A report released by the National Association of Realtors on Tuesday showed existing home sales in the U.S. spiked by much more than anticipated in the month of May. NAR said existing home sales surged by 3.2 percent to an annual rate of 4.17 million in May after climbing by 0.8 percent to an upwardly revised rate of 4.04 million in April.
The Commerce Department released a report on Tuesday showing the U.S. trade deficit narrowed roughly in line with economist estimates in the month of April. The report said the trade deficit shrank to $55.9 billion in April from a revised $56.6 billion in March. Economists had expected the trade deficit to decrease to $55.8 billion from the $60.3 billion originally reported for the previous month
The foreign trade deficit of Cyprus increased in April from a year ago as imports grew faster than exports. The goods trade deficit rose to EUR 1.0 billion from EUR 797.1 million in the same month last year. In March, the shortfall was EUR 705 million. Total exports of goods rose 7.6 percent annually in April, while imports logged a double-digit growth of 15.1 percent.
Slovakia's foreign trade surplus increased in April from a year ago as exports grew faster than imports. The trade balance showed a surplus of EUR 76.0 million in April versus a deficit of EUR 90.1 million in the corresponding month last year. The favorable foreign trade balance in April was driven mainly by a higher surplus in machinery and transport equipment.
Portugal's foreign trade shortfall decreased in April from a year ago as exports grew faster than imports. The trade deficit dropped to EUR 2.9 billion in April from EUR 3.0 billion in the same month last year. Exports climbed 15.5 percent year-over-year in April, and imports were 11.0 percent higher. During April, Portugal's main export partner country was Spain.
Latvia's consumer price inflation accelerated in May to the highest level in five months. The consumer price index rose 3.5 percent year-on-year in May, faster than the 2.9 percent increase in April. Moreover, a similar inflation rate was last seen in December 2025.
Germany's industrial production expanded for the first time in five months in April but the growth remained moderate as geopolitical tensions clouds outlook. Industrial output increased 0.4 percent on a monthly basis, in line with expectations but in contrast to the revised 0.1 percent fall in March, data from Destatis revealed Tuesday. Moreover, this was the first growth since November.
The Commerce Department released a report on Tuesday showing the U.S. trade deficit narrowed roughly in line with estimates in the month of April. The report said the trade deficit shrank to $55.9 billion in April from a revised $56.6 billion in March. Economists had expected the trade deficit to...
Denmark's industrial production decreased in April after rebounding sharply in the previous month. Industrial production dropped a seasonally adjusted 1.1 percent month-on-month in April, reversing an 8.3 percent growth in March. Among industrial groups, production in the electronics industry declined the most by 15.8 percent, and the pharmaceutical sector dropped by 2.5 percent.
UK retail sales logged a strong growth in May as late Spring heatwave pushed up clothing and footwear sales, the British Retail Consortium said Tuesday. Retail sales increased 3.7 percent on a yearly basis in May compared to the 1.0 percent growth in the same period last year. Food sales grew...
The South African economy expanded at a slightly faster pace in the first quarter. In real terms, gross domestic product rose 0.5 percent sequentially after a 0.4 percent increase in the fourth quarter. The expenditure breakdown showed that household final consumption expenditure increased 0.1 percent, and government consumption rose 0.6 percent.
Taiwan's foreign trade surplus increased notably in May from a year ago. The trade surplus rose to $17.9 billion in May from $12.6 billion in the corresponding month last year. The surplus also increased from $14.3 billion in April. The expected surplus was $15.2 billion. Exports surged 51.7 percent annually in May, and imports were 54.9 percent higher.
Lithuania's foreign trade deficit increased in April from a year ago. The trade deficit rose to EUR 606.9 million in April from EUR 567.7 million in the corresponding month last year. In March, the shortfall was EUR 558.7 million. On an annual basis, exports climbed 18.2 percent in April, and imports also logged a sharp growth of 16.4 percent.
China's exports surged in May fueled by increased shipments of automobiles and artificial intelligence-related products, official data revealed Tuesday. Exports logged a double-digit growth of 19.4 percent in May, following an increase of 14.1 percent in April. The growth outpaced economists' forecast of 15.0 percent.
Hungary's consumer price inflation moderated for the first time in three months in May. Consumer prices climbed 1.8 percent year-on-year in May, slower than the 2.1 percent rise in April. Food inflation softened to 0.5 percent from 1.5 percent. Costs for consumer durable goods grew at a slower rate of 2.4 percent versus 2.7 percent in April
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.