June 15, 2024 4:21 pm
Annual food inflation in New Zealand has eased to 0.2% in May from 0.8% in April, data by Statistics New Zealand showed. It has pointed to the smallest increase in food prices since September 2018. Prices of fruit and vegetables plummeted 11.4% year-on-year in May, following a 1.1% drop in April. In addition, prices of […]
Read moreJune 15, 2024 11:40 am
Sweden’s annual consumer inflation has eased to 3.7% in May from 3.9% in April, the latest data by Statistics Sweden showed. It has been the lowest inflation rate since January 2022. In comparison, market consensus had pointed to a bigger slowdown to 3.5%. In May, prices moderated for housing & utilities (7.5% YoY versus 8.6% […]
Read moreJune 14, 2024 12:31 pm
India reported a merchandise trade deficit of $23.8 billion in May, which was an increase from the trade gap a year earlier. The latest figure marked the largest shortfall since October 2023. India has been running consistent trade deficits for the past four decades due to a surge in imports of mineral fuels, oils, waxes […]
Read moreJune 14, 2024 9:46 am
Italy reported a trade surplus of EUR 4.807 billion in April, which compares with a EUR 0.362 billion surplus in April 2023. The latest figure exceeded market expectations of EUR 4.25 billion. Prices of essential commodities for the local economy have dropped since the beginning of Russia’s special military operation in Ukraine, while restricting turnover […]
Read moreJune 14, 2024 7:29 am
Export prices in South Korea rose at an annual rate of 7.5% in May, data by the Bank of Korea showed, after a revised up 6.5% increase in April. It has been the most significant YoY surge in export prices since November 2022. In May, prices went up at a faster rate for manufacturing products […]
Read moreJune 13, 2024 4:55 pm
Gold production in South Africa was reported to have contracted 1.7% year-on-year in April, or at a slower rate compared to the prior month (-4.3% YoY). April has been the sixth straight month of output decline, but the pace has been the softest since September 2023. That performance contributed negatively to the volume of mining […]
Read moreJune 12, 2024 12:17 pm
Annual CPI inflation in India has slowed further, to 4.75% in May from 4.83% in April, data showed on Wednesday. In comparison, a consensus of analyst estimates had pointed to an acceleration to 4.9%. It has been the lowest CPI inflation in a year. The inflation rate has remained within the central bank’s medium-term target […]
Read moreJune 12, 2024 10:00 am
The GBP/USD currency pair edged higher on Wednesday, while rebounding from a two-week low of 1.2688, ahead of the outcome of the Federal Reserve’s two-day policy meeting and the release of US CPI inflation figures for May. The Fed is widely expected to leave its federal funds rate target range without change at a 23-year […]
Read moreJune 12, 2024 7:56 am
The EUR/USD currency pair remained stuck in a narrow trading range on Wednesday ahead of the outcome of the Federal Reserve’s two-day policy meeting and the release of US CPI inflation figures for May. The Fed is widely expected to leave its federal funds rate target range without change at a 23-year high of 5.25%-5.50% […]
Read moreJune 11, 2024 2:56 pm
The value of building permits in Canada has risen at a monthly rate of 20.5% to $12.8 billion in April, after a 12.3% decrease in March, data by Statistics Canada showed. The actual rate well exceeded market consensus of a 2.2% increase. In April, residential permits rose at a monthly rate of 21% to $8 […]
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