logo

Global Economic News

Share SHARE

newhomeasles-052416.jpg After reporting an unexpected decrease in U.S. new home sales in the previous month, the Commerce Department released a report on Tuesday showing a substantial rebound in sales in the month of April. The Commerce Department said new home sales surged up by 16.6 percent to an annual rate of 619,000 in April.

GermanZEW-052416.jpg German economic sentiment unexpectedly weakened in May as financial experts found it unlikely that the biggest euro area economy would repeat its stellar first quarter performance as the uncertainty linked to the "Brexit" clouded outlook.

ECBPeterPraet-052316.jpg The risks of a de-anchoring of inflation expectations to below 1 percent or close to zero in the euro area have increased and hence, the central bank acted forcefully, ECB Executive Board member Peter Praet said in an interview to newspaper, published Monday.

Eurozonepmi-052316.jpg Eurozone private sector growth weakened to the lowest level in more than a year in May as improvements in Germany and France were offset by softening of activity outside the big-two economies. The flash composite output index fell unexpectedly to a 16-month low of 52.9 from 53 in April, the results of the Purchasing Managers' Survey by Markit Economics revealed Monday.

japantrade-042110.jpg Japan posted a merchandise trade surplus of 823.474 billion yen in April, the Ministry of Finance said on Monday. That topped forecasts for a surplus of 521.4 billion yen following the 754.2 billion yen surplus in March. Exports were down 10.1 percent on year, missing forecasts for a fall of 9.9...

Japan had a merchandise trade surplus of 823.474 billion yen in April, the Ministry of Finance said on Monday. That exceeded expectations for a surplus of 521.4 billion yen following the 754.2 billion yen surplus in March. Exports were down 10.1 percent on year, missing forecasts for a fall of...

Japan will on Monday release April figures for imports, exports and trade balance, highlighting a modest day for Asia-Pacific economic activity. Imports are expected to slide 19.3 percent on year after falling 14.9 percent in March. Exports are called lower by 10.1 percent after slipping 6.8 percent...

existinghmessales-052016.jpg After reporting a significant rebound in U.S. existing home sales in the previous month, the National Association of Realtors released a report on Friday showing that sales sustained the upward momentum in the month of April. NAR said existing home sales climbed 1.7 percent to an annual rate of 5.45 million in April

New Zealand will on Friday release April figures for credit card spending, highlighting a light day in Asia-Pacific economic activity. In March, card spending slipped 1.1 percent on month and gained 4.8 percent on year. Japan will see April data for department and convenience store sales. In March,...

leadingindx-051916.jpg An index of leading U.S. economic indicators increased by more than expected in the month of April, the Conference Board revealed in a report released on Thursday. The Conference Board said its leading economic index climbed by 0.6 percent in April, while revised data showed no change in March.

ECB-051916.jpg European Central Bank policymakers agreed that there was a need to reaffirm that its measures can achieve the aim of returning inflation to its near-2 percent target, amid rising criticism against its stimulus measures, minutes of the April 20-21 rate-setting session showed Thursday.

philadelphiafed-051916.jpg Philadelphia-area manufacturing activity unexpectedly saw a continued contraction in the month of May, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday. The Philly Fed said its diffusion index for current activity edged down to a negative 1.8 in May.

Joblessclaims-051916.jpg After reporting increases in first-time claims for U.S. unemployment benefits in each of the three previous weeks, the Labor Department released a report on Thursday showing that jobless claims pulled back in the week ended May 14th.

UK-RetailSales-051916.jpg U.K. retail sales recovered at a faster-than-expected pace in April, despite cold weather dampening clothing sales. The retail sales volume climbed 1.3 percent in April from March, when it decreased by a revised 0.5 percent, data from the Office for National Statistics revealed Thursday.

PhilGDP-051916.jpg The Philippine economy expanded at the fastest pace in almost three years in the first quarter, largely driven by government spending ahead of the election in May. According to data published by the Philippine Statistics Authority, gross domestic product advanced 6.9 percent year-over-year in the first quarter, in line with expectations and faster than the revised 6.5 percent growth.

Follow RTT