Economic News, US Economic News, Global Economic News, Economic Calendar

U.S.

3m 6m 1y

*The economic data chart is for the U.S.

U.S. Consumer Sentiment Drops Even More Than Previously Estimated In May

Revised data released by the University of Michigan on Friday showed consumer sentiment in the U.S. deteriorated by even more than previously estimated in the month of May. The report showed the consumer sentiment index for May was downwardly revised to 58.4 from the preliminary reading of 59.1. Read more...

India Recovery Underway Despite Headwinds, Says RBI

The Indian economy is relatively better placed to strengthen the recovery that is underway, despite many headwinds, the Reserve Bank of India said in its annual report, released on Friday. The central bank observed that the momentum is expected to broadly continue in 2022-23, though with risks to... Read more...

Eurozone M3 Growth Eases; Loans To Private Sector Rises At Faster Pace

Eurozone money supply expanded at a slower pace in April, while the growth in loans to the private sector accelerated, data from the European Central Bank showed on Friday. The broad monetary aggregates M3 grew at a pace of 6.0 percent in April, slower than the 6.3 percent increase posted in March.... Read more...

U.S. / CANADA

U.S. Personal Income Climbs 0.4% In April, Slightly Less Than Expected

The Commerce Department released a report on Friday showing personal income in the U.S. increased by slightly less than expected in the month of April. The report showed personal income rose by 0.4 percent in April after climbing by 0.5 percent in March. Economists had been expecting another 0.5 percent increase. Read more...

U.S. Personal Income Climbs Slightly Less Than Expected In April

The Commerce Department released a report on Friday showing personal income in the U.S. increased by slightly less than expected in the month of April. Read more...

U.S. Pending Home Sales Plunge More Than Expected In April

A report released by the National Association of Realtors on Thursday showed pending home sales in the U.S. plummeted by much more than expected in the month of April. NAR said its pending home sales plunged by 3.9 percent to 99.3 in April after tumbling by 1.6 percent to a revised 103.3 in March. Read more...

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EUROPE

Austria Manufacturing Growth At 16-Month Low

Austria's manufacturing activity expanded at the slowest pace in sixteen months in May as new orders contracted sharply amid rising price pressures, survey data from S&P Global showed on Friday. The UniCredit Bank Austria manufacturing Purchasing Managers' Index fell to a 16-month low of 56.6 in May... Read more...

Slovenia Retail Sales Fall In April

Slovenia's retail sales decreased at the start of the second quarter, data from the Statistical Office of the Republic of Slovenia showed on Friday. Retail trade turnover declined 7.8 percent month-on-month in April. Except automotive fuel, the monthly fall in retail sales was 1.0 percent. Sales... Read more...

Italy Non-EU Trade Balance Swings To Deficit

Italy non-EU trade balance swung to deficit in April from a year ago, data from the statistical office Istat showed on Friday. The non-EU trade balance registered a deficit of EUR 2.292 billion in April versus a surplus of EUR 4.858 billion in the same month last year. In March, the trade deficit... Read more...

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ASIA

China Industrial Profits Fall In April

China's industrial profits declined in April as lockdowns disrupted production and higher raw material prices squeezed margins, data from the National Bureau of Statistics showed on Friday. In April, industrial profits decreased 8.5 percent from the previous year. This was the biggest fall since... Read more...

Tokyo Inflation Climbs 2.4% On Year In May

Overall consumer prices in the Tokyo region of Japan were up 2.4 percent on year in May, the Ministry of Internal Affairs and Communications said on Friday. That missed expectations for 2.6 percent and was down from 2.5 percent in April. Core CPI, which excludes the volatile costs of food, was... Read more...

Australia Retail Sales Data Due On Friday

Australia will on Friday release April numbers for retail sales, highlighting a modest day for Asia-Pacific economic activity. Sales are expected to rise 0.9 percent on month, slowing from 1.6 percent in March. Japan will provide May figures for Tokyo inflation; in April, overall inflation was up... Read more...

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GLOBAL ECONOMICS

Lithuania Retail Sales Growth Eases Further

Lithuania's retail sales growth eased for the third successive month in April, figures from the statistical office showed Friday. Retail sales, excluding VAT, rose a calendar-adjusted 2.7 percent year-over-year in April, much slower than March's 8.0 percent increase. Retail sale of automotive fuel... Read more...

Sweden Retail Sales Rise In April

Sweden's retail sales growth increased in April after easing in the previous month, figures from Statistics Sweden showed on Friday. Retail sales rose a working-day adjusted 2.4 percent year-on-year in April, following a 1.8 percent increase in March. A similar growth was seen in February. Sales... Read more...

Finland Consumer Sentiment Improves; Industrial Confidence Weakens

Finland's consumer confidence improved marginally and industrial sentiment weakened in May, separate survey results showed on Friday. The consumer confidence index increased to -11.6 in May from -11.7 in April, Statistics Finland said. The reading improved for the first time in three months. Only... Read more...

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ANALYST COMMENTS

ECONOMIC CALENDAR

Time (et)

Economic Indicator

Period

Actual

Forecast

Country

Friday ,May.27

03:00

Retail Sales (Y-o-Y)

APR

1.5 %

-4.2 %

Spain

04:00

M3 Money Supply (Y-o-Y)

APR

6.0 %

6.3 %

Eurozone

08:30

Personal Income (M-o-M)

APR

0.4 %

0.5 %

United States

08:30

Personal Spending (M-o-M)

APR

0.9 %

0.8 %

1.4 (R) %

United States