There seems to be no salvation at sight for the Chinese manufacturing sector, as it contracted again in May, the results of a closely watched private survey showed Wednesday. However, official data released ahead of Caixin's survey showed the sector stabilizing, with the PMI reading holding just above the cut-off level.
Australia's gross domestic product expanded a seasonally adjusted 3.1 percent on year in the first quarter of 2016, the Australian Bureau of Statistics said on Wednesday.
That beat forecasts for an increase of 2.8 percent following the 3.0 percent gain in the previous three months.
On a quarterly...
South Korea posted a current account surplus of $3.37 billion in April, the Bank of Korea said on Wednesday - down from the $10.09 billion surplus in March.
April marked the 50th straight month with a surplus, although it touched a 27-month low.
The goods account surplus narrowed to $9.56 billion,...
The terms of trade in New Zealand climbed 4.4 percent on quarter in the first three months of 2016, Statistics New Zealand said on Wednesday.
That topped expectations for a gain of 1.0 percent following the 2.0 percent decline in the previous three months.
Export prices for goods were unchanged,...
The dollar is turning in a mixed performance Tuesday afternoon, but is little changed overall. The U.S. currency is up slightly against the Euro and down modestly against the Japanese Yen despite the release of some weaker than expected U.S. economic data. However, the buck is gaining some ground against...
India maintained its coveted status as the fastest growing major economy in the world as growth accelerated strongly in the three months to March. Gross domestic product grew 7.9 percent year-on-year in the three months to March, which was well above the 7.5 percent economists had expected.
After reporting a drop in consumer confidence in the previous month, the Conference Board released a report on Tuesday showing that confidence unexpectedly declined further in May. The Conference Board said its consumer confidence index dropped to 92.6 in May from 94.7 in April.
Chicago-area business activity unexpectedly contracted in the month of May, MNI Indicators revealed in a report released on Tuesday. MNI Indicators said its Chicago business barometer dropped to 49.3 in May from 50.4 in April, with a reading below 50 indicating a contraction.
Personal spending in the U.S. increased by more than expected in the month of April, according to a report released by the Commerce Department on Tuesday. The Commerce Department said personal spending jumped by 1.0 percent in April after coming in unchanged in March.
Eurozone's jobless rate remained stable in April at the lowest level in more than four years, while the German figure slipped to a new low since the reunification, in May. Data from the Eurostat showed that the unemployment rate came in at 10.2 percent in April, in line with expectations and the same rate as seen in March. This was the lowest rate recorded in the euro area since August 2011.
Eurozone consumer prices declined for the second straight month in May, despite several measures taken by the European Central Bank policymakers to lift prices to positive territory. Consumer prices dropped 0.1 percent from a year ago, as economists had expected, after easing 0.2 percent in April, the flash estimate published by Eurostat showed Tuesday.
Flash consumer prices and unemployment figures from euro area are due on Tuesday, headlining a busy day for the European economic news.
Eurozone economic confidence rose to a four-month high in May, driven by marked improvements in sentiment among consumers and managers in the retail trade and construction sectors. The economic sentiment index improved more-than-expected to 104.7 from a revised score of 104.0 in the previous month, survey results from the European Commission showed Monday.
Economic confidence survey results from euro area and consumer prices from Germany are due on Monday, headlining a busy day for the European economic news.
The dollar is gaining ground against all of its major rivals Friday afternoon, after Federal Reserve Chair Janet Yellen signaled in her speech that a summertime interest rate hike is forthcoming.
It will be appropriate for the Federal Reserve to raise interest this summer if the economy continues...