July 12, 2024 1:27 pm
Wholesale prices in Germany have decreased at an annualized rate of 0.6% in June, data by the Federal Statistical Office showed. The latter has been a slowdown from a 0.7% drop in May. June marked the 14th consecutive month of decreasing producer prices, but the pace has been the softest in the sequence. Last month, […]
Read moreJuly 11, 2024 10:47 am
Gold production in South Africa was reported to have contracted 9% year-on-year in May, or at a much faster rate compared to the prior month (-1.7% YoY). May has been the seventh straight month of output decline, while the pace has been the sharpest since January. That performance contributed negatively to the volume of mining […]
Read moreJuly 11, 2024 8:04 am
The South Korean Won was a notch firmer against the US Dollar on Thursday, after the Bank of Korea left its base rate without change at a 15-year high of 3.5% at its July policy meeting. This way, borrowing costs were kept on hold for the twelfth consecutive meeting, as policy makers required more time […]
Read moreJuly 10, 2024 10:36 am
The Norwegian Krone weakened more than 1% against the Euro on Wednesday, after data showed Norway’s CPI inflation rate had eased to its lowest since December 2020 in June. Norway’s annual consumer price inflation has decelerated to 2.6% in June from 3% in May, the latest data by Statistics Norway showed. In June, inflation slowed […]
Read moreJuly 9, 2024 1:51 pm
Machine tool orders in Japan have increased at a much faster rate in June compared to the previous month, data by the Japan Machine Tool Builders’ Association showed. Orders rose 9.7% year-on-year to JPY 133,817 million in June, following a 4.2% growth in May. June’s performance was mostly driven by a 14.6% surge in foreign […]
Read moreJuly 9, 2024 6:45 am
Consumer inflation expectations in the US for the upcoming 12 months have decreased for a second straight month in June, to 3% from 3.2% in May, the latest data by the Federal Reserve Bank of New York showed. US consumers now expect a lesser increase in prices for: – gas – down 0.5 percentage point […]
Read moreJuly 8, 2024 11:09 am
Foreign exchange reserves in Singapore have risen to a new more than two-year high in June, the latest data by the Monetary Authority of Singapore showed. Foreign exchange reserves grew to SGD 503.71 billion in June from SGD 500.86 billion in May. It has been the highest level of Forex reserves since April 2022. The […]
Read moreJuly 8, 2024 8:45 am
The total value of new home loans for owner-occupied homes in Australia unexpectedly shrank in May, by 2% month-over-month to AUD 18.13 billion, following a revised up 4.5% increase in April. In comparison, market consensus had pointed to a 2% growth in new home loans. In May, construction of dwellings contracted 0.7% after a 6% […]
Read moreJuly 7, 2024 3:04 pm
Manufacturing production in Norway was reported to have increased at a monthly rate of 1.3% in May, while rebounding from a revised down 5.5% drop in April. Production rebounded for most components: – textiles, wearing apparel & leather (8.4% in May after a 15.4% drop in April); – printing & reproduction (1.3% in May after […]
Read moreJuly 7, 2024 11:23 am
Sweden’s economy grew at a monthly rate of 0.1% in May, after contracting 0.7% in April, data by Statistics Sweden showed. Yet, the nation’s “economic activity remained lower than in the first quarter. Household consumption expenditure continued to weaken while lower imports concerning goods held up GDP,” Mattias Kain Wyatt, economist at Statistics Sweden, said […]
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