June 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 […]
Read moreJune 24, 2024 10:51 am
Switzerland reported a larger surplus from a year ago on its current account during the first quarter of 2024. The current account surplus grew to CHF 16.1 billion in Q1 from CHF 10.8 billion in the respective period last year, data by the Swiss National Bank showed. The goods surplus widened to CHF 31.2 billion […]
Read moreJune 24, 2024 8:58 am
Annual consumer inflation in Singapore has picked up to 3.1% in May from 2.7% in April, data by Statistics Singapore showed. The actual figure exceeded market consensus of 3%. Last month, inflation accelerated for transport (2.9% YoY versus 0.9% YoY in April) and recreation & culture (5% YoY versus 4.5% YoY in April). Food prices […]
Read moreJune 23, 2024 3:16 pm
Retail sales in Canada were reported to have risen at a monthly rate of 0.7% in April, or the sharpest in a year. This reversed a 0.3% fall in March. In April, sales were underpinned by a 4.5% surge in purchases at gas stations, since higher prices magnified the 1.7% increase in sold volumes. Retail […]
Read moreJune 23, 2024 8:06 am
Foreign direct investment in China decreased 28.2% year-on-year to 412.5 billion yuan in the period January to May 2024. It has been a record drop for the first five months of the year, according to the Ministry of Commerce of the People’s Republic of China. 50.41 billion yuan were invested in the high-tech manufacturing industries, […]
Read moreJune 22, 2024 1:17 pm
Germany’s factory activity has shrunk at a much faster pace than expected in June, preliminary data by S&P Global showed. The HCOB Germany Manufacturing PMI came in at 43.4 in June, down from 45.4 in May. In comparison, market consensus had pointed to a reading of 46.4. In June, production contracted the most in three […]
Read moreJune 21, 2024 4:03 pm
Existing home sales in the United States decreased 0.7% from a month ago to a seasonally adjusted annualized rate of 4.11 million units in May. The latter has been the lowest level since January and compares with 4.14 million units in April. Meanwhile, the median sales price rose to a new record high of $419,300, […]
Read moreJune 21, 2024 8:40 am
Annual consumer price inflation in Japan has picked up to 2.8% in May from 2.5% in April, the latest data by the Ministry of Internal Affairs & Communications showed. It has been the highest inflation rate since February. Since energy subsidies fully ended, electricity prices surged sharply in May, by 14.7% year-on-year, as they reversed […]
Read moreJune 21, 2024 7:11 am
The level of consumer confidence in the Euro Area has been the highest since February 2022 in June, the preliminary data by the European Commission showed. The gauge of consumer confidence was reported at -14 in June, up from -14.3 in the preceding month. In comparison, market consensus had pointed to an improvement to -13.6. […]
Read moreJune 20, 2024 2:03 pm
Manufacturing activity in Philadelphia has slowed for a second straight month in June, the latest data showed. The Philadelphia Fed Manufacturing Index was reported at a reading of 1.3 in June, down from 4.5 in May. In comparison, market consensus had pointed to an improvement in activity (a reading of 5). In June, the gauge […]
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