May 25, 2024 11:18 am
Singapore’s manufacturing output has decreased at an annualized rate of 1.6% in April, while slowing from a 9.2% contraction in March. The latest data confounded market consensus of a 0.2% growth. In April, production rebounded for transport engineering (10.6% YoY after a 7.3% YoY drop in March) and for general manufacturing industries (7.3% YoY following […]
Read moreMay 24, 2024 3:29 pm
France’s business confidence has decreased to its lowest level since January in May, the latest data by INSEE showed. The gauge of business morale came in at a reading of 99.2 in May, down from 100.0 in April. The indicator remained below its long-term average and also below market consensus of 100.0. In May, companies’ […]
Read moreMay 23, 2024 2:25 pm
Singapore’s economy expanded at the sharpest annual rate since Q3 of 2022 in the first quarter of 2024, a final estimate showed on Thursday. The nation’s GDP grew 2.7% year-on-year in Q1, while matching preliminary data and outpacing market consensus of a 2.5% growth. In Q1 of 2024, services sector growth picked up sizably (3.9% […]
Read moreMay 23, 2024 7:13 am
The Bank of Korea left its base rate without change at a 15-year high of 3.5% at its May policy meeting, in line with market expectations. This way, borrowing costs were kept on hold for the eleventh consecutive meeting amid an economy demonstrating resilience and a gradually slowing but still elevated inflation, hovering above the […]
Read moreMay 22, 2024 1:40 pm
Annual consumer price inflation in South Africa has eased to 5.2% in April from 5.3% in March, data by Statistics South Africa showed. It has been the lowest inflation rate since December 2023. April has also been the 11th consecutive month, when the annual inflation rate remains within the South African Reserve Bank’s target range […]
Read moreMay 22, 2024 8:59 am
The rate of unemployment in Sweden was reported at 8.9% in April, up from 7.5% in the same month of the preceding year. The number of unemployed persons went up by 87,000 from April 2023 to 513,000, data by Statistics Sweden showed on Wednesday. In the meantime, the number of employed individuals rose by 3,000 […]
Read moreMay 22, 2024 7:34 am
The NZD/CAD currency pair scaled a fresh 21-week peak on Wednesday, after the Reserve Bank of New Zealand raised its forecast for peak interest rates and pushed back potential rate cuts, citing persistently high inflation. The central bank left its official cash rate unchanged at 5.5% for a seventh consecutive policy meeting in May, in […]
Read moreMay 21, 2024 2:36 pm
Annual headline consumer inflation in Canada has cooled to 2.7% in April from 2.9% in March, the latest data by Statistics Canada showed. The CPI reading came in line with market consensus and also marked the lowest inflation rate since March 2021. The latest reading was also consistent with Bank of Canada’s projections that inflation […]
Read moreMay 21, 2024 12:06 pm
The Euro Area reported a trade surplus of EUR 24.1 billion in March, which compares with EUR 19.1 billion surplus in the same month a year earlier, the latest data by Eurostat showed. It has been the bloc’s biggest trade surplus since December 2020. In comparison, a consensus of analyst estimates had pointed to a […]
Read moreMay 20, 2024 12:09 pm
Consumer confidence in Spain has increased to levels last seen in July 2023 in April, data showed on Monday. The gauge of consumer confidence came in at a reading of 84.5 in April, up from 82.5 in the prior month. The latest result was mostly supported by a more optimistic outlook for the future, with […]
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