June 10, 2024 4:17 pm
Consumer morale in Switzerland was almost unchanged from a month ago in May, with the gauge of confidence coming in at a reading of -38, up from -38.1 in April. The latest figure remained considerably below the long-term average level, the State Secretariat for Economic Affairs said. The gauge of expected economic development remained little […]
Read moreJune 10, 2024 11:39 am
Sweden’s industrial production has contracted at the steepest annual rate since July 2023 in April, data showed on Monday. Industrial production has decreased 4.4% year-on-year in April, following a revised down 2% expansion in March. In April, manufacturing output shrank 5.3% YoY after a 1.5% growth in the preceding month, Statistics Sweden reported. Meanwhile, production […]
Read moreJune 10, 2024 9:16 am
Norway’s annual consumer price inflation has decelerated further, to 3% in May, from 3.6% in April, the latest data by Statistics Norway showed. It has been the lowest CPI inflation rate since July 2021. In May, inflation slowed for food & non-alcoholic beverages (5.4% YoY from 6.8% YoY in April), housing & utilities (0.1% YoY […]
Read moreJune 9, 2024 12:55 pm
Canada’s economy has created 26,700 jobs in May, following an employment growth of 90,400 in April. In comparison, market consensus had pointed to 22,500 growth. Part-time employment went up by 62,000 in May and full-time employment decreased by 36,000. Job gains in May were observed mostly within the services-providing sector, as follows: – health care […]
Read moreJune 9, 2024 10:50 am
Foreign exchange reserves in South Africa expanded to $62.087 billion in May from $61.795 billion in April, data by the South African Reserve Bank showed. The nation’s foreign currency reserves grew to $46.424 billion in May from $46.287 billion in April. Meanwhile, gold reserves increased to $9.449 billion in May from $9.320 billion in April, […]
Read moreJune 8, 2024 5:17 pm
France has reported its biggest trade balance deficit since October 2023 in April. The trade shortfall widened to EUR 7.6 billion in April from EUR 5.4 billion in March. The nation’s total exports went down 1.7% month-over-month to EUR 51.2 billion in April, while total imports went up 2.3% to EUR 58.8 billion. The energy […]
Read moreJune 8, 2024 12:51 pm
Manufacturing production in Norway was reported to have contracted at a monthly rate of 5.6% in April after a revised up 5.6% surge in March. It has been the steepest monthly rate of contraction on record, as production shrank for most components: – textiles, wearing apparel & leather (-15.5% in April after an 8.7% increase […]
Read moreJune 8, 2024 10:30 am
Switzerland’s jobless rate has remained steady at 2.3% in May, data by the State Secretariat for Economic Affairs showed, in line with market expectations. It has been the lowest rate since December 2023. The number of unemployed individuals dropped by 1,492 to 105,465 in May compared to a month ago. Switzerland’s youth unemployment rate, which […]
Read moreJune 7, 2024 11:29 am
The Bank of Russia (CBR) left its key policy rate without change at 16% for a fourth consecutive meeting in June, in line with market expectations. However, the central bank warned that it might raise interest rates at its next policy meeting, as domestic demand continued to outpace the limited current capacity of the nation’s […]
Read moreJune 7, 2024 9:53 am
Foreign exchange reserves in Singapore have risen to a new two-year high in May, the latest data by the Monetary Authority of Singapore showed on Friday. Foreign exchange reserves grew to SGD 500.863 billion in May from SGD 500.307 billion in the prior month. The latest figure was mostly driven by an increase in gold […]
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