Economy And The Numbers

Spain's industrial production declined unexpectedly in April, as output in all sectors contracted except capital goods, preliminary data from the statistical office INE showed on Tuesday. Industrial production declined by an adjusted 0.9 percent year-over-year in April, reversing a 4.1 percent gain...

The UK construction sector expanded at the sharpest pace in three months in May, driven by faster gains in commercial building and civil engineering activity, survey results from S&P Global showed Tuesday. The Chartered Institute of Procurement & Supply construction Purchasing Managers' Index, or PMI, rose to 51.6 in May from 51.1 in April.

The South African economy expanded as expected in the first quarter after contracting in the previous quarter, data from Statistics South Africa showed on Tuesday. In real terms, gross domestic product advanced 0.4 percent sequentially, reversing a 1.1 percent fall in the final quarter of 2022.  As...

The Reserve Bank of Australia unexpectedly raised its key interest rate for a second policy session in a row as policymakers assessed inflation as high and considered the risk of high inflationary expectations feeding into wage increases and prices. The central bank also signaled that more tightening may be required in the future to bring inflation back to the target of 2-3 percent.

Taiwan consumer price inflation eased in May to the lowest level in nearly two years, data released by the Directorate General of Budget, Accounting, and Statistics showed on Tuesday. The consumer price index, or CPI, rose 2.02 percent year-on-year in May, slower than the 2.35 percent rise in April....

Germany's construction sector continued to contract in May, largely due to a further plunge in housing activity amid weaker demand conditions, survey results published by S&P Global showed on Tuesday. The HCOB construction Purchasing Managers' Index climbed to 43.9 in May from 42.0 in the previous...

Romania's producer price inflation slowed for an eighth month in a row to reach its lowest level in two years, data from the National Institute of Statistics showed on Tuesday. The producer price index increased 11.6 percent year-on-year in April, after a 13.6 percent growth in March. The latest...

Euro area retail sales remained unchanged in April after falling in the previous two months, preliminary data from Eurostat showed Tuesday. Retail sales was unchanged from March, when they fell 0.4 percent from the previous month, which was revised from a 1.2 percent decrease. Economists were looking for a 0.2 percent growth.

The Netherlands' consumer price inflation accelerated for the second straight month in May, as initially estimated, the latest data from the Central Bureau of Statistics showed Tuesday. The consumer price index rose 6.1 percent year-over-year in May, faster than the 5.2 percent increase in April....

The Philippines' consumer price inflation eased for the fourth straight month in May to the lowest level in nearly a year, largely driven by a slowdown in prices for food products along with a fall in transport costs, data from the Philippine Statistical Authority showed on Tuesday. The consumer price...

Ireland's service sector continued to expand strongly in May amid a sustained rise in new business and activity, survey data from S&P Global showed Tuesday. The AIB Services Purchasing Managers' Index dropped to 57.0 in May from 58.4 in April. However, a score above 50 indicates expansion in the sector. Among...

Germany's manufacturing orders decreased further in April, but the fall was less severe than expected, led by decline in the manufacture for machinery and equipment and a massive slump in demand for vehicles such as ships and aircraft, preliminary data from the statistical office Destatis showed Tuesday.

The Reserve Bank of Australia unexpectedly raised its key interest rate on Tuesday, for a second policy session in a row, saying that inflation at 7 percent remains too high and some further policy tightening may be required in future to bring the price growth rate to target.

The average of household spending in Japan was down 4.4 percent on year in April, the Ministry of Communications and Internal Affairs said on Tuesday - coming in at 303,076 yen. That missed expectations for an increase of 0.4 percent after sinking 1.9 percent in March. On a monthly basis, household...

The Reserve Bank of Australia will wrap up its monetary policy meeting on Tuesday and then announce its decision on interest rates, highlighting a modest day for Asia-Pacific economic activity. The RBA is widely expected to keep its benchmark lending rate unchanged at 3.85 percent. Australia also...