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Russia’s unemployment rate at fresh record low of 2.6%

June 6, 2024 7:53 am
The jobless rate in the Russian Federation has decreased to a fresh record low of 2.6% in April from 2.7% in March, the latest data by the Federal State Statistics Service showed. The drop was mostly a result of labor shortages of skilled workers due to the emigration and mobilization of men for the military […] Read more

US private payrolls growth slowest since January

June 5, 2024 1:06 pm
Employers in the US private sector have added 152,000 jobs in May, data by Automatic Data Processing showed on Wednesday. This has been the slowest employment growth since January and it fell well short of market expectations of 175,000. In May, the service-providing sector added 149,000 job positions, as follows: – trade, transportation and utilities […] Read more

Singapore’s retail sales drop 1.2% YoY in April

June 5, 2024 7:56 am
Singapore’s retail sales were reported to have decreased at an annualized rate of 1.2% in April, following a revised up 2.8% surge in the preceding month. April has marked the first drop in retail sales since December 2023 and also the most considerable one since February 2022. In April, sales were lower for furniture and […] Read more

US job openings fall to lowest level since February 2021

June 4, 2024 3:06 pm
The number of job openings in the US was reported at 8.059 million in April, or a decrease by 296,000 compared to the prior month. It has been the lowest number of openings since February 2021 and fell well short of market expectations of 8.34 million. In April, job openings were lower in health care […] Read more

Germany’s unemployment rate remains stable at 5.9%

June 4, 2024 10:55 am
The seasonally adjusted jobless rate in Germany was reported at 5.9% for a sixth straight month in May, in line with market expectations. This has been the highest jobless rate in the EU’s largest economy in three years. The number of unemployed persons in the country rose by 25,000 to 2.762 million in May. This […] Read more

Switzerland’s CPI inflation stable at four-month high

June 4, 2024 8:04 am
Annual consumer price inflation in Switzerland has remained stable at 1.4% in May, the latest data by the Swiss Federal Statistical Office showed on Tuesday. It has been the highest inflation rate since December 2023. Price increase accelerated for housing and utilities, by 3.8% YoY after a 3.3% YoY rise in April. Cost of transport […] Read more

South Korea’s CPI inflation lowest since July 2023

June 4, 2024 6:39 am
Annual consumer price inflation in South Korea has decelerated to 2.7% in May from 2.9% in April, the latest data by Statistics Korea showed. It has been the lowest CPI inflation rate since July 2023. In comparison, market consensus had pointed to a slower CPI easing – to 2.8%. In May, prices increased at a […] Read more

Switzerland’s retail sales rise the most since February 2022

June 2, 2024 12:24 pm
Retail sales in Switzerland were reported to have risen at the sharpest annual rate since February 2022 in April. Retail sales went up 2.7% year-on-year in April, while rebounding from a 0.2% drop in March, the data showed. The latest figure far exceeded market consensus of a 0.2% rise. In April, sales of non-food products […] Read more

Spain posts €3.285 billion current account surplus in March

June 1, 2024 3:44 pm
Spain has reported a surplus of EUR 3.285 billion on its current account in March, which compared with a EUR 5.911 billion surplus in March of 2023. The nation’s goods and services surplus shrank to EUR 5.244 billion in March from EUR 6.741 billion a year earlier. Spain’s tourism account registered a EUR 5.100 billion […] Read more

Singapore’s bank lending eases from 15-month high in April

June 1, 2024 11:26 am
Total bank lending in Singapore came in at SGD 804.3 billion in April, data by the Monetary Authority of Singapore showed. That figure compared with a 15-month high of SGD 807.8 billion in March. Lending to corporate sector decreased to SGD 491.8 billion in April from SGD 495.3 billion in March, the data showed. In […] Read more