June 18, 2024 1:55 pm
Singapore’s non-oil domestic exports were reported to have dropped 0.1% year-on-year in May, while marking the fourth straight month of decline. Yet, the pace has been the slowest in 20 months. It came after a 9.6% YoY slump in April. A consensus of analyst estimates had pointed to a 0.9% YoY drop. In May, sales […]
Read moreJune 18, 2024 8:56 am
Housing starts in Canada were reported to have increased 10% month-over-month to 264,506 units in May. It has marked the highest number of housing starts since October 2023. In comparison, market consensus had pointed to a level of 247,000 units. The May seasonally adjusted annual rate (SAAR) of total urban housing starts rose 11% to […]
Read moreJune 18, 2024 6:59 am
The Reserve Bank of Australia kept its cash rate without change at 4.35% at its June policy meeting, in line with market expectations. The central bank noted that inflation still remained above the midpoint of its 2%–3% target range, mostly because of the still-high cost of services. Recent macroeconomic figures have suggested the RBA will […]
Read moreJune 17, 2024 2:08 pm
Pay in the Euro Area has increased 5.3% year-on-year during the first quarter of 2024, data by Eurostat showed, accelerating from a revised up 3.2% rise in Q4 of 2023. It has been the fastest wage growth rate since the fourth quarter of 2022. In Q1, pay growth picked up for: – manufacturing (5.8% YoY […]
Read moreJune 17, 2024 10:57 am
Norway has reported a trade surplus of NOK 58.7 billion in May, or an increase from NOK 45.3 billion in the same month of 2023. The nation’s total exports went up 9.9% year-on-year to NOK 153.2 billion, the latest data by Statistics Norway showed. In May, shipments rose for animal & vegetable oils, fats & […]
Read moreJune 16, 2024 12:09 pm
The Euro Area has reported a trade surplus of EUR 15 billion in April, compared with a deficit of EUR 11.1 billion in April last year. The latest figure fell short of market consensus of EUR 20 billion. The bloc’s total imports went up 1.8% year-on-year to EUR 232.5 billion in April, while total exports […]
Read moreJune 16, 2024 7:44 am
Manufacturing sales in Canada rose at a monthly rate of 1.1% in April, compared with a preliminary estimate of a 1.2% growth, and following a revised up 1.8% decline in March. An increase in sales was observed in 12 out of the 21 subsectors, led by primary metals (+4.7%), transportation equipment (+4.1%) and chemical products […]
Read moreJune 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 […]
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