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Singapore’s retail sales rise 2.2% in May

July 6, 2024 1:14 pm
Singapore’s retail sales were reported to have increased at an annualized rate of 2.2% in May, while rebounding from a 1.2% drop in April. In May, sales rebounded for cosmetics, toiletries & medical goods (3.1% YoY after a 4.6% YoY slump in April), furniture & household equipment (1.2% YoY after a 2.4% YoY drop in […] Read more

South Africa’s Forex reserves at $62.1 billion in June

July 6, 2024 7:27 am
Foreign exchange reserves in South Africa expanded to $62.100 billion in June from $62.087 billion in May, data by the South African Reserve Bank showed. It has been the highest level of foreign exchange reserves since March. The nation’s foreign currency reserves grew to $46.46 billion in June from $46.42 billion in May. Special Drawing […] Read more

Switzerland’s CPI inflation eases to 1.3% in June

July 4, 2024 10:40 am
Annual consumer price inflation in Switzerland has eased to 1.3% in June from a four-month high of 1.4% in May, the latest data by the Swiss Federal Statistical Office showed. In June, prices continued to fall for clothing & footwear (-2% YoY versus -1.1% YoY in May) and for household goods & services (-2.5% YoY […] Read more

Sweden’s services sector expands for 1st time since March

July 3, 2024 10:40 am
Sweden’s services sector has returned to growth in June, the latest data by Swedbank showed. The Services Purchasing Managers’ Index was reported at a reading of 51.8 in June, up from a revised up 49.8 in May. The sub-indexes of new orders (52.5 versus 50.5 in May) and delivery times (54.1 versus 49.8 in May) […] Read more

Euro Area CPI inflation eases to 2.5% in June

July 2, 2024 10:46 am
Annual consumer price inflation in the Euro Area has decelerated to 2.5% in June from 2.6% in May, in line with market consensus, preliminary data by Eurostat showed on Tuesday. Prices rose at a slower rate for food, alcohol and tobacco (2.5% YoY compared to 2.6% YoY in May) and for energy (0.2% YoY compared […] Read more

South Korea’s CPI inflation at 11-month low in June

July 2, 2024 7:43 am
Annual consumer price inflation in South Korea has eased further, to 2.4% in June, from 2.7% in May, the latest data by Statistics Korea showed. It has been the lowest CPI inflation rate since July 2023. In comparison, market consensus had pointed to a reading of 2.7%. In June, prices increased at a slower rate […] Read more

France’s CPI inflation lowest since August 2021

June 30, 2024 4:52 pm
Annual consumer price inflation in France has decelerated to 2.1% in June from 2.3% in May, a preliminary figure showed on Friday. It has been the lowest inflation rate since August 2021. In June, prices increased at a slower rate for food (0.8% YoY versus 1.3% YoY in May) and energy (4.8% YoY versus 5.7% […] Read more

South Africa private sector credit expands 4.3% YoY in May

June 30, 2024 12:15 pm
South Africa’s private sector credit expanded at an annualized rate of 4.26% in May, following another 3.9% increase in April, data by the South African Reserve Bank showed. May has marked the 35th straight month of private sector credit growth. The broadly defined M3 measure of money supply expanded 4.72% year-on-year in May, while easing […] Read more

Sweden posts SEK 11.9 billion trade surplus in May

June 29, 2024 3:47 pm
Sweden reported a trade surplus of SEK 11.9 billion in May, which compares with a surplus of SEK 0.9 billion in the same month of 2023. It has been the largest trade surplus since January. The nation’s total exports surged 4% year-on-year to SEK 186.7 billion in May, data by Statistics Sweden showed. The latter […] Read more

Singapore’s producer prices rise the most since January 2023

June 29, 2024 12:16 pm
Producer prices in Singapore went up 2.6% year-on-year in May, the latest data by Statistics Singapore showed. That followed a revised 2% increase in April. It has been the sharpest year-on-year increase in domestic supply prices since January 2023. In May, prices rose at a faster rate for food & live animals (2.1% YoY versus […] Read more