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 moreJune 28, 2024 2:04 pm
Retail sales in Norway grew for a fourth straight month in May, the latest data by Statistics Norway showed. Sales rose 3.2% in May over April, after a revised up 0.2% increase in the prior month. In May, sales rebounded for cultural/recreation goods (up 6.6% after a 4.6% drop in April), other goods (up 7.1% […]
Read moreJune 28, 2024 9:33 am
Industrial output in South Korea was reported to have shrunk at a monthly rate of 1.2% in May, after a revised up 2.4% surge in April. In annual terms, the nation’s industrial production expanded 3.5% in May, after a revised up 6.2% increase in April. May has been the 10th straight month of year-on-year output […]
Read moreJune 28, 2024 7:51 am
The unemployment rate in Japan was reported at 2.6% in May, while remaining stable for the fourth consecutive month and also in line with market consensus. It has been the highest jobless rate since September 2023, data by the Ministry of Internal Affairs & Communications showed. The number of unemployed persons went down by 10,000 […]
Read moreJune 27, 2024 2:07 pm
Annual producer inflation in South Africa has eased to 4.6% in May from a six-month high of 5.1% in April, data by Statistics South Africa showed. In comparison, market consensus had pointed to a lesser slowdown – to 4.8%. In May, inflation slowed for non-metallic mineral products (3.6% YoY versus 6.6% YoY in April) and […]
Read moreJune 27, 2024 8:59 am
The Swedish Krona weakened against the Euro on Thursday, after Riksbank left its benchmark policy rate without change at 3.75% at its June meeting, in line with market consensus. The decision came after in May Riksbank had delivered the first rate cut since 2016. The central bank noted that inflation was approaching the 2% objective, […]
Read moreJune 27, 2024 6:56 am
The seasonally adjusted unemployment rate in Norway was reported to have decreased to 4.1% in May from a 3-month high of 4.3% in April. The number of unemployed individuals dropped by 7,000 from the prior month to 123,000, data by Statistics Norway showed. At the same time, the number of employed individuals decreased by 4,000 […]
Read moreJune 26, 2024 2:13 pm
The investors’ sentiment index for Switzerland was reported to have decreased to a level of 17.5 in May from a 2 1/2-year high of 18.2 in April. According to UBS, which collaborates with the CFA Society Switzerland to publish the data, participants in the survey were mostly concerned about the approaching elections in France and […]
Read moreJune 26, 2024 11:05 am
Singapore’s manufacturing output has increased at an annualized rate of 2.9% in May, while rebounding from a 1.2% drop in April. The latest data exceeded market consensus of a 2% growth. In May, production rebounded for electronics (20.1% YoY after a 1.1% YoY slump in April). In the meantime, output growth picked up for chemicals […]
Read moreJune 24, 2024 1:59 pm
The Ifo Business Climate gauge for Germany surprisingly dropped to a reading of 88.6 in June from 89.3 in May. The latest reading also came below market consensus of 89.7. The sub-index of business expectations decreased to a level of 89 in June from 90.4 in May. At the same time, the sub-index of current […]
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