Retail sales from the euro area and construction purchasing managers' survey results from Germany are the top economic news due on Thursday. At 2.30 am ET, consumer price data is due from Switzerland. Inflation is forecast to accelerate to 0.8 percent in May from 0.6 percent in April.
Australia's trade balance rebounded in April as exports logged notable growth, the Australian Bureau of Statistics showed Thursday. The trade balance posted a surplus of A$1.79 billion in April, reversing a shortfall of A$1.02 billion in March, which was the first deficit since 2017. In April 2025,...
Australia will on Thursday release April numbers for imports, exports and trade balance, highlighting a light day for Asia-Pacific economic activity. In March, imports were up 14.1 percent on month and exports slipped an annual 2.7 percent for a trade deficit of A$1.841 billion.
A report released by the Commerce Department on Wednesday showed a substantial increase in new orders for U.S. manufactured goods in the month of April. The Commerce Department said factory orders soared by 4.8 percent in April after jumping by an upwardly revised 1.8 percent in March. Economists...
The Energy Information Administration released a report on Wednesday showing a significant decrease in U.S. crude oil inventories in the week ended May 29th. The report said crude oil inventories tumbled by 8.0 million barrels last week after falling by 3.3 million barrels in the previous week. Economists...
The Institute for Supply Management released a report on Wednesday showing its reading on U.S. service sector activity increased by more than expected in the month of May. The ISM said its services PMI rose to 54.5 in May from 53.6 in April, with a reading above 50 indicating growth. Economists had expected the index to tick up to 53.7.
A report released by payroll processor ADP on Wednesday showed private sector employment in the U.S. jumped by slightly more than expected in the month of May. ADP said private employment shot up by 122,000 jobs in May after increasing by a downwardly revised 105,000 jobs in April.
The Brazilian service sector growth was constrained in May due to stagnation in new orders amid inflationary pressures. The seasonally adjusted S&P Global Brazil Services Business Activity Index dropped to 50.4 in May from 52.3 in April. New orders received by Brazilian service providers remained broadly stagnant, coinciding with a sharp increase in selling prices.
A report released by payroll processor ADP on Wednesday showed private sector employment in the U.S. jumped by slightly more than expected in the month of May. ADP said private employment shot up by 122,000 jobs in May after increasing by a downwardly revised 105,000 jobs in April. Economists had...
Consumer price inflation in Luxembourg eased in May from a 4-month high in the previous month. The consumer price index rose 2.3 percent year-on-year in May, slower than the 3.1 percent increase in April. Inflation based on food and non-alcoholic beverages eased to 2.0 percent from 2.4 percent, while energy prices continued to increase sharply by 16.1 percent.
The UK service sector contracted in May as output levels dropped for the first time in just over a year, final survey results from S&P Global showed Wednesday. The final services Purchasing Managers' Index dropped to 49.3 in May from 52.7 in April. The flash reading was 47.9.
South Africa's private sector logged a marginal downturn in May, led by renewed falls in output and new orders amid inflationary pressures caused by the Middle East war. The purchasing managers' index for the private sector economy dropped to 49.6 in May from 51.6 in April. The weaker demand in May was attributed to the uncertainty caused by the war in the Middle East and rising fuel prices.
Eurozone producer price inflation accelerated in April on surging energy prices, data from Eurostat showed Wednesday. The producer price index posted an annual increase of 4.9 percent in April, following March's 2.0 percent rise. Prices were forecast to climb 4.8 percent. Excluding energy, producer...
The euro area private sector logged back-to-back contractions in May, marking its biggest fall in 18 months, final survey data from S&P Global showed Wednesday. The final composite output index dropped to 48.5 in May from 48.8 in April. A score below the threshold 50.0 indicates contraction. However, the score was above the flash estimate of 47.5.
The Austrian economy expanded as initially estimate in the first quarter. Gross domestic product advanced 0.2 percent sequentially, the same as in the previous quarter, revised from a flat change seen in the flash estimate. This growth was attributed primarily to the manufacturing of goods and public consumption. On an annual basis, GDP growth slowed to 0.9 percent from 1.0 percent.
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.