With consumers experiencing some relief due to the early-month easing in gasoline prices, the University of Michigan released a report on Friday showing a bigger than expected rebound in U.S. consumer sentiment in the month of June. The University of Michigan said its consumer sentiment index jumped to 48.9 in June after slumping to 44.8 in May. Economists had expected the index to rise to 46.0.
The persisting conflict in the Middle East and the closure of the Strait of Hormuz are expected to keep the global energy prices elevated this year with a 36 percent increase in the Brent crude oil prices, a new report from the World Bank said.
India's consumer price inflation accelerated less than expected in May to the highest level in sixteen months amid higher food costs. The consumer price index registered an increase of 3.93 percent on a yearly basis in May, faster than the 3.48 percent rise in April. Food inflation quickened to 4.78 percent from 4.20 percent. Charges for transport services for goods surged 7.63 percent.
The U.K. economy contracted for the first time since August last year as the U.S.-Iran war has started to take its toll on business activity, official data showed Friday. Real gross domestic product decreased 0.1 percent in April, in contrast to a 0.3 percent expansion in March, the Office for National Statistics reported. This was the first monthly fall since August 2025.
Hong Kong's industrial production expanded at a slower pace in the first quarter of 2026. The index of industrial production for manufacturing industries as a whole climbed 3.1 percent annually in the first quarter, following a 5.8 percent rebound in the fourth quarter. Production of textiles and wearing apparel fell at a stable pace of 4.7 percent.
Spain's consumer prices logged a steady increase in May, final data from the statistical office INE revealed Friday. The consumer price index grew 3.2 percent year-on-year in May, the same pace of increase as seen in April and matched the estimate published on May 29. Meanwhile, underlying inflation...
Croatia's producer price inflation slowed slightly in May from a 31-month high in the previous month. The producer price index rose 6.7 percent year-on-year in May, following a 7.0 percent surge in April, which was the highest increase since March 2023. The overall high growth rate was mainly driven by a 21.4 jump in energy costs.
Turkey's current account surplus decreased in April from a year ago. The current account surplus dropped to $5.7 billion from $8.4 billion in the corresponding month last year. The current account, excluding gold and energy, indicated a net surplus of $319 million in April. The trade deficit in goods narrowed to $6.8 billion from $9.9 billion.
France's inflation accelerated as estimated in May on energy and services costs, final data from the statistical office INSEE showed Friday. Consumer price inflation rose to 2.4 percent in May from 2.2 percent in April. This was the highest since February 2024, when inflation was 3.0 percent. The...
Romania's consumer price inflation accelerated further in April to the highest level in just over three years. The consumer price index, or CPI, rose at a faster pace of 10.9 percent year-on-year in April, after a 10.7 percent increase in March. Moreover, this was the highest inflation rate since April 2023. Services costs continued to grow sharply by 13.5 percent from last year.
Hungary's industrial production expanded at a slower pace in April, as estimated initially. The volume of industrial production rose an unadjusted 0.9 percent annually in April, much slower than the 6.7 percent sharp rebound in March. The overall expansion was driven by a 0.9 percent increase in manufacturing production, while the energy industry advanced only by 0.2 percent.
Germany's inflation slowed as initially estimated in May largely reflecting the slowdown in energy price growth, final data from Destatis revealed Friday. Destatis confirmed that consumer price inflation weakened to 2.6 percent in May. Inflation eased from 2.9 percent in April, which was the highest since December 2023.
Japan's industrial output expanded less than initially estimated in April. Industrial production rose 0.5 percent monthly in April, reversing 2.0 percent fall in March. In the flash estimate, the rate of decrease was 0.8 percent. It was the first increase in three months. The annual decline in industrial production softened to 5.0 percent in April from 5.3 percent in March.
The UK economy contracted in April due to weakness in the services sector, the Office for National Statistics reported Friday. Real gross domestic product posted a contraction of 0.1 percent in April, in contrast to a 0.3 percent expansion in March. This was the first monthly fall since August 2025...
GDP and foreign trade from the UK and final inflation from Germany and France are due on Friday, headlining a busy day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK GDP, industrial output and foreign trade figures. The economy is forecast to shrink 0.1 percent in April, in contrast to the 0.3 percent expansion seen in March.
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.