20, 2024 7:48 am
Manufacturing activity in Philadelphia has accelerated strongly in July, the latest data showed. The Philadelphia Fed Manufacturing Index was reported at a reading of 13.9 in July, up from 1.3 in June. In comparison, market consensus had pointed to a reading of 2.9. In July, the gauge of shipments improved to 27.8 from -7.2 in […]
Read moreJuly 18, 2024 8:08 am
Switzerland reported a trade surplus in the amount of CHF 4.9 billion in June, compared to a revised up CHF 4.2 billion surplus in May. It has been the biggest trade surplus since September 2023. The nation’s total exports went up 1.2% month-over-month to CHF 23.3 billion, mostly because of higher shipments of vehicles (up […]
Read moreJuly 17, 2024 11:43 am
South Africa’s retail sales were reported to have risen at an annualized rate of 0.8% in May, following a revised up 0.7% growth in April. In May, sales rose at a faster rate at general dealers (1.7% YoY compared to 0.4% YoY in April). Meanwhile, sales rebounded for food, beverages & tobacco (4.4% YoY after […]
Read moreJuly 17, 2024 9:14 am
The annual CPI inflation rate in the Euro Area was confirmed at 2.5% in June, while easing from 2.6% in May. A year earlier, CPI inflation stood at 5.5%. In June, inflation eased for energy (0.2% YoY versus 0.3% YoY in May) and for food, alcohol and tobacco (2.4% YoY versus 2.6% YoY in May). […]
Read moreJuly 17, 2024 6:54 am
Singapore’s non-oil domestic exports were reported to have dropped 8.7% year-on-year in June, while marking the fifth straight month of decline. The data followed a revised 0.7% contraction in May. A consensus of analyst estimates had pointed to a much slower drop, by 1.2% YoY. In June, shipments of electronic products shrank 9.5% YoY, following […]
Read moreJuly 15, 2024 10:41 am
Industrial production in the Euro Area was reported to have shrunk 0.6% month-over-month in May, following a flat reading in April. In comparison, market consensus had pointed to a 1% contraction. In May, output dropped for intermediate goods (-1% versus -0.3% in April), capital goods (-1.2% versus a 0.7% rise in April) and durable consumer […]
Read moreJuly 15, 2024 7:53 am
The US Dollar was broadly stronger against major peers on Monday, as bets on a victory by Donald Trump in the coming US elections increased following an assassination attempt against the former US President. The USD/CHF currency pair was last up 0.10% on the day to trade at 0.8954. The major Forex pair had earlier […]
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