Economic News

Turkey's current account deficit narrowed in April, data from the central bank revealed on Monday. The current account deficit fell to $1.71 billion from $3.42 billion in the previous month. In the same period last year, the shortfall was $5.29 billion. The latest deficit was the lowest since October... Read more...

The services index in New Zealand continued to expand in May, albeit at a slower pace, the latest survey from BusinessNZ showed on Monday with a Performance of Services Index of 56.1. That's down from 61.2 in April, although it remains above the boom-or-bust line of 50 that separates expansion from... Read more...

India industrial production surged more-than-expected in April, mainly due to the low base effect as the economy was under a harsh lockdown in the same month last year to control the coronavirus pandemic. The industrial production index grew 134.4 percent year-on-year, official data showed Friday,... Read more...

Preliminary data released by the University of Michigan on Friday showed a bigger than expected rebound in U.S. consumer sentiment in the month of June. The report said the consumer sentiment index climbed to 86.4 in June after falling to 82.9 in May. Economists had expected the index to rise to 84.0. Read more...

A highly anticipated report released by the Labor Department on Thursday showed consumer prices in the U.S. increased by more than expected in the month of May. The Labor Department said its consumer price index rose by 0.6 percent in May after climbing by 0.8 percent in April. Economists had expected consumer prices to increase by 0.4 percent. Read more...

First-time claims for U.S. unemployment benefits showed a modest decrease in the week ended June 5th, according to a report released by the Labor Department on Thursday. The report showed initial jobless claims edged down to 376,000, a decrease of 9,000 from the previous week's unrevised level of 385,000. Economists had expected jobless claims to dip to 370,000. Read more...