May 16, 2024 4:33 pm
Manufacturing activity in Philadelphia has slowed markedly in May from a month earlier, the latest data showed. The Philadelphia Fed Manufacturing Index was reported at a reading of 4.5 in May down from a two-year high of 15.5 in April. In comparison, market consensus had pointed to a lesser slowdown in activity (a reading of […]
Read moreMay 16, 2024 9:24 am
Annual consumer price inflation in Italy has decelerated to 0.8% in April from 1.2% in March, a final estimate by the National Institute of Statistics showed. The figure compared with a preliminary estimate of 0.9% and reflected the impact of extended restrictive monetary policy by the European Central Bank. In April, the cost of unregulated […]
Read moreMay 16, 2024 7:43 am
The EUR/NOK currency pair was hovering just above a fresh one-month low of 11.5874, after data showed Norway’s mainland GDP had grown in line with market expectations during the three months to March. GDP in Norway’s mainland, which does not take into account the petroleum-based offshore sector, grew at a quarterly rate of 0.2% in […]
Read moreMay 15, 2024 3:15 pm
Russia has reported its biggest trade balance surplus since December 2022 in March. The country’s trade surplus widened to USD 18.81 billion in March from USD 12.95 billion in the same month a year ago, the latest data by the Central Bank of Russia showed. Russia has been recording regular trade surpluses for the past […]
Read moreMay 14, 2024 1:52 pm
The jobless rate in South Africa was reported at a 1-year high in the first quarter of 2024, according to Statistics South Africa data. The unemployment rate surged to 32.9% in Q1 from 32.1% in the final quarter of 2023. The number of unemployed persons rose markedly, by 330,000, to reach 8.2 million, or the […]
Read moreMay 14, 2024 9:10 am
Producer and import prices in Switzerland decreased at an annual rate of 1.8% in April, the latest data by the Swiss Federal Statistical Office showed on Tuesday. It has been the 12th consecutive month of year-on-year decline, but yet, the slowest since December 2023. The nation’s producer prices dropped at a softer rate in April, […]
Read moreMay 14, 2024 8:13 am
Annual consumer price inflation in Germany was confirmed at 2.2% in April, or unchanged compared to March, a final estimate by the Federal Statistical Office showed on Tuesday. It has been the lowest CPI inflation reading since May 2021. Last month, services inflation slowed to 3.4% from 3.7% in March, while energy costs dropped at […]
Read moreMay 13, 2024 10:27 am
Consumer morale in Switzerland remained almost unchanged from a month ago in April, with the gauge of confidence coming in at a reading of -38.1, down from -38 in March. The latter has been the highest level of confidence since July 2023. The latest figure remained considerably below the long-term average level, the State Secretariat […]
Read moreMay 12, 2024 2:28 pm
The jobless rate in Canada remained stable at 6.1% in April, data by Statistics Canada showed. It has been the highest unemployment rate since October 2021. In comparison, a consensus of analyst estimates had pointed to an increase to 6.2%. The number of unemployed individuals in the country went up by 17,100 from the prior […]
Read moreMay 11, 2024 3:21 pm
Sweden’s industrial production has expanded at an annual rate of 2.9% in March, while rebounding after a revised up 2.5% contraction in the prior month. In March, production growth picked up for mining & quarrying (10.4% YoY compared to 5% YoY in February). Meanwhile, manufacturing output rebounded in March (2.5% YoY after a 2.8% YoY […]
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