June 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 […]
Read moreJune 14, 2024 9:46 am
Italy reported a trade surplus of EUR 4.807 billion in April, which compares with a EUR 0.362 billion surplus in April 2023. The latest figure exceeded market expectations of EUR 4.25 billion. Prices of essential commodities for the local economy have dropped since the beginning of Russia’s special military operation in Ukraine, while restricting turnover […]
Read moreJune 14, 2024 7:29 am
Export prices in South Korea rose at an annual rate of 7.5% in May, data by the Bank of Korea showed, after a revised up 6.5% increase in April. It has been the most significant YoY surge in export prices since November 2022. In May, prices went up at a faster rate for manufacturing products […]
Read moreJune 13, 2024 4:55 pm
Gold production in South Africa was reported to have contracted 1.7% year-on-year in April, or at a slower rate compared to the prior month (-4.3% YoY). April has been the sixth straight month of output decline, but the pace has been the softest since September 2023. That performance contributed negatively to the volume of mining […]
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